Another U.S. Company has been sold. The makers of the Peaches & Creme yarn (Pisgah Yarn & Dyeing Co) have sold out to Spinrite. So now Spinrite will own both the Sugar'n Cream and the Peaches & Creme labels.
The sale will not take effect until the end of Feb though. Until the sale is final though Pisgah has all of their products on sale. 50% off everything except the worsted weight cotton. the dishcloth cotton. All of the crochet threads and fashion cottons are 50% off though!!
Here's a link for you; Pisgah Yarns
We will continue to carry the Peaches & Creme Cottons though. The sale is supposed to take effect the end of Feb. So sometime after that I should know what lines Spinrite will keep and what lines they will cut. I will keep all of you posted as I find out more info.
Now for the subject of Sugar'n Cream...they are going to raise their prices. I received a letter from Spinrite (the parent company for Bernat, Lily & Patons). All of their cotton yarns will incur a price increase of 11% effective March 1st. I will hold off as long as I can to raise my prices. But the cottons move quickly so look for the prices to go shortly after the first. Unfortunately since they will own Peaches & Creme by then you can expect that price to up too.
From what I understand all cottons will be going up because of a cotton shortage.
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Lots of frowns :( Read about this the other day on Crochetville.
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