Lycra exits Chapter 11 with overhaul

WILMINGTON – US-based fibre specialist The Lycra Company emerged from Chapter 11 protection on 20th May after completing a court-supervised financial restructuring that cuts more than US$1.2bn of long-term debt.

However, with cost and risk now under closer scrutiny at both brand and mill level, sourcing executives will be watching how the new owners balance balance-sheet repair with continued funding for innovation and sustainability programmes across Lycra’s global manufacturing footprint.