Home / Knowledge / News / Fashion / Gelco fashion company takes over retail chain

Gelco fashion company takes over retail chain

09
Jun '09
ESCADA AG sold the BiBA GmbH label, which belongs to its a subsidiary PRIMERA GmbH & Co. KG. GELCO GmbH & Co. KG is a Gelsenkirchen-based women's fashion company. With effect as of April 30, 2009 a holding company takes over the BiBA retail chain and its 530plus own retail stores and franchise areas. It was agreed to keep the conditions of the transaction confidential. The sale is subject to approval by anti-trust authorities.

The disposal of BiBA sees ESCADA complete the structured sales process for the PRIMERA Group. On May 26, 2009, the manufacturer of high-quality women's fashion had already announced the sale of the other subsidiaries of the PRIMERA Group. The labels Laurèl, apriori and cavita had been sold to the mutares AG, Munich (see Press Release...).

The ESCADA Group is an international fashion group for women's apparel and accessories, which is active on the international luxury goods market. It has pursued a course of steady expansion since its founding in 1976 by Margaretha and Wolfgang Ley and today has 182 own shops and 225 franchise shops/corners in more than 60 countries.

ESCADA AG


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Aug 2019

Trade war to help India's MMF exports grow by 5-7%: SRTEPC

The US-China trade war has opened up an opportunity, which will help...

Indian cotton spinners’ performance likely to weaken: ICRA

Textiles | On 23rd Aug 2019

Indian cotton spinners’ performance likely to weaken: ICRA

The performance of Indian cotton spinners is likely to weaken in...

Pic: Devan Chemicals

Apparel/Garments | On 23rd Aug 2019

First Devan R-Vital CBD-infused textiles hit the market

Devan Chemicals launched its CBD (Cannabidiol) fabric treatment at...

Interviews View All

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

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


August 2019

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

news category


Related Categories:

Advanced Search