Industrial thread manufacturer Coats Group (LON: COA) has acquired Texon International Group for an enterprise value of $237m. This will increase the group’s presence in the Athleisure footwear sector. Hong Kong-based Texon has facilities in Asia and Europe and previously had a private equity owner. It supplies insoles, heel counters, uppers and linings for footwear […]

The post Coats buys footwear components supplier Texon appeared first on UK Investor Magazine.

Amazon (NASDAQ:AMZN) have confirmed yesterday that two employees in Milan have caught the coronavirus. The two employees who have tested positive for COVID-19, have been placed under quarantine, Amazon added. 2020 has not exactly been the best start to the decade for global business and trading. The ongoing saga of the coronavirus still continues to […]

The post Amazon report two cases of coronavirus in Milan appeared first on UK Investor Magazine.

Full year results from foams manufacturer Zotefoams show the early benefits of the contract to supply high performance foam materials to Nike for some of its sports shoe ranges. There are growth prospects across the Zotefoams product range, and this should ensure significantly increasing profit over the next few years. Nike is rolling out a […]

The post Nike boost for Zotefoams and more to come appeared first on UK Investor Magazine.