- Himatsingka acquires 100% stake in Giuseppe Bellora


on Fibre2Fashion (
After acquiring a 70 percent stake in Italian home textile company - Giuseppe Bellora SPA in 2007, the Rs 2,000 crore vertically integrated Indian home textile manufacturer Himatsingka Group has now bought off the rest of the 30 percent stake.

In a disclosure to BSE, Himatsingka Group said it had acquired the 30 percent stake from GB Invest SRL. Himatsingka Seide did not disclose the amount at which it bought the stake.

This latest share acquisition makes Himatsingka Group the sole shareholder of Giuseppe Bellora SPA.

This transaction is consistent with the global strategy of the Himatsingka Group, given its large presence in the manufacturing, retail and distribution of home textile products.

Himatsingka Group manages a brand portfolio of over eight brands and for fiscal year 2013-14, revenues from these brands stood at over Rs. 600 crores.

Bellora a luxury home textile brand with a strong heritage, has an extensive presence in Italy and is amongst the most recognized luxury bedding brands and is now exploring opportunities for expansion across Europe and in select markets of Asia.

Executive Director - Mr Shrikant Himatsingka said, “The Bellora brand is an integral part of our global brand portfolio and our group will focus on expanding the brand globally in the years to come."
download pdf file


Asami cotton sateen duvet cover set Asami cotton sateen duvet cover set Outlet Asami cotton sateen duvet cover set
Check linen top sheet set Check linen top sheet set Outlet Check linen top sheet set
Hampton linen light quilt Hampton linen light quilt Outlet Hampton linen light quilt
Percale warming bag Cloe Percale warming bag Cloe Outlet Percale warming bag Cloe
Share on: facebook share twitter share google+ share pinterest share - Internet Partner