Chargeurs-Holfipar join forces within Chargeurs Fashion
21 Aug '07
1 min read
Chargeurs Fashion, the apparel fabric business of Chargeurs, has signed a partnership agreement with Holfipar, the Morocco-based holding company of the Tazi family, through Holfipar subsidiary Sefita. Also involved in apparel fabric, Sefita has worked with Chargeurs since 1990.
Under the agreement, the two partners will hold equal equity interests in Chargeurs Fashion. In an increasingly globalized marketplace, the combined entity will have the capabilities to offer fashionable products and innovative fabrics manufactured in the Euro-Mediterranean region.
This alliance confirms Chargeurs Fashion's position as one of Europe's leading providers of apparel fabric. The competitiveness of the new entity and its enhanced, internationally recognized know-how and creativity will drive a strategy of expansion and accelerated growth.
Chargeurs is a global, diversified publicly-listed company operating for the long term in niche markets, both in manufacturing and in services. It is currently active in textiles - Wool topmaking, wool-based fabrics, garment interlining - and the temporary protection of surfaces - Protective Films.