Double Digit Growth in Tax Refunded Sales Establishes the Chic Outlet Shopping(R) Villages in Europe as Retail's Most Sustainable BlueprintLONDON, November 26 - Value Retail's unique retail blueprint, the Collection of 9 coldblack(R) Wins Textile Design Award 2009Schoeller Technologies Awarded for Research and Developments in the Textile Industry Thomas Pink to Sponsor Leading Rider and Trainer Awards at The Open and The FestivalLONDON - - With Photo Cheltenham Racecourse today announced that leading international luxury shirt brand Thomas Pink is to sponsor the prestigious awards for the top jockey and trainer at both The Open in November and The Festival in March. The Thomas Pink Leading Rider Award and Thomas Pink Leading Trainer Award will be presented at both of Cheltenham’s biggest meetings to the jockey and trainer who win the most races, with the number of second, third and fourth places being taken into account if necessary. NIGHTBRA, the First Anti-Wrinkle Bra, Branded and Patented in Spain in 2000, is Now Being ImitatedSANTA CRUZ DE TENERIFE, Spain - After the publication yesterday of a widely distributed press release referring to a Dutch company as the supposed inventor of an “innovative” anti-wrinkle bra for the lower neck in 2008, MENDEZ CHAIN-NIGHTBRA would like to put on record that: Mohawk Industries, Inc. Announces Wellborn Appointed President and COOCALHOUN, Georgia - Mohawk Industries, Inc., (NYSE: MHK) today announced the appointment of W. Christopher Wellborn to President and COO of Mohawk. Mr. Wellborn has held the position of Chief Operating Officer since November 2005 and served on Mohawk’s board of directors since 2002. Mr. Wellborn held the position of President of Dal-Tile, our ceramic and stone products business, from March 2002 to November 2005. Anti-wrinkle Bra Sets Foot Into EuropeABCOUDE, Netherlands - - La Decollette Launches Successful Invention in Several European Countries Fan Forming Ties of AffectionBEIJING - – The 2010 NE.TIGER Hua Fu Collection Fashion Show On the evening of Nov. 2, 2009, global fashion circles’ attention will focus at the Golden Hall of the Beijing Hotel, where NE.TIGER, China’s leading luxury brand, raises the curtain on China Fashion Week for the eighth successive year as the opening show. Protective Equipment Suppliers Can Expect Growth in Emerging African Markets, Finds Frost & SullivanCAPE TOWN, South Africa - Managing product cost fluctuations, competition from low-cost imports and increased labour costs are common challenges for all suppliers of consumable products in South Africa. For many protective equipment suppliers, however, these challenges are outweighed by sustained activity in the construction and mining industries. EAP Exhibits at Intertextile Shanghai Apparel Fabrics 2009SHANGHAI - Intertextile Shanghai Apparel Fabrics 2009, one of the largest shows of its kind in China will be held in Shanghai New International Expo Center on 21 - 23 October where manufacturers, suppliers, retailers and trade buyers can meet and network under one roof. Antonio Maciel Neto of Suzano Wins Nomination for RISI’s 2009 Latin American CEO of the YearSAO PAULO - RISI, the leading information provider for the global forest products industry, today announced that Suzano’s Chief Executive Officer, Antonio Maciel Neto, has been selected as Latin American CEO of the Year for 2009. The 2010 Bride has Real ChoiceHARROGATE, England - The huge British Bridal Exhibition in Harrogate earlier this month pulled in buyers from across the world who were there to spend serious money on the top bridalwear, men’s formalwear and wedding accessories collections. More than 300 ranges for 2010 and beyond were on show and business, according to exhibitors, was nothing short of amazing, with many claiming to have taken more orders and of a higher value in the first day than in the whole of any previous three-day shows. VANCL.com Evolves into Industry Leader Following Two Years of SuccessBEIJING - - Huge Potential Enjoyed by China’s B2C Clothing Industry Seen as Key to Company’s Growth New RISI Report Provides New Statistics for Recovered Paper, Pulp, Paper and Board for Over 170 CountriesBOSTON - RISI, the leading information provider for the global forest products industry, today announced the publication of the New Annual Review of Global Pulp and Paper Statistics. This new release includes two years of historical data for fiber, paper and board production, imports, exports and apparent consumption by region and country. The NEW Annual Review has been crosschecked and standardized by RISI economists, ensuring more balanced, and harmonized data than in previous editions. The 2009 Edition is consistent, easily comparable and more reliable than ever before. Iconic Lingerie - Hilary Swank, Franca Sozzani, Qi Qi, Giovanni Gastel, Wichy Hassan and Jan Rosenberg Nominate the Winner of the Triumph Inspiration Award 2009MILAN - - James Nolan, 20, Great Britain