In the first four months of 2023, Coats suffered a 20 percent year-over-year decline in revenues, organically and at constant currency rates, largely due to continued widespread industry destocking affecting its Apparel and Footwear divisions. On a reported basis, group revenues were down by 12 percent.
Your membership benefits:
If you aren’t ready to subscribe now, choose the 30 day trial for 1€. To continue reading this article REGISTER NOW.