International Textile Group news and archive

Invista acquires Cone Denim's dual core patent portfolio

Invista, owners of the Lycra brand, along with Cone Denim and its parent company, International Textile Group, has announced that it is to acquire all of Cone Denim’s and ITG’s dual core patent portfolio. The patent portfolio estate covers a broad variety of dual core yarns, fabrics, and garments made from those fabrics, which are sold in the...

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Platinum Equity buys International Textile for 99 million dollars

Platinum Equity has bought International Textile Group, which owns iconic Greensboro companies Cone Denim and Burlington, from a buyout firm controlled by Wilbur Ross. Platinum Equity has acquired International Textile’s shares and debt for 99 million dollars, according to a Securities Exchange Commission document. ITG spokeswoman Delores Sides...