Invista has announced that it is exploring alternatives for its Apparel & Advanced Textiles business. The company might either sell it or retain it and further invest in the business from within. Goldman Sachs is assisting the company in exploring strategic alternatives. Details about the exploration process are not being unveiled. Invista Apparel & Advanced Textiles is a global maker and marketer of premium fibers and fabrics, and is comprised of the Lycra and Coolmax brands, among others. Its technologies for nylon, polyester and spandex are used to produce clothing and other everyday products. Invista is a wholly-owned subsidiary of Koch Industries.
Related articles
-
ArticleSnowleader raises €15 million
Thomas Roualt, founder and CEO, has announced on his LinkedIn page that Snowleader has raised €15 million in a fourth round of financing in 15 years (the company turned 15 years old last year). According to Fusacq and others, half of the funds stem from equity capital and half from ...
-
ArticleNew CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business
US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...