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

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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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