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Lenzing Cites Fiber Market’s ‘Broad Recovery’ Amid $3.28M Loss

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

The Lenzing Group suffered a net loss in the nine months through September and sales also declined, but the third quarter saw improvement. In a Nutshell: In the first three quarters of 2020, the Lenzing Group said it successfully responded to the extremely difficult market environment of increased pressure on prices and volume due to…

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