M&A

M&A

Hi Fabrique Group acquires Italian textiles firm Tessitura Monti's India unit

Economic Times  

Bangalore based luxury cotton fabric manufacturer, Hi Fabrique Group has acquired Tessitura Monti India Private Limited (TMIPL), the Indian subsidiary of Italy's Tessitura Monti Spa, involved in the spinning, weaving, and processing of textiles. Singhvi Dev & Unni LLP acted as the sole financial advisor to Hi Fabrique Group. International brands like Hugo Boss, Charles Tyrwhitt, Polo Ralph Lauren, Hackett, Prada, Gucci, Thomas Pink, Tailor man and Cafe Coton are customers of Tessitura Monti India which has installed a facility in Kolhapur, Maharashtra. Started in 1993 by Jodhraj to cater to garment exporters in Bangalore, HF Group is India's largest stockist of 100% premium cotton shirting ready fabric. Other than India, HF sources its products from Italy, Switzerland, Portugal, China and Vietnam. It caters to over 500 high end brands like Louis Phillipe, Van Heusen, Blackberry, Park Avenue, Myntra, Lifestyle etc., also, with a presence in over 3500 over-the-counter stores across the country such as Pothys Chennai, Kalyan Group Trichur, Jai hind Group Pune, J S Mohammed Ali Kolkata, Diwan Saheb, Heritage, Studio Firang Delhi, Benzer, Kachin's, Gabbana Mumbai, P N Rao, Prestige Bangalore etc,