Home / Knowledge / News / Fashion / Bombay Rayon BoD approves acquisition of 'GURU'

Bombay Rayon BoD approves acquisition of 'GURU'

24
Apr '08
Bombay Rayon Fashions Ltd has informed that the Board of Directors of the Company at its meeting held on April 24, 2008, inter alia, has considered / noted / approved the following:

1. Entering into Terms of Understanding for taking over the Brand 'GURU' and other related retail business on going concern basis, by wholly — owned subsidiary of the Company BRFL Europe B.V. Netherlands with an Italian Company Jam Session Holdings S.r.l, for a total consideration of EURO 33 millions by exercising the Call/Put option within 42 months & till than operate the Brand & Business on Lease basis.

2. Scheme of amalgamation of its wholly — owned subsidiary 'Leela Scottish Lace Pvt Ltd' into the Company subject to the necessary approvals.

Bombay Rayon Fashions Ltd


Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

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

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

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

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search