Fruit of the Loom

Apparel and textile industry company news

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Top stories on just-style this week... | 29 Oct 10

Here is a roundup of the top five stories on just-style this week. Click on each headline for the full story.

UK: Fruit of the Loom ramping up Moroccan operations Leonie Barrie | 27 Oct 10

The European unit of underwear and casual clothing maker Fruit of the Loom is ramping up its operations in Morocco on the back of higher demand from its customers as the global economic recovery continues.

UK: VFB Lingerie strengthens PLM strategy | 22 Sep 10

VFB Lingerie, a European unit of Fruit of the Loom that specialises in the design, creation and distribution of underwear, is taking steps to strengthen its PLM strategy.

HONDURAS: Russell Athletic to open factory after boycotts | 23 Nov 09

T-shirt and casualwear maker Russell Athletic has agreed to open a new apparel factory in the Choloma area of Honduras following university boycotts in the US and UK.

US: Sales slump at Berkshire Hathaway’s apparel unit Leonie Barrie | 10 Nov 09

The slowdown in consumer spending has hit sales at Fruit of the Loom, the apparel business controlled by billionaire Warren Buffett’s Berkshire Hathaway Inc, the company said last week.

SOURCING: Marginal suppliers need a radical re-think | 21 Aug 09

In the current recession, factory owners are transferring business away from their marginal suppliers to their core operations, creating a major problem in countries where the garment sector is a lifeline. To survive and prosper in difficult times, these industries must radically change the way they work, who they work for, and what they produce, believes David Birnbaum.

US: Fruit of the Loom to cut jobs - reports | 10 Aug 09

Nearly 280 Fruit of the Loom apparel workers in Alabama are to lose their jobs after the company decided to relocate to its corporate headquarters in Bowling Green Kentucky.

UK: Russell Europe to close distribution plant – reports | 18 Jun 09

Clothing company Russell Europe is to close a distribution centre in the UK as part of a global review of its operations, according to local reports.

US: Broder Bros widens Q1 loss on costs, lower sales | 29 May 09

Activewear distributor Broder Bros Co has widened its first quarter loss thanks to restructuring charges, lower sales across all its divisions and a shrinking of the imprintable activewear market due to the economic downturn.

US: Broder Bros manages to stave off bankruptcy | 21 May 09

Activewear distributor Broder Bros Co has managed to stave off bankruptcy by refinancing 91.75% of its outstanding debt – but warned it is still an option if the deal does not go through.

US: Broder Bros explores financing and strategic options | 5 Mar 09

Activewear distributor Broder Bros has hired an investment bank to help explore financing and strategic options for its long-term capital structure.

Emerging markets buoy global lingerie sector | 12 Jan 09

Faced with slowing sales in Western markets, lingerie firms are increasingly focusing on emerging markets like Russia and Asia for growth. According to new research, both China and India are likely to see a double digit hike in lingerie sales over the next three years.

US: Russell Corp to lay off 450 workers | 6 Jun 08

T-shirt and sweatshirt maker Russell Corporation is lay off more than half of the 800 workers at its Coosa River Plant in Wetumpka, according to local news reports this week.

US: Fruit of the Loom unit shifting distribution? | 14 Dec 07

Vanity Fair Brands, a subsidiary of Fuit of the Loom, is planning to bring 200 jobs to its Monroeville plant, say local reports.

US: Fruit of the Loom to close Honduras plant | 20 Sep 07

Fruit of the Loom is to close its Jerzees de Choloma facility in Central America, which employs 800 people.

INTERVIEW: Harry Debes, president, CEO and director, Lawson Software | 23 Aug 07

Harry Debes’ first year as CEO of Lawson Software was dominated by the company’s merger with Intentia International, in early 2006. Now, 15 months after the deal’s completion, he tells just-style how the firm is leveraging its strength in the fashion sector with some exciting new ERP software developments, to help companies reduce lead times and improve delivery performance.

US: Marvel signs children’s wear deal with Fruit of the Loom | 18 Jun 07

Marvel’s comic book characters are to appear on a wider range of apparel and footwear products as a result of new licensing agreements signed with Fruit of the Loom and Crocs, and an expanded deal with Kids Headquarters.

US: VF Corp logs strong Q1 and raises guidance | 25 Apr 07

Shrugging off weakness in its sportswear coalition, VF Corp Tuesday (24 April) closed the books on a strong first quarter and raised its guidance for the current second quarter.

US: VF buys North Face in China, closes $350m intimates sale | 3 Apr 07

VF Corp’s stock hit a 52-week high on Monday (2 April) after the company took the license for The North Face brand in China in-house and closed the divestiture of its intimate apparel unit to Fruit of the Loom.

US: Intimates sale lowers VF Q4 net by 14.8% | 7 Feb 07

A nearly US$37m loss on the sale of its intimate apparel business to Fruit of the Loom lowered VF Corporation’s fourth-quarter net income below last year’s.

US: VF Corp buys travel gear supplier Eagle Creek | 30 Jan 07

VF Corp has added another trophy to its outdoor mantel. The Greensboro, North Carolina-based jeans and sportswear maker said Monday (29 January) that it had completed its acquisition of adventure travel gear supplier Eagle Creek. Terms weren’t disclosed.

US: VF to sell Intimates to Fruit of the Loom | 23 Jan 07

Apparel maker VF Corp is to sell its intimate apparel business for US$350m to Berkshire Hathaway unit Fruit of the Loom as part of its strategy to streamline its operations.

Egyptian QIZs boost apparel exports to the US | 13 Dec 06

Apparel exports to the US from Egyptian qualified industrial zones are soaring, manufacturing investments are on the up, and retailers and importers are putting more business into the country. Jozef De Coster reports on one of the industry’s recent success stories.

US: Former Fruit of the Loom executive facing fraud charges | 19 Sep 06

US: Former Fruit of the Loom executive facing fraud charges

ISRAEL: Delta Galil names Witthuhn as new US CEO | 19 Sep 06

Clothing manufacturer Delta Galil has named Tom Witthuhn as the new CEO of Delta Galil USA, replacing David Kostman in the role.

US: Berkshire Hathaway completes acquisition of Russell Corp | 3 Aug 06

The sale of Russell Corporation to Fruit of the Loom Inc, a subsidiary of Berkshire Hathaway, was completed on Wednesday (2 August) after being overwhelmingly approved by shareholders.

MOROCCO: Two textile-making projects take shape in Skhirat | 19 Jul 06

Italian company Legler, which supplies denim fabric for jeans manufacture, is building spinning and weaving facilties in Skhirat, in Morocco.

IRELAND: Fruit of the Loom stops production at Buncrana plant | 19 May 06

Apparel maker Fruit of the Loom has shut down production at its plant in Buncrana, Ireland, a week ahead of schedule.

US: Fruit of the Loom to pay for lying to analysts | 22 Mar 06

Up to 28,000 Fruit of the Loom shareholders are in for a windfall after a federal judge approved two class-action settlements against the company.

UK: Fruit of the Loom to shut plant on 26 May | 17 Feb 06

Clothing manufacturer Fruit of the Loom said it will stop all operations at its Irish production plant in Buncrana in Co Donegal on 26 May, The Irish Times reported.




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