Tag: acquisition
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German Mayer & Cie. acquired by Chinese investor
All circular knitting operations of Mayer & Cie., one of the key symbols of German engineering with a 120-year history, were acquired by Chinese entrepreneur Xu Hongjie under an agreement signed on February 9. The acquisition also includes the company’s subsidiaries in Vsetín, Czech Republic, and Jintan, China. Xu Hongjie, a representative of the family-owned…
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Saat & Saat raises apparel growth targets with acquisition of Turkish textile giant
USPA Global announced the acquisition of Aydinli Hazir Giyim San. Tic. A.S. (Aydinli Group) by HRK Holding A.S. (Saat & Saat). Both entities are licensing partners of U.S. Polo Assn., which is USPA Global’s multi-billion-dollar sports brand and the official brand of the United States Polo Association (USPA). As one of the brand’s largest partners,…
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Trademark infringement case of Zeki Triko continues
Zeki Triko Chairman Şefik Kaya made statements regarding the recent allegations in the public about Zeki and Zeki Triko. Türkiye’s famous swimwear manufacturer Zeki Triko, founded in 1958 by businessperson Zeki Başeskioğlu, had been put up for sale due to economic difficulties in recent years. As a result of the sale that took place in…
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Chargeurs Group completes the acquisition of Cilander
The acquisition project of Chargeurs, announced on May 30, has just been successfully finalized. The Chargeurs group becomes the owner of strategic assets previously held by the Swiss company Cilander. Now integrated into the Chargeurs PCC Fashion Technologies (CFT PCC) business line, they offer promising growth prospects, opening the doors to new markets and strengthening…
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HanesBrands is selling its famous sportswear brand Champion to Authentic
HanesBrands, one of the global leaders in iconic apparel brands, announced that it has entered into a definitive agreement to sell the intellectual property and certain operating assets of the company’s global Champion business to Authentic Brands Group (Authentic). The transaction valued at $1.2 billion, with the potential to reach up to $1.5 billion through…