House of Pearl Fashions Ltd, a multinational apparel company, has acquired a new warehouse facility in Milton Keynes, UK. The storage facility will be a garment logistics warehouse with a capacity of nearly 43000 sq ft and has been acquired through its subsidiary, Poeticgem Ltd.
The total storage capacity of Poeticgem Ltd will now go up to over 90,000 sq ft. Poeticgem Ltd is investing over 2.4 million pounds for the acquisition.
“The buyout of the garment logistics warehouse facility is part of our integration strategy. We believe that supply chain is a critical part of a retailer's businesses today and House of Pearl is implementing and expanding its capacity and infrastructure to meet the customer's increasing supply chain demand.” says Mr Deepak Seth, Group Chairman, House of Pearl Fashions Ltd.
He further added, “ We believe that the demand for storage and order fulfillment has grown as increasing number of retailers today prefer to stock products on 'Just in Time' basis.”
The new warehouse has sophisticated machinery for pre-retail finishing and reprocessing of garments.
House of Pearl Fashions caters to the supply chain demand of major customers in UK such as ASDA, NEXT, Tesco among others.
House Of Pearl Fashions Ltd