Himatsingka America, the wholly-owned step-down subsidiary of Bengaluru-based textile company Himatsingka Seide Ltd (HSL) has acquired the home portfolio of Global Brands Group Holding.
The acquired home portfolio includes the exclusive license rights to the famous and iconic Tommy Hilfiger brand, the Copper Fit brand and other brands. The brand portfolio is estimated to contribute annual revenues of approximately USD 60-65 million to the group, the company said on Friday.
Headquartered in Hong Kong, Global Brands Group Holding is a branded apparel, footwear and fashion accessories company. It designs, develops, markets and sells products under a diverse array of owned and licensed brands and a wide range of product categories on a global scale.
Founded in 2004 and based in New York, Himatsingka America engages in the distribution of silk and silk-blended yarns and yarn dyed decorative, bridal, and fashion fabrics.