Gitanjali Gems 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), Roberto Cavalli, Just Cavalli and Miss Sixty etc.
— IndiaRetailing Bureau