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Record #:
16333
Author(s):
Donsky, Martin
Abstract:
In the 1970s, when polyester clothing was all the rage, Rocky Mount-based Texfi Industries, Inc. was flying high, with good profits and shares reaching as high as $68. Then consumers moved on to other styles and Texfi lost million over the next decade; by 1984 the company was down to three plants. Donsky describes how the new chairman and CEO, Terrell Sovey, turned the company into a profitable one again.
Source:
Business North Carolina (NoCar HF 5001 B8x), Vol. 10 Issue 5, May 1990, p44-46, 48-52, por
Subject(s):
Textile industry--Rocky Mount; Texfi Industries, Inc; Sovey, Terrell
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