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Cone Denim will offer fully vertical, end-to-end solutions \u2013 ranging from premium denim fabric to expertly finished garments. \u201cWe are committed to bringing the full breadth of our expertise to help unlock Cone\u2019s competitive strengths. Cone Denim will preserve its unique identity while continuing to drive its own business strategy. Our goal is to collaborate closely with the Cone Denim team, building on the legacy and achievements of more than 130 years,\u201d said Murtaza Ahmed and Omer Ahmed of Artistic Milliners in a joint statement.<\/em><\/strong><\/p>\n Artistic Milliners has acquired a majority stake in Cone Denim from Elevate Textiles, forming a new multinational under the Cone Denim name.
The new entity will operate a global platform spanning both hemispheres and will be comprised of a combination of selected assets from each organization. Cone Denim will now operate its existing mills in Parras and Yecapixtla, Mexico and its facility in Jiaxing, China; as well as Artistic Milliners\u2019 recently inaugurated garment facility in Parras, Mexico; and its Star Fades International (SFI) laundry and development center in Los Angeles.<\/p>\n The Ahmeds continued: \u201cCone Denim\u2019s distinctive position as the iconic American manufacturer joins Artistic Milliners\u2019 global portfolio, creating an international organization that leverages our collective infrastructure and expertise to offer customers unparalleled service and flexibility. Our multinational manufacturing locations will offer speed, scale and surety of supply.\u201d<\/p>\n Cone Denim will continue to operate as a standalone portfolio company under Artistic Milliners. Steve Maggard, President of Cone Denim, will lead the new entity, reporting to the Board of Directors, which includes Omer Ahmed, Murtaza Ahmed, and Jeffrey P. Pritchett alongside to-be-determined directors.<\/p>\n Pritchett, CEO and member of the Board of Directors, Elevate Textiles<\/em><\/strong> added, \u201cWe are excited to unite two global denim leaders with shared values furthering the Cone Denim name and legacy. Cone Denim and Artistic Milliners both possess long-standing textile heritage and are recognized worldwide for their commitment to innovation, traceability, and sustainability. They are both well respected, responsible, and ethical manufacturers. As the new Cone Denim, we are able to better leverage synergies across our brands, operations, and global footprint including the return of Cone Denim production capabilities in the US and expansion into new global regions.\u201d<\/p>\n Cone Denim and Artistic Milliners customers will continue to interact with their existing product and sales representatives and can anticipate the same high standard of service, delivery, and quality to be upheld.<\/p>\n \u201cWe remain committed to providing enhanced fabric variety, design innovation, and comprehensive garment services to our customers \u2014 this includes our planned expansion into North Africa,\u201d Maggard added.<\/p>\n
<\/p>\n Fibre2Fashion News Desk (HU)<\/p>\n
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\nCone will run mills in Mexico, China, and the US, plus Artistic’s facilities in Mexico and LA.
\nLed by Cone president Steve Maggard, the entity will offer end-to-end denim solutions, global reach, and expansion plans, including into North Africa.<\/p>\n\tNote: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.<\/h6>\n