With the Design “Odette and Odile” is the Winner of International Lingerie Design Award Corning Cable Systems to Highlight Leadership in Data Centre Applications at the Corning Data Centre Seminar in EindhovenBERLIN - - Seminar attendees to get first-hand experience with LANscape(R) Pretium(R) EDGE Solutions Burberry Closes London Fashion WeekLONDON - Burberry closed London Fashion Week tonight with the showing of its Burberry Prorsum Womenswear Spring Summer 2010 collection. Musuc’Bag Kids - Children’s Sleeping Bag With Arms and Legs for Kids at UrbanJacksLONDON - - With Photo The Selk’Bag is a sleeping bag with arms and legs. It features zips on the hands, ventilation zips on the legs and canvas on the feet to allow for durability. RISI Announces New Leadership for Lumber, Wood Panels and Timber Forecasting ServicesBOSTON - Release Highlights: - Bob Berg returns to head up Lumber Practice - Bernard Fuller to assume lead of Wood Panels Practice - Peter Barynin rejoins to run Timber Practice ‘Lightning’ Bolt Strikes Again at 12th IAAF World Championships In Athletics in Berlin, Breaking His Own World RecordBERLIN - Three-time Jamaican Olympic gold medalist and PUMA athlete Usain ‘Lightning’ Bolt shattered his own world record and delivered a stunning first place finish in the 100m on Sunday night at the Olympic Stadium in Berlin, cementing his title as the “Fastest Man in the World”. The clear favorite, Bolt surged ahead of his components and clocked the fastest time ever recorded for the 100m race, 9.58 seconds. He edged out rivals Tyson Gay and Asafa Powell, shattering his previous record of 9.69 seconds set at the Beijing Summer Olympic Games in 2008. The Jamaican sprinter raced to victory in his custom-designed Theseus Pro sprint spike, dubbed the PUMA YAAM, now considered the fastest shoes in the world. GST Reaches Agreement with Senior Lenders on Restructuring Plan; Files Plan of ReorganizationGREENSBORO, North Carolina - Global Safety Textiles LLC (”GST”) today announced that it has reached an agreement with a majority of its senior lenders to successfully restructure the Company’s obligations and has filed a Plan of Reorganization with the Bankruptcy Court. Under the Plan of Reorganization, the senior lenders would receive 100% of the equity interest and long-term debt in the reorganized GST Group. Ferring Donates US$3 Million to the Royal Textile Academy of BhutanSAINT PREX, Switzerland - Frederik Paulsen, Chairman of Ferring Pharmaceuticals, a pharmaceutical company with presence in all major European markets and in the US, announced a US$3 million donation to the Royal Textile Academy of Bhutan. This money will be used to fund the creation and development of a new cultural centre in the Bhutanese capital of Thimphu. Mohawk Industries, Inc. Announces Second Quarter EarningsCALHOUN, Georgia - Mohawk Industries, Inc. (NYSE: MHK) today announced 2009 second quarter net earnings of US$46 million and diluted earnings per share (EPS) of US$0.67. Operating income for the second quarter was US$75 million. A restructuring charge of US$12 million was recorded in the quarter primarily due to the closure of a European laminate facility. Excluding the restructuring charge, operating income was US$87 million and EPS was US$0.79. In the second quarter of 2008, net earnings and EPS were US$89 million and US$1.29 per share, respectively. Net sales for the quarter were US$1,406 million, a decrease of 24% (22% on a constant exchange rate) from 2008. The company generated cash flow from operations of US$228 million. We strengthened our balance sheet, by generating over US$200 million in free cash flow, paying US$122 million of debt and investing US$26 million in capital expenditures. We ended the period with a balance of over US$225 million in cash. The results benefited from aggressively driving costs down, improving working capital, tighter control over capital expenditures and an intense focus on customers. Seawings Soars on 2009 Stay-at-Home Holiday TrendDUBAI, United Arab Emirates - It is estimated that approximately one in three UAE residents will spend their summer holidays in the country in 2009 compared with one in 10 in the previous three years as cheaper deals keep residents at home. As a result, Seawings, the only seaplane tour operator in the Middle East, sees a spike in local interest in their scenic flights of the region. Canton Fair: Where Business is Being DoneGUANGZHOU, China - An experienced entrepreneur will see business opportunities everywhere, be it a way to provide a good just a little bit cheaper, or a way to give more people access to something they didn’t previously have access to, what matters is being in the right place at the right time; where business is being done and opportunities are being made. The Canton Fair provides this exact convenience by putting visitors at the center of the world’s manufacturing. From the Visa application process to the actual event, Canton