Artistic Milliners buys Cone Denim
Pakistan-headquartered Artistic Milliners has bought a majority stake in Cone Denim from Elevate Textiles.
Cone Denim name will operate as a standalone company and will still be led by president Steve Maggard.
Murtaza Ahmed and Omer Ahmed of Artistic Milliners said in a joint statement: “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.
“We are committed to bringing the full breadth of our expertise to help unlock Cone’s competitive strengths.”
Cone Denim will now operate its existing mills in Parras and Yecapixtla, Mexico and its facility in Jiaxing, China; as well as Artistic Milliners’ recently inaugurated garment facility in Parras, Mexico, and its Star Fades International (SFI) laundry and development center in Los Angeles.
The Ahmeds continued: “Cone Denim’s distinctive position as the iconic American manufacturer joins Artistic Milliners’ 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.”
Last summer, Artistic Milliners (AM) bought a Dickies garment-making factory located in Parras, Mexico, owned by VF, located close to Cone’s mill in the same town in the northeast of the country.
This July, it launched a collection using fabrics from Cone’s Mexican mill.
