Two of Malta’s largest retail companies have entered into an agreement which will see Hudson acquire Trilogy Limited through a share-for-share exchange.
A leading retailer in Malta for premium fashion brands, including Calvin Klein, Armani Exchange and Tommy Hilfiger, Trilogy will now become a fully owned subsidiary of Hudson, whose brands include Nike, Ted Baker, River Island, Kiabi and Urban Jungle.
The acquisition will result in the shareholders of Trilogy Limited taking up shares in Hudson Holdings Limited, which was founded in 2006 and is the parent company of Hudson.
Hudson Chairman, Alfie Borg, commented that “Trilogy and Hudson share common values, with both companies built on similar foundations through extraordinary personal dedication from its shareholders and their employees. We share similar ethics, culture, vision and professionalism providing for a perfect fit between the two companies.”
Joseph Borg, Managing Director of Trilogy, will become a member on the Hudson Holdings Board of Directors and will assume the role of Fashion Brand Director.
Commenting on the decision, Mr Borg said “we feel very comfortable joining Hudson due to the similar values and culture held by both companies, the perfect combination of ‘brand-mix’ and the shared belief in offering our dedicated staff better opportunities,” he said.
“Trilogy has always strived to ensure that every client that enters our stores has a pleasurable shopping experience, and we are confident that we will continue to add to that experience.”
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