Fair takes its visitors right there to where the action is. Spyder Active Sports Names New CEO, CFOBOULDER, Colorado - Ski and performance apparel leader Spyder Active Sports, Inc. today announced that Thomas McGann has been named the company’s new Chief Executive Officer. McGann comes to Spyder Active Sports, also the parent company for Cloudveil Mountain Works, with decades of executive experience, including serving as President of Burton and CEO of Motorsport Aftermarket Group. McGann will be responsible for ensuring profitable growth and maximizing operating performance. Canton Fair: Everything You Need, as Fast as You Need ItGUANGZHOU, China - With the 106th Canton Fair fast approaching and our customers busy planning on how to sell their products over the holiday season, the China Foreign Trade Centre is working to make the planning of their trip to Guangzhou to buy supplies as quick and easy as possible. To better serve buyers and sellers who operate in multiple categories of goods, the organizer of Canton Fair announced that the gaps between exhibition times have been shortened to 3 days. CSA Group Increases Global Certification and Testing Capabilities With Acquisition of UK-Based SIRATORONTO - - A European-based World Leader in the Hazardous Locations Testing Business TORONTO, July 3 /PRNewswire/ – Gerresheimer Sells Technical Plastics BusinessDUSSELDORF, Germany - Gerresheimer AG, a leading manufacturer of glass and plastic products for the pharma & life science industry, has sold its Technical Plastics operations, which are not part of the MDAX company’s core business, to the FBH Group, Bad Soden, Germany. “Through the sale of the Technical Plastics segment Gerresheimer has - as formerly announced - taken a further step in its focus on the core business of pharma & life science,” says Dr. Axel Herberg, CEO of Gerresheimer AG. New Avery Dennison Video Demonstrates How Item-Level RFID at American Apparel(R) Helped Achieve 99% Inventory Accuracy and a 14% Sales IncreaseFRAMINGHAM, Massachusetts - A new video that guides viewers through the innermost operations of American Apparel’s item-level RFID inventory management system can now be accessed by apparel, retail and RFID professionals at www.ibmd.averydennison.com/american-apparel The REPREVE(R) Recycled Fiber Family Just Keeps GrowingGREENSBORO, North Carolina - REPREVE now available with 100% Post-Consumer PET Bottles Unifi, Inc. (NYSE: UFI) continues to grow its family of REPREVE recycled products with the introduction of a new fiber made from 100% post-consumer PET bottles. The new addition offers a 100% post-consumer option to the brand’s well known 100% hybrid blend, which combines pre-consumer and post-consumer content. Saxony-Anhalt: Perfect Scores for the Investment ClimateBERLIN - An international investor conference took place in Saxony-Anhalt’s State Government Buildings in Berlin. Prime Minister, Prof. Dr. Wolfgang Bohmer and the Minister for Economic Affairs, Dr. Reiner Haseloff, were able to welcome more than 220 guests. RMB 550 Million (US$81 Million) Strategic Investment by TPG Capital in Daphne InternationalHONG KONG - Daphne International Holdings Limited (HKSE: 210, “Daphne” or “the Company”), the owner of the “Daphne” and “Shoebox” brands and a leading retailer of ladies’ footwear in the PRC, announced today that the Company has entered into an agreement with TPG Capital (”TPG”), under which TPG will make a strategic investment in Daphne through the subscription of RMB 550 million convertible bonds with warrants. Marks & Spencer - Results Interview With ChairmanLONDON - In a video interview M&S Chairman Stuart Rose looks at the UK retailer’s results for the 52 weeks ended 28 March 2009. He discusses current trading, performances in the group’s Food and General Merchandise businesses, International and Online operations, the 20:20 change programme plus outlook. Mohawk Industries, Inc. Announces First Quarter ResultsCALHOUN, Georgia - Mohawk Industries, Inc. (NYSE: MHK) today announced 2009 first quarter sales of US$1,208 million, a decrease of 30% from 2008, which includes two fewer days or 3% less than last year. We had an operating loss of US$146 million in the quarter. A charge of US$122 million was recorded for a discontinued carpet tile backing which included a US$110 million sales allowance and a US$12 million inventory reserve. Sales declined 20% excluding the sales allowance on a constant exchange rate with comparable days. Operating income was US$42 million excluding the carpet tile charge, a US$62 million FIFO inventory flow through and a US$4 million restructuring cost. Our loss in the first quarter was US$1.55 per share or US$106 million. Based on the current business environment, all segments anticipate positive operating income in the second quarter. Etam Swimsuit Collection Summer 2009PARIS - Etam’s swimsuit collection for Summer 09 is a modern interpretation of the eternal feminine. |
