House of Pearl to acquire Simple Approach in Hong Kong

14 Jan 2008

1

House of Pearl Fashions Ltd says it has signed a memorandum of understanding (MOU) to acquire a 75-per cent stake in the Hong Kong-based marketing company, Simple Approach Ltd.

The company says the acquisition is aimed at strengthening its distribution in the overseas markets.

The acquisition will also help House of Pearl Fashions expanding its customer base into the high fashion mid market segment. Simple Approach is a supplier to high and and mid market retailers in the UK and the US and expects revenues of Rs80 crore in the current financial year, which is projected to grow to Rs200 crore by FY 2010-11.

The fashion company plans to leverage its sourcing capabilities to offer a wider product range.

House of Pearl Fashions says it is the only company in this sector with presence in more than 10 countries and controls complete supply chain from design and development to customer delivery.

The Company is looking at entering fashion retailing in India with plans of launching a German Brand Lerros.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers