Overview

• Artistic Milliners is acquiring a majority stake in Cone Denim from Elevate Textiles, with the combined company operating under the Cone Denim name.
• Closing is targeted for the first quarter of 2026, and Artistic Milliners’ Pakistan operations will continue to run independently.
• Cone Denim will retain mills in Parras and Yecapixtla, Mexico, and Jiaxing, China, and will also operate AM Mexico and the Star Fades International facility in Los Angeles.
• Cone Denim president Steve Maggard will lead the new entity, reporting to a board that includes Omer Ahmed, Murtaza Ahmed, and Jeffrey P. Pritchett.
• The company plans fully vertical, end-to-end capabilities with customer continuity, signaling potential U.S. production return and expansion into North Africa.