Coats Group plc is a British multinational company. The company provides products, including apparel, accessory and footwear threads, structural components for footwear and accessories, fabrics, yarns, and software applications.
Coats is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index and FTSE4Good Index. Revenues in 2023 were $1.4bn.
Founding
Paisley, Scotland became a hub for the textile industry in the United Kingdom. In 1755 James and Patrick Clark began a loom equipment and silk thread business.[3] In 1806, Patrick Clark invented a way of twisting strands of cotton together to substitute for silk that was unavailable due to the French blockade of Great Britain. He opened the first plant for manufacturing the cotton thread in 1812.[3]
In 1802 James Coats set up his own weaving in Paisley. In 1826 he opened a cotton mill at