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Christy (also known as Christy UK and Christy Towels) is a manufacturer of household linens and is known as the inventor of the first industrially produced looped cotton towel. It was founded in 1850 in the English mill town of Droylsden, Lancashire (now part of Greater Manchester).
William Miller Christy (1778–1858) was an English Quaker hat and textile manufacturer, known also as a banker. He is credited with the invention of the penny receipt-stamp. He is credited with the invention of the penny receipt-stamp.
In 2006, Goenka acquired Christy, a Manchester-based towel manufacturer in the UK. [12] Christy is known for its long history in the home textiles industry and its association with high-profile sporting events such as Wimbledon. [2]
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In 2006, Welspun India acquired an 85% stake in CHT Holdings, the holding company of the UK's largest towel firm, Christy, for the equivalent of US$28.7 million. [21] Christy's existing management retained a 15% stake in the company and continued to be involved in its operations.
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