House of Pearl acquires warehouse facility in UK

Saturday, March 17, 2007, 22:00 [IST]

New Delhi, Feb 22 (UNI) House of Pearl Fashions (HoPF), apparel maker in the ready-to-wear segment, today said it has acquired a warehouse facility Milton Keynes in the UK for an investment of 2.4 million pounds.

The take over of the 43,000 square feet facility has been funded through internal accruals and debt and will result in an increase of garment handling capacity of the company to three million pieces per month from two million pieces at present.

With this the total storage capacity of the company through its subsidiary Poeticgem Ltd will be over 90,000 square feet, HoPF said in a statement.

UNI

Topics: FASHION-HOPF-ACQUISITION

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