GPG says Coats third-quarter sales rise 7 percent, awaits regulator decision on pensions review

Thu, 14 Nov 2013

By Tina Morrison Nov. 15 (BusinessDesk) – Guinness Peat Group, which has exited more than 50 investments to focus on UK threadmaker Coats, said third-quarter sales for the textile company rose 7 percent in constant currency terms. Sales at the company’s industrial division rose 7 percent in constant currency terms even as it faced softer demand from Latin America, while the crafts division increased sales 5 percent, GPG said in a statement. Including the impact of currency movements, group sales rose 4 percent from a year earlier, the company...

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