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

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search