S. Kumars acquires Hartmarx |
By e4p Correspondent, Monday, June 29, 2009, 12:10 Hrs [IST] |  |
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Category: Airports | Tags: S Kumars acquired Hartmarx Corporation, SKNL North America BV, SKNL Group | Share:  |
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S. Kumars Nationwide, along with its operating partner Emerisque, UK, has acquired Chicago based Hartmarx Corporation for $119 million (approx Rs 571 crore).
The company acquired Hartmarx through its wholly-owned subsidiary SKNL North America BV. It is likely to invest Rs 168 crore directly in the Chicago based company. The transaction is expected to be completed on 7 July 2009.
The acquisition will enable SKNL Group to bring significant business volumes to the SKNL Group operations in India through a 'front-end back-end synergy' strategy.
Source : ProjectsToday
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