Gitanjali acquires balance 50 per cent stake in Morellato

    Gitanjali acquires balance 50 per cent stake in Morellato

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    Ltd has informed BSE that with a view to rationalise the business plan, the company has strategically acquired the balance 50 per cent stake in the Indian JV Company “Morellato India Pvt. Ltd.”

    The Company continue to hold on exclusive basis, the rights of marketing, promotion, sale and distribution of products of the erstwhile JV partner under the brand names e.g. Morellto, Sector (non-Swiss made collection), , Just Cavalli and etc.

    — IndiaRetailing Bureau