Announced
Completed
Financials
Tags
Clothing and Accessories
Germany
underwear
Single Bidder
Completed
Acquisition
Cross Border
Friendly
Private
renewable materials
Majority
clothes
Synopsis
Calida Group, a company engaged in the production, management, distribution and retail sale of designer clothing, as well as furniture, completed the acquisiton of a 90% stake in Erlich Textil, a producer, of timeless basics in the underwear and home textiles sector, from Vorfreude. Financial terms were not disclosed. "We are delighted to have found a reliable partner in the CALIDA GROUP with whom we can start the next growth phase of erlich textil. The shared values with regard to customer experience, quality and sustainability lay a strong foundation for a successful future," Sarah Grohé, erlich textil co-founder.
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