Home / Knowledge / News / Apparel/Garments / Mercury to buy brand licenses & stock of Funtastic apparel div
Mercury to buy brand licenses & stock of Funtastic apparel div
26
Jun '09
The Directors of Mercury Brands Limited (the Company) are pleased to announce the Company has entered into an agreement to acquire the brand licenses and stock of Australian Horizons an apparel division of Funtastic Limited. The acquisition of these assets is conditional on the Company's ability to gain appropriate finance to complete the transaction. Mercury Brands has received strong interest to date from potential finance providers and the Directors are confident of securing appropriate finance to complete the transaction by the proposed completion date of August 3 2009.

The terms of the proposed transaction will remain confidential until such time as appropriate financing has been secured by the Company. The acquisition of assets from Funtastic will provide significant revenues and return Mercury Brands to strong profitability.

Mercury Brands is a Global Apparel Company based in Melbourne Australia. Our company is home to a powerful portfolio of leading lifestyle brands and licenses. With over 20 brands across Women's, Men's and Children's wear, we have established a successful reputation with labels including Rochford, No Fear, Purr, French Kitty, Kensie, Chip & Pepper, Crusty Demons, Billiecart, Milly and Nuggets. Current growth into Asia and other markets as well as new brand acquisitions will help propel us into a bold and exciting future.

Funtastic was established in 1994 and is one of Australia's and New Zealand's leading distributors of children's products. Funtastic is a dynamic leader in the licensed consumer goods industry with market dominance across many children's product categories.

Mercury Brands Limited

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search