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In 1953, the rug business was sold to a Boston investment company and reincorporated, reusing the name Fieldcrest Mills. That company merged with the textile company Cannon Mills to become Fieldcrest Cannon in 1986, resulting in a bankruptcy as well as mass layoffs and labor disputes. In 1993, Mohawk Industries purchased the Karastan business ...
A portion of the Karagheusian Rug Mill as it stood, long abandoned, in Freehold in 1990. The faded "Gulistan" name can be seen in the center. A. & M. Karagheusian, Inc. was a rug manufacturer headquartered at 295 Fifth Avenue in Manhattan. Manufacturing was located in Freehold Borough, New Jersey and operated for 60 years before closing in 1964 ...
The history of Oriental Rug making in Southern Africa started in Swaziland in the mid 1970s when Greek entrepreneurs employed Pakistani nationals to train local Swazis in the art of rug making. By 1982 after the death of King Sobhuza II, the operations were relocated to the township of eZibeleni on the outskirts of Queesntown, South Africa.
The Oriental Carpet Manufacturers Company was established by a group of British merchants at the end of 1907/beginning of 1908 in Smyrna. Looms and other technical equipment were procured in Germany and Austria. The first company-owned production facilities were set up in the Western Anatolian Manisa Province.
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Arshag Karagheusian (Armenian: Արշակ Կարագյոզյան December 4, 1872 [1] - September 24, 1963) was an Armenian rug manufacturer and co-owner of A. & M. Karagheusian, Inc. He also served as the head of the Armenian General Benevolent Union becoming its 4th president from 1943 to 1952, after Boghos Nubar , Calouste Gulbenkian and ...
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