The new multi-national company will operate under the Cone Denim name while Artistic Milliners' Pakistan operations and business will continue to operate independently.
The new entity will operate a global platform spanning both hemispheres and will be comprised of a combination of selected assets from each organisation. 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 centre in Los Angeles.
Cone Denim will offer fully vertical, end-to-end solutions – ranging from premium denim fabric to expertly finished garments. "We are committed to bringing the full breadth of our expertise to help unlock Cone's 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," said Murtaza Ahmed and Omer Ahmed of Artistic Milliners in a joint statement.
“Cone Denim's distinctive position as the iconic American manufacturer joins Artistic Milliners' global portfolio, creating an international organisation 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."
Cone Denim will continue to operate as a standalone portfolio company under Artistic Milliners.
Jeffrey P. Pritchett, CEO and member of the board of directors, Elevate Textiles added: "We 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 recognised 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."
