BNET Industries
Last Fiscal Year Sales:$300.0M
- Private
Dow Jones Description
Established in Greensboro, North Carolina in 1891 by brothers Moses and Ceasar Cone, Cone Denim has been a leading supplier of fabric to top denim apparel brands for over 100 years. Throughout the century, Cone Denim has been synonymous with authenticity and innovation. Today, the same entrepreneurial spirit, expertise and advanced capability continues to service and inspire the global market. Cone Denim currently operates in the U.S., Mexico and Turkey with expansion initiatives underway in China and Nicaragua.
President
John BakaneNumber of Employees 2,999
Contact Information
Peer Companies
NAICS Code Broadwoven Fabric Mills: 313210
News & Analysis
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cone mills corp. - All News and Analysis
OBITUARIES: CONE MILLS' MYRON SILVERSTEIN...ANDY AVELLO, 52.(Cone Mills Corp. Cone Mills Marketing Co., Inghirami)(Brief Article)(Obituary)
Cone Mills' Myron Silverstein NEW YORK -- Myron Silverstein, a 43-year veteran of Cone Mills who rose to executive vice-president, died last Tuesday at Greenwich Hospital in Connecticut. He was 76. The cause of death was cancer, according...
Cone Mills.(WESTERN)(Brief Article)
CLIFFSIDE -- Rutherford County will lose 425 jobs when Cone Mills finishes reducing employment at one mill and moving jobs from another to Reidsville. Cone is cutting 215 of about 435 jobs at its denim plant and relocating all 210 positions at its jacquard plant. Company officials,...
Fixer, The
When Joe Gorga was growing up in Paterson, N.J., his father managed a plant that supplied fabric to clothing makers in New York City's garment district. The boy started work there at 13, sweeping floors. Later, he began delivering samples to customers and watched fickle buyers reject cloth that looked...
ITG FINALIZES BURLINGTON, CONE MILLS ADDITIONS.(International Textile Group.)
GREENSBORO, N.C.-W.L. Ross & Co., the firm owned by Wilbur Ross, said it has completed the integration of Burlington Industries and Cone Mills into the newly formed International Textile Group. "Since March we have made tremendous progress in leveraging the strengths and synergies...
Cone Mills.(Cone Mills adds staff)(Brief Article)
CLIFFSIDE -- Cone Mills added about 120 jobs at its weaving plant here. Most were filled by Cone workers laid off last year.
ITG's Cone Mills Announces Plans for 30 Million-Yard Guatemala Denim Plant
Business Editors GREENSBORO, N.C.--BUSINESS WIRE--May 13, 2004 International Textile Group ("ITG"), subsidiary Cone Mills, announced today plans for a 30 million yard denim plant in Guatemala. Cone Mills is already the largest denim provider in the world, with plants in the US and Mexico and joint ventures...
ROSS COMBINES BURLINGTON, CONE MILLS INTO $900M ITG.
NEW YORK-Investor Wilbur L. Ross christened his second conglomerate last week. During a news conference in Greensboro, N.C., Ross said he was merging Burlington Industries and Cone Mills into a new entity called International Textile Group. Ross said the...
ROSS'S STRATEGY: A BRANDING BLITZ FOR TEXTILE FIRMS.
ATLANTA -- Wilbur L. Ross has big plans for his new, international textile powerhouse, aptly named International Textile Group ITG, that include making Burlington and Cone recognizable consumer brand names and swimming against the tide to grow ITG in a post-Jan. 1, 2005, no-quota...
Burlington and Cone gel to form ITG.
NEW YORK -- International Textile Group ITG has been formed by the combination of Burlington Industries with the acquisition this month of Cone Mills by Wilbur L. Ross. The combined companies have revenues of $900 million. At the same time, Ross announced...
Burlington Industries Merges with Cone Mills to Form Competitive Textile Firm.
By Richard Craver, Winston-Salem Journal, N.C. Knight Ridder/Tribune Business News Mar. 18--Wilbur Ross made it official yesterday that he has merged Burlington Industries Inc. and Cone Mills Corp. to form what he believes will be a competitive global textile manufacturer. ...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| John Bakane | President |
| Mark D. Collins | |
| Thomas McKenna | Marketing Executive |
| Organization | Position | Status |
|---|---|---|
| Cone Mills Corporation | President | Current |
Mark D. Collins is a director of Richards, Layton & Finger, where he is Chair of the firm's Restructuring & Bankruptcy Group. Mr. Collins concentrates his practice in the areas of bankruptcy, insolvency and creditors' rights, with particular experience representing debtors, institutional lenders, creditors' committees and acquirers in national Chapter 11 cases. Mr. Collins has served as counsel to numerous chapter 11 debtors, with recent representations including Teleglobe Communications Corporation, Tower Records, FAO Inc. and Armstrong World Industries. Mr. Collins also has an active secured lender practice, with recent representations including the senior lenders in Federal-Mogul Corporation, Thaxton Industries, Cone Mills Corporation and Owens Corning.
| Organization | Position | Status |
|---|---|---|
| Cone Mills Corporation | Current | |
| Owens Corning | Current | |
| Federal-Mogul Corporation | Current | |
| Richards, Layton & Finger | Director | Current |
| Tower Records | Former |
| Organization | Position | Status |
|---|---|---|
| Cone Mills Corporation | Marketing Executive | Current |
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