Textiles

Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales

Retrieved on: 
Tuesday, April 2, 2024

Movado Group, Inc. (NYSE: MOV) today announced the appointment of Debbie Forman-Pavan to President of North America Sales.

Key Points: 
  • Movado Group, Inc. (NYSE: MOV) today announced the appointment of Debbie Forman-Pavan to President of North America Sales.
  • In this role, Ms. Forman-Pavan will be responsible for leading all avenues of sales across North America, while increasing revenue growth, and continuing to support the solid foundation of the business.
  • View the full release here: https://www.businesswire.com/news/home/20240402568130/en/
    Debbie Forman-Pavan, President of North America Sales at Movado Group, Inc. (Photo: Business Wire)
    “We are thrilled to have Debbie Forman-Pavan join the Movado Group family.
  • We are confident that our iconic brands will continue to grow within North America under her leadership,” said Efraim Grinberg, Chairman and Chief Executive Officer, Movado Group.

Sparxell Raises $3.2m to Advance Development of Sustainable Pigments

Retrieved on: 
Tuesday, April 2, 2024

Sparxell’s pigments use the same material that many plants and animals use to produce vivid, durable, and fade-resistant colourants.

Key Points: 
  • Sparxell’s pigments use the same material that many plants and animals use to produce vivid, durable, and fade-resistant colourants.
  • The products are toxin-free and fully biodegradable with a colour intensity that lasts longer than traditional colourants and pigments on the market.
  • The colourants market is worth an estimated $38 billion and is expected to grow to over $100 billion by 2030 *.
  • Sparxell has already engaged in product innovation partnerships with blue-chip companies across different industries including leading car manufacturers, world-leading high-end fashion brands, and cosmetic goods manufacturers.

Interface Brings Performance and Sophisticated Style with New Carpet Tile Collections

Retrieved on: 
Tuesday, April 2, 2024

Featuring 12 versatile options, these new products are functional, durable, and beautiful -- perfect for hardworking spaces in any segment. Through continued innovations across design and manufacturing, Stria offers accessible pricing and a three-week lead time.

Key Points: 
  • With these latest introductions, Interface continues to expand its product portfolio by combining style and performance, meeting its customers’ design and space-specific needs, all while offering the lowest carbon footprint carpet tile products in the industry.
  • Introduced as two new product extensions of Interface’s expansive Open Air™ collection, Stria and Open Ended bring subtle, sophisticated color to the platform.
  • The result is versatile carpet tile styles that bring familiarity, warmth, and handcrafted authenticity to today’s interiors.
  • As part of a modular flooring system, architects, designers, and specifiers can easily and efficiently pair Interface carpet tile, LVT, and nora® rubber flooring to create beautiful, positive spaces.

Europe Furniture Industry Report 2024, Featuring Aquinos, Cotta Collection, Design Holding, Ekornes, Friul Intagli, Howden Joinery, IKEA, Natuzzi, Nobilia, Polipol, Schuller, Steelcase and Welle - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024

The Furniture Industry in Europe report contains all the main statistics and indicators useful to analyze the furniture sector in Europe and in 30 European countries.

Key Points: 
  • The Furniture Industry in Europe report contains all the main statistics and indicators useful to analyze the furniture sector in Europe and in 30 European countries.
  • Europe continues to hold a crucial position in the global furniture industry, acting as a pivotal hub for production, market size and world trade.
  • The European furniture market potential and development insights: future perspectives of the furniture sector in Europe, furniture market forecasts up to 2025.
  • Types of furniture covered: Office furniture, Upholstered furniture, Non-upholstered seats, Kitchen furniture, Bedroom furniture, Dining and living room furniture, and Other Furniture.

Cintas is Recognized as One of Newsweek’s America’s Greatest Workplaces for Diversity 2024

Retrieved on: 
Tuesday, April 2, 2024

Cintas Corporation (Nasdaq: CTAS) has been recognized as one of America’s Greatest Workplaces for Diversity 2024 by Newsweek for its continued commitment to building a diverse and inclusive workplace.

Key Points: 
  • Cintas Corporation (Nasdaq: CTAS) has been recognized as one of America’s Greatest Workplaces for Diversity 2024 by Newsweek for its continued commitment to building a diverse and inclusive workplace.
  • The company is also committed to diversity and inclusion through its acclaimed supplier diversity program and philanthropic endeavors.
  • View the full release here: https://www.businesswire.com/news/home/20240402213929/en/
    Cintas has been recognized for its continued commitment to building a diverse and inclusive workplace.
  • “We’re committed to empowering and engaging our employee-partners so that they can feel confident being their own person and the best version of themselves.”

