A well-known name in textile (5)
I believe the answer is:
serge
'textile' is the definition.
(serge is a kind of textile)
I cannot understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for serge that I've seen before include "Material to suit" , "Stuff" , "Frenchman" , "Twilled fabric; name" , "A twill fabric" .)