Artistic Milliners Acquires Cone Denim

Core Insights - Artistic Milliners, a Pakistan-based denim manufacturer, has acquired a majority stake in Cone Denim, a U.S.-based denim mill, from Elevate Textiles, creating a multinational company under the Cone Denim name [1][2] - The acquisition is expected to close in the first quarter of 2026, with Cone Denim continuing to operate its existing facilities in Mexico and China independently [1][4] Group 1 - The new organization will leverage the combined infrastructure and expertise of both companies to enhance customer service and supply chain flexibility [2][7] - Cone Denim will provide fully vertical, end-to-end solutions, from premium denim fabric to finished garments, operating a global platform [3][5] - The leadership of Cone Denim will remain intact, with Steve Maggard continuing as president and reporting to a new Board of Directors [6] Group 2 - The collaboration aims to enhance Cone Denim's competitive strengths while preserving its unique identity and legacy of over 130 years [5][7] - Both companies share a commitment to innovation, traceability, and sustainability, positioning them as responsible and ethical manufacturers in the global market [7]