Guess?, Inc. and WHP Global Complete the Acquisition of rag & bone Guess?, Inc. Announces $50 Million Expansion of its Existing Asset-Based Revolving Credit Facility

Retrieved on: 
Wednesday, April 3, 2024

Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced that they have completed the previously announced acquisition of New York based fashion brand rag & bone.

Key Points: 
  • Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced that they have completed the previously announced acquisition of New York based fashion brand rag & bone.
  • has contributed $57.1 million towards the purchase of rag & bone, in addition to contributions from WHP Global.
  • has entered into an agreement with the lenders of its existing $150 million asset-based revolving credit facility to increase the borrowing capacity under the facility by $50 million to a total of $200 million.
  • For additional information on the acquisition of rag & bone, please read the announcement press release here .

Shoes For Crews® Commences Financial Restructuring to Complete Sale Process and Continue Global Industry Leadership on Stronger Financial Foundation

Retrieved on: 
Tuesday, April 2, 2024

The Company is commencing a court-supervised sale process to “market-check” the Stalking Horse APA and seeks the highest or otherwise best bid for its assets to maximize value for all stakeholders.

Key Points: 
  • The Company is commencing a court-supervised sale process to “market-check” the Stalking Horse APA and seeks the highest or otherwise best bid for its assets to maximize value for all stakeholders.
  • The Company is targeting the sale process to be completed in approximately two months.
  • Shoes For Crews has also filed standard “first day” motions in the Chapter 11 cases, seeking court approval to continue supporting its operations during the court-supervised sale process.
  • Additional information is available through the Company’s claims agent, Omni Agent Solutions, at https://omniagentsolutions.com/ShoesforCrews .

Dawson-Forté Cashmere Shareholders Sell Majority Equity Stake to Tempus Partners

Retrieved on: 
Thursday, March 28, 2024

Dawson-Forté Cashmere (“Dawson-Forté”), the brand parent of KINROSS Cashmere and &Isla, is pleased to announce that the current shareholding group has sold a majority position to Tempus Partners, a consumer-focused private equity firm.

Key Points: 
  • Dawson-Forté Cashmere (“Dawson-Forté”), the brand parent of KINROSS Cashmere and &Isla, is pleased to announce that the current shareholding group has sold a majority position to Tempus Partners, a consumer-focused private equity firm.
  • Andy Bartmess will remain Dawson-Forté’s CEO and a shareholder.
  • MMG Advisors, Inc. brokered the transaction and acted as exclusive financial advisor to the sellers.
  • Scholhamer Business Law acted as legal advisor to the sellers; Benesch Friedlander Coplan & Aronoff acted as legal advisor to Tempus Partners.

Impacts of Extreme Weather on Interior Design Examined in New Research

Retrieved on: 
Thursday, March 28, 2024

Focusing on the intersection between science and interior design, “ASID Impact of Design Brief: Climate, Building Resiliency & Human Health” is the first of two free resources from ASID and CIRI.

Key Points: 
  • Focusing on the intersection between science and interior design, “ASID Impact of Design Brief: Climate, Building Resiliency & Human Health” is the first of two free resources from ASID and CIRI.
  • The brief explores how weather events impact the built environment and interior design, the effects of extreme weather on human health and building resilience, and insight into designing for the future.
  • The extreme weather brief will be followed by a second brief from the ASID-CIRI team; with the second focusing on the effects of heat.
  • “With the increase of extreme weather events and climate change, the interior design profession must be well-equipped to better understand and incorporate resilient solutions into their practices.

Slip Robotics Wins Best New Innovation in the Supply Chain at MODEX 2024

Retrieved on: 
Thursday, March 28, 2024

Slip Robotics, a warehouse robotics company, was presented with the MHI Innovation Award for Best New Innovation for its SlipBot ALR (automated loading robot).

Key Points: 
  • Slip Robotics, a warehouse robotics company, was presented with the MHI Innovation Award for Best New Innovation for its SlipBot ALR (automated loading robot).
  • View the full release here: https://www.businesswire.com/news/home/20240328381793/en/
    The SlipBot from Slip Robotics won the Best New Innovation in the supply chain at MODEX 2024.
  • (Photo: Business Wire)
    The MHI Innovation Awards provide valuable insights on the latest manufacturing and supply chain innovative products and services.
  • SlipBots were on display and used in live demonstrations at the Slip Robotics booth at MODEX 2024.