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If we just call a spade a spade it's closing because the entity (Platinum Equity) that bought International Textile Group (the owner of Cone) does not see a financial benefit in keeping it open vs. ridding or moving those operations elsewhere. This is a numbers game and the move was made to increase the IRR for investors in Platinum Equity. Like Tellason wrote the draper/selvedge looms at Cone made up a fraction of the total production and were not where the money was, it was/is in the modern projectile looms….. Those same looms can make the same denim for a fraction of the labor cost somewhere else. They don't even need to sell more if they're slashing costs and sustaining revenue the returns are trending in the right direction.
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There is little doubt in my mind that if Cone was it's own standalone entity and not part of a bigger conglomerate the factory would not be closing.
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If we just call a spade a spade it's closing because the entity (Platinum Equity) that bought International Textile Group (the owner of Cone) does not see a financial benefit in keeping it open vs. ridding or moving those operations elsewhere. This is a numbers game and the move was made to increase the IRR for investors in Platinum Equity. Like Tellason wrote the draper/selvedge looms at Cone made up a fraction of the total production and were not where the money was, it was/is in the modern projectile looms….. Those same looms can make the same denim for a fraction of the labor cost somewhere else. They don't even need to sell more if they're slashing costs and sustaining revenue the returns are trending in the right direction.
yep. Private equity firms, like Bain Capital for example, are notorious for buying companies that are in financial dire straights only to turn around and strip them down to nothing so that they can make a profit. I doubt ITG is any different.
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Big Shirt & Foreman ducks
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You guys think this is his final goodbye?
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You guys think this is his final goodbye?
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I believe that's a remake of RS00
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Gotcha - the whole “going places” stamp kind threw me off
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there's a post on his page saying these are a few odds n sods , only a few pair in limited sizes 31, 33, 35, 36.live around noon Saturday April 14.
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New SE collaboration will be out next week. I'm very curious about the fit. I wear my SF01s all the time. One "nicer" pair goes to work and my original pair still going strong when I do house projects or just bumming around. Might be time for some new Roys if the measurements look good.
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Original pair, SF01s
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^ WOW those Roy's look awesome [emoji41]
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@BloodnThunder @steelworker how did your Roy's Peanut pants end up working out for you?
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@Filthy I admittedly I have not given them as much love as they deserve, but I do really like them. They are a bit fuller cut than I typically wear (usually wear a slim jean with a taper) but it's fun to rotate them in for a different look. If you have never had a pair of Roy's and are thinking of snagging a pair I would definitely recommend doing so. There is no telling how much longer he'll be making jeans and I think a pair of Roy's is a necessity to have if you are a denim collector. For what it's worth the following are my pre and post soak measurements on the Peanuts. I believe they are the same or very similar cut to what Self Edge is releasing in a few days. The denim is the same so you can expect similar shrink results:
Soak was hot with a kettle full of boiling water to start, and after 30 minutes I refilled the tub with new hot water and added a new kettle of boiling water for another 30 mins. Hang dry. In short, the denim shrinks like crazy.
Pre-Soak:
Waist: 15"
Top Thigh: 12.75"
Knee: 9.5"
Hem: 8.5"Post-Soak (slightly damp)
Waist: 14"
Top thigh: 11"
Knee: 8.75:
Hem: 8"Peanut Pants as of a few weeks ago:
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They look great on you! Unless Roy starts making Ultra Heavy jeans, I'm afraid they are not for me. They are very well made though. I will give him that. I am keen on getting a Roy shirt some day though.
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Thanks! The shirts are equally well made. I have a few from him, and I have to say, I probably like them even more than the jeans.
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I have one of his shorts (the Portland) and it's awesome.
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@Filthy:
@BloodnThunder @steelworker how did your Roy's Peanut pants end up working out for you?
I love them @Filthy though like @BloodnThunder I haven't been wearing them since the weather turned. I think I have 4 pair of Roys and they're all just a bit different.
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I'd be pretty surprised if they didn't have all sizes available still when they go online. I'd also be surprised if most sizes didn't sell out the first day they hit the web shop. @kiya might have more insight into just how many pairs were even made though.
