After successfully finalizing the restructuring process, Nextil faces a new stage of growth for the coming years. Manuel Martos, who has been the company's managing director for the last 5 years, is appointed as the group's new CEO.
The management team is reinforced with the incorporation of a new general manager, Carlo Pirani, and a new financial director, Rafael Bermejo. Alberto Llaneza has also joined the company as a member of the Board of Directors, representing Audentia Capital, one of the company's investors.
These changes are part of the reorganization of Nextil Group, Barcelona/Spain, which have been implemented in several phases since 2019: the exit from the fast fashion segment in favor of higher value-added segments, the closure of the El Masnou factory in Barcelona, the opening of a new strategic plant in Guatemala, as well as the commitment to innovation and sustainability through Greendyes, the natural fabric dyeing project.
The new factory in Guatemala, which has already begun production for American customers, will be fully operational by mid-2023, which will optimize the cost structure with respect to the group's current sites and will have a positive impact on profitability.
Greendyes, Nextil's patented natural and sustainable dyeing method, has evolved into an industry-ready and scalable solution that can be licensed worldwide. The company is currently working on 2 pre-productions for 2 major sports and retail companies and are negotiating with Asian dyeing companies to license production for leading sports brands.
Greendyes = registered trademark