Hudson Group has just finalised its acquisition of Trilogy Limited – a local company representing Calvin Klein, Armani Exchange, Mango, Tommy Hilfiger, and Tommy Jeans in Malta.
The acquisition process saw Hudson acquire Trilogy Limited through a share-for-share exchange as the latter’s shareholders took up shares in Hudson Holdings Limited, the parent company of Hudson Group.
Trilogy Limited will now form part of the Hudson Malta plc Group.
“Trilogy and Hudson share common values, and this augurs well for the amalgamation of our resources, especially of our stores and human resources,” Hudson Chairman Alfie Borg said.
“Together we now manage over 56 stores, as well as a staff complement of 700. We are also delighted to expand our brand portfolio to include more premium fashion brands,” he continued.
Hudson welcomed Joseph Borg – Trilogy’s former Managing Director – as a Member on the Hudson Holdings Board of Directors in the capacity of Fashion Brand Director.
Amongst other brands, Hudson represents NIKE, Ted Baker, River Island, New Look, Kiabi, and Alcott, making it one of Malta’s leading fashion and sports retailers.
Hudson Group CEO Chris Muscat welcomes the finalisation of the acquisition which strengthens the Group’s overall financial position and provides the right springboard for future growth. In 2022, the Group has plans to open 15 stores across 6 countries adding new brands and new countries as well as an exciting innovative concept store in Malta.
Hudson is also a significant operator in the international field. In Africa, it has a significant client base, responsible for delivering branded sportswear products, including NIKE. Hudson also operates retail stores in Algeria, Morocco, and Nigeria through offices in these countries. Hudson will have new opportunities in these markets given the demand for the leading international brands represented by Trilogy and the significant brand management experience of Trilogy’s team.
In 2020, Hudson finalised a significant investment of €3.5M on a new distribution centre in Hal Far. The investment was financed in part by the bond proceeds issued by Hudson Malta plc in 2018.
The distribution centre welcomes products from Asia and Europe, intended to be shipped to over 20 countries in Africa – acting as the optimal midpoint between international brands and in-country retailers. The purposely built centre which spans a total area of 5,000 sqm sets the company in a good position to welcome new brands and service more clients within Africa.
She highlights the ‘immensely high quality of life, mixed with global work opportunities and connections’.
He emphasises the importance of ‘the right approach’ to doing business and building relationships.
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