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- Title
Bombay Rayon to buy Italy's Guru brand.
- Abstract
The article unveils the plan of Indian apparel manufacturer Bombay Rayon Fashions Netherlands to acquire the Guru brand and its related retail business from Italian company Jam Session Holdings. Bombay Rayon reported to the Bombay Stock Exchange that its subsidiary BRFL Europe BV Netherlands forged an understanding with Jam Session. The acquisition will be made through a call-or-put option within 42 months and afterwards will operate on lease. In addition, the board of directors approved an amalgamation scheme for the Leela Scottish Lace subsidiary.
- Subjects
MERGERS &; acquisitions; BOMBAY Rayon Fashions Ltd.; JAM Session Holdings (Company); BRFL Europe BV Netherlands; OPTIONS (Finance); CLOTHING industry
- Publication
Man-Made Textiles in India, 2008, Vol 51, Issue 5, p179
- ISSN
0377-7537
- Publication type
Article