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  September 5, 2001
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Home > Company Index > Manufacturing > Textile Manufacturing > Coats Plc

Coats Plc
 PROFILE
Coats Viyella has stripped down to just its Coats. The company ran two main businesses: Coats (industrial and craft thread) and Viyella (branded clothing and home furnishings). The company has divested most of it Viyella division, keeping only two retail fashion brands: Jaeger and former namesake Viyella. Most of the company's sales now come from what comprised its Coats division; hence, the name change to Coats. Coats has about 22% of the world market for thread. Its industrial thread is used in clothing, shoes, and automobile upholstery. Europe and North America account for most of Coats' sales (60% and 20%, respectively). Maverick investor Lord Rothschild owns 18% of the company.

 COMPETITION
Burlington Industries, Inc. (BUR)
Springs Industries, Inc. (SMI)
Toyobo Co., Ltd. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,382.50
1-Yr. Sales Growth: (12.2)%
Employees: 49,946
Revenue per employee: $47,701.52

 KEY PEOPLE
• Martin Flower
    CEO
• Jonathan Lea
    CFO

 CONTACT INFO
2 Fouberts' Place
London W1V 1HH, United Kingdom
Phone: 44-20-7302-2300
Fax: 44-20-7302-2340
Online: Web Site

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