The transaction is expected to close within a few weeks.
Saadia Group has acquired Aquatalia with the vision of entering the luxury shoe market. With a history of Aquatalia style and craftsmanship, the Sadia Group sees Aquatalia as the perfect label to launch a portfolio in the world of luxury fashion, the two companies said in a joint media release.
Saadia Group, an American multi-brand, end-to-end platform known as a leader in product manufacturing, wholesale, retail and distribution, has agreed to acquire the assets of its first luxury fashion brand, Aquatalia, from the Global Brands Group. bottom. The acquisition was approved by the Federal Bankruptcy Court in Southern New York.
Founded in 1994 and manufactured in Italy, Aquatalia is renowned for its best combination of fashion, craftsmanship and comfort. It celebrates “functional luxury, versatile style and comfort”.
Jack Saadia, Principal and Co-Founder of Saadia Group “Adding Aquatalia to our growing brand family enhances our ability to reach and serve additional consumers. We look forward to building this brand and into our portfolio within the luxury market. I am enthusiastic about adding more. “
Fiber2Fashion News Desk (KD)
US company Saadia Group acquires luxury shoe brand Aquatalia
Source link US company Saadia Group acquires luxury shoe brand Aquatalia