A global denim company is buying a majority stake in Greensboro-based Cone Denim from Elevate Textiles.
The new multi-national company will operate under the Cone Denim name as a standalone within Artistic Milliners, which operates more than a dozen facilities in Pakistan with additional sourcing and manufacturing hubs in Mexico and Los Angeles.
The two former textile industry competitors hope to leverage Cone’s 134-year legacy, combined with Artistic Milliners’ global portfolio, including U.S. manufacturing…