A denim manufacturer based in Pakistan, Artistic Milliners has acquired a majority stake in the iconic American denim company, Cone Denim from its parent company, Elevate Textiles.
The new combined entity will operate globally under the Cone Denim brand name, while Artistic Milliners' operations in Pakistan will continue to function independently. This acquisition is seen as a way to create a global powerhouse in the denim industry, combining Cone Denim's long-standing heritage with Artistic Milliners' innovation and global manufacturing network.
Steve Maggard, President, Cone Denim, will lead the new entity. The deal is expected to be finalized in Q1, FY26. This acquisition will allow the newly restructured Cone Denim to offer a ‘fully vertical, end-to-end’ solution, providing everything from premium denim fabric to finished garments. It will also expand its global footprint, with operations in North America, Asia, and potentially North Africa. Additionally, there are plans to revive US production capabilities.
