#Denim

2023-12-14

Kontoor Brands announces USD300 Million share repurchase program

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today reported that the Company’s Board of Directors has authorized a share repurchase program of up to $300 million of the Company’s common stock. The new repurchase authorization replaces the existing share repurchase program announced on August 5, 2021.

“Today’s announcement of a $300 million share repurchase program illustrates our enhanced capital allocation optionality and reflects the strong cash flow generation of our business, while underscoring Kontoor’s unrelenting focus on delivering superior Total Shareholder Return over time,” said Scott Baxter, President, Chief Executive Officer and Chair of Kontoor Brands.

The share repurchase program approved by the Company’s Board of Directors authorizes the repurchase of up to $300 million of the Company’s outstanding common stock.

The timing and amount of repurchases will be determined by the Company based on its evaluation of market conditions, continued compliance with its debt covenants and other factors. The program does not have an expiration date but may be suspended, modified or terminated at any time without prior notice. The Company expects to fund repurchases through cash flow generated from operations.

TENCEL™ Lyocell - HV100 achieves global denim availability in six months; Vol. 2 debuts at Kingpins Amsterdam

When TENCEL™ Lyocell - HV100 debuted at last year’s Kingpins Amsterdam in October, 17 mill partners across five countries presented fabrics featuring the new fiber. Just six months on, participation has more than doubled, evolving into a global network that spans nine countries and four continents, signaling both strong industry momentum and growing demand.

Archroma expands denim possibilities at Kingpins Amsterdam

Archroma, a global leader in specialty chemicals, will present a portfolio of six sustainable denim innovations at Kingpins Amsterdam from April 15-16, 2026. Under the theme “Creating Possibilities in Denim”, the showcase reflects Archroma’s commitment to giving brands and mills solutions that are as commercially compelling as they are environmentally responsible.

Kornit Digital acquires PrintFactory to accelerate the industry’s transition to digital, on-demand production

Kornit Digital Ltd. (“Kornit Digital”, “Kornit” or the “Company”), a global pioneer in sustainable, on-demand, digital fashion and textile production, today announced its acquisition of PrintFactory, a global Netherlands-based technology leader of cloud-native workflow, color management and production automation software. The acquisition represents a strategic step in Kornit’s mission to accelerate the digital transformation of the global fashion and textile industry.

Val:ue Milan unveiled – a curated boutique business hub for high-end apparel textiles

Messe Frankfurt continues to expand its international textile network with the announcement of Val:ue Milan. Moving beyond the traditional trade fair model, Val:ue Milan debuts as a prestigious, boutique-style business hub exclusively dedicated to elected fabrics and accessories for apparel. Taking place from February 3 to 5, 2027, at The Mall in Porta Nuova, the event breaks away from conventional formats through a strictly curated environment designed for strategic networking. By bridging the gap between high-end international manufacturers and top-tier segment buyers, Val:ue Milan further strengthens the Group’s global portfolio with a unique, high-impact concept built around a refined and carefully selected offering.

Closing completed – Mayer & Cie. Global starts business operations

The future of the Mayer & Cie. brand has been secured: Following the successful completion of the purchase agreement for assets in the circular knitting machinery segment of the German traditional company Mayer & Cie., which was signed in February this year, the brand will continue to exist. The transfer of these assets to the new owner, Xu Hongjie, was formally completed yesterday afternoon. This clears the way for the resumption of business operations at the Albstadt site.

Techtextil 2026 recognition for the UK’s FET

Fibre Extrusion Technology (FET) will receive the Techtextil 2026 New Production Technology Innovation Award at next week’s Techtextil in Frankfurt (April 21-24). The Leeds-based member of the British Textile Machinery Association (BTMA) has developed the FET-500, a new toxic solvent-free gel small scale system for the production of ultra-high-molecular-weight polyethylene (UHMWPE).