February’07
Morarjee Textiles Ltd enters into international branding foray with the acquisition of Men’s Club S.P.A an Italian Apparel Manufacturer based in Sant’omero in south central part of Italy in February’07.
Men’s club owns 3 labels i.e. Men’s Club - it caters to the premium market segment, Gorena – caters to middle market segment and Vaughan & Pickett is a sports line label. These brands have a niche in Italian and neighboring markets of Italy.
With this acquisition Morarjee has now become a global manufacturing company and can offer shirts “Made in Italy”.
Men’s club is Morarjee’s first step towards an overseas acquisition an it is looking towards more such opportunities globally.
|