Cotton company news »
Low cotton prices, higher sales boost Gildan’s profit
May 2(Reuters) – Canadian apparel maker Gildan Activewear Inc reported a higher second-quarter profit, helped by lower cotton prices and higher sales across its printwear and branded businesses. The company’s net profit rose to $72.3 million,
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India: Cotton Corp to release stocksin domestic market soon
NEW DELHI, MARCH 20: Government-owned Cotton Corporation of India will release in the domestic market the cotton stock it holds, Commerce and Industry Minister Anand Sharma has said. The Minister, however, did not specify
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M&S to up cotton sourcing from India over 12-fold in three years
NEW DELHI, OCTOBER 3: The UK-based retail chain Marks & Spencer plans to hike over 12-fold its cotton sourcing from India in three years to 64,000 metric tonnes. This will be equivalent to its
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JPMorgan to pay $600,000 for cotton position violations
By Alexandra Alper WASHINGTON (Reuters) – JPMorgan Chase Bank NA agreed to pay $600,000 to settle charges it violated cotton futures position limits, the U.S. Commodity Futures Trading Commission said on Thursday. According to
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Exclusive: Top cotton trader Allenberg loses second in command
NEW YORK (Reuters) - Anthony Tancredi, president of Allenberg Cotton, has left the world’s largestcotton merchant after 27 years, an unexpected departure that traders said indicated last year’s market turmoil is still reverberating through the industry. Tancredi,
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Greaves Cotton Q1 net slips 9.37 pc at Rs 32 crore
Mumbai, Jul 30 (PTI) Engineering company Greaves Cotton today posted a 9.37 per cent decline in net profit for the first quarter ended June 30 at Rs 32 crore as against Rs 35 crore
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Textile machinery firm Rieter’s profit declines in H1
Rieter Group releases result for the first half of 2012. Higher order intake than in the second half of 2011 – lower sales, as expected – profitability reduced by lower volumes and the investment
Read More »Cordova cotton firm accused of market manipulation
Louis Dreyfus Commodities BV, and its Cordova-based cotton division, Allenberg Cotton Co., are targets of six federal lawsuits that accuse the companies of illegally manipulating the cotton market in 2011. Filed by traders in
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John Lewis boosts cotton farm projects over supply worries
The department store is aiming to invest at least £500,000 over the next three years in projects that will boost sustainability within its supply chain as well as education and employment projects. “We are
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India: Cotton Corporation of India procures 12.6 lakh quintal cotton in this season
NEW DELHI: The Cotton Corporation of India (CCI) has procured more than 12 lakh quintals of cotton in the current marketing year, Parliament was informed. Providing details of cotton procurement across the country to
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Namoi cotton’s debt woes easing
FINANCIALLY stretched Namoi Cotton has locked in another 12-month finance package with bankers ANZ and Rabobank and wants to have a joint venture partner on board by early 2013. The renewed facilities, which cover
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Gildan quarterly profit hurt by high cotton costs
May 3 (Reuters) – Clothing maker Gildan Activewear Inc reported a 56 percent drop in quarterly earningson Thursday on significantly higher cotton costs. Net income in the second quarter ended April 1 fell to $26.9
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Hanesbrands posts narrower-than-expected 1st-qtr loss
* Q1 loss/shr $0.27 vs est loss/shr $0.33 * Q1 rev $1.01 bln vs est $1 bln * Backs FY EPS $2.50-$2.60 vs est $2.52 * Shares up 2 percent in after-market trade April
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Cotton price takes its toll on H&M
STOCKHOLM — Fashion retailer Hennes & Mauritz AB said Thursday that it had been hit by the high price of cotton as it reported a 5 percent increase in earnings for the first quarter
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Greaves Cotton to mull special interim dividend on Mar 30
Greaves Cotton board will meet on March 30 to consider special interim dividend, reports CNBC-TV18. The share touched an intraday high of Rs 88.50 and an intraday low of Rs 82. At 14:52 hrs
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Charged Cotton chasing $450 million profit
As more and more Americans are working to become fit and healthy, one of the top athletic clothing companies – Under Armour – has been building a team to help improve its use of
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Ridgefield cotton company earns organic certification
A Ridgefield-based fabric company is now certified as organic by an international trade organization. While the company, founded in 1991, claims to be the first organic fabric business in the U.S., there wasn’t a
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Charged Cotton chasing $450 million profit
As more and more Americans are working to become fit and healthy, one of the top athletic clothing companies – Under Armour – has been building a team to help improve its use of
Read More »
Gildan reports second quarterly loss
Apparel manufacturer Gildan Activewear Inc. (GIL-T22.151.115.28%) lost $46.1-million (U.S.) in its fiscal first quarter, just the second such loss since it began as a publicly traded company in 1998. The Montreal-based concern had telegraphed
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High interest rates lower Greaves Cotton Q3 net 23%
CHENNAI, FEB. 6: Greaves Cotton Ltd has reported around 23 per cent drop in net profit at Rs 34 crore for the quarter ended December 31, 2011, against Rs 44 crore in the corresponding
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