The Lycra Company completes financial restructuring, names interim CEO
Key takeaways
- The Lycra Company completes financial restructuring, names interim CEO The Lycra Company produces fibre and technology solutions for the apparel and personal care industries.
- The company added that operations were not disrupted during the restructuring and commitments to employees, customers and vendors were maintained throughout.
- Following the completion of the process, Lycra plans to pursue its growth strategy by investing in innovation, customer partnerships and global operations.
The Lycra Company completes financial restructuring, names interim CEO The Lycra Company produces fibre and technology solutions for the apparel and personal care industries. Credit: Tarzhanova/Shutterstock.com. · Just Style · Tarzhanova/Shutterstock.com. Jangoulun Singsit Wed, May 27, 2026 at 5:39 PM GMT+7 3 min read. The process resulted in a reduction of more than $1.2bn in long-term debt and the injection of over $75m in new capital, the company reports.
In March this year, the sustainable fibre maker announced that it had reached a restructuring support agreement with the majority of its creditors to improve Lycra’s financial position and reduce its long-term obligations.
The company added that operations were not disrupted during the restructuring and commitments to employees, customers and vendors were maintained throughout.