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Coats Footwear France Team

Coats Footwear France solidifies business integration

Coats Footwear announced that its two French operating entities, Rhenoflex France and Texon France are merging to create a new combined business that will be known as Coats Footwear France.

Effective from July 1, 2024, this change is a key final step in the creation of Coats Footwear France, underscoring Coats’ ongoing commitment to enhancing its products and services.

While the creation of Coats Footwear France is predominantly a legal change, there will be clear benefits for the company’s customers, suppliers and partners.

With associates now working for a single business entity, Coats Footwear France will be able to:

  • Further streamline day-to-day activities and decision-making
  • Leverage synergies across its operations and supply chain
  • Enhanced communication as one cohesive team dedicated to serving customers
  • Operate faster and more efficiently – to better serve customers
  • Simplify financial reporting and compliance on regulatory matters

Robert Grueneberg, President at Coats Footwear France, said: “We are pleased to announce the formation of Coats Footwear France. This important legal step represents a significant milestone for the Coats Footwear team. Combining our strengths legally, to create a single robust foundation for sustainable growth, will enable us to drive innovation, expand our reach and ultimately better serve our customers, suppliers and partners.”

Coats Footwear is a global leader in footwear and lifestyle solutions, offering best-quality and high-performance threads and components with a focus on innovation and sustainability. The business works with most of the world’s leading footwear and lifestyle brands and has an unparalleled range of more than 450 products – from heel counters to toe puffs and everything in between including cellulose solutions, reinforcement components and threads.

ENDS

For more information, please contact:

Coats Press Office
communications@coats.com

Notes to Editors

About Coats Group plc

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment. Headquartered in the UK, Coats is a FTSE250 company and a FTSE4Good Index constituent. Revenues in 2023 were $1.4bn.

Trusted by the world’s leading companies to deliver vital, innovative, and sustainable solutions, Coats provides value-adding products, including apparel, accessory and footwear threads, structural components for footwear and accessories, fabrics, yarns, and software applications. Customer partners include companies from the apparel, footwear, automotive, telecoms, personal protection, and outdoor goods industries.

With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, Coats has operations across some 50 countries with a permanent workforce of more than 15,000, serving its customers worldwide.

Coats connects talent, textiles, and technology, to make a better and more sustainable world. Worldwide, there are four dedicated Coats Innovation and Sustainability Hubs, where experts collaborate with partners to create the materials and products of tomorrow. It participates in the UN Global Compact and is committed to Science Based sustainability targets for 2030 and beyond, with a goal of achieving net-zero by 2050. Coats is also committed to achieving its goals in Diversity, Equity & Inclusion, workplace health & safety, employee & community wellbeing, and supplier social performance.