Private Equity Liquidity Events
Footwear retailer Metro to acquire apparel and accessories seller Cravatex Brands
Footwear retail chain Metro Shoes is to acquire 100% shareholding in fellow Mumbai-based Cravatex Brands to expand its presence in the sports and athleisure space.
Cravatex Brands is a retail, brand licensing, distribution and sourcing company that has the exclusive long-term licence for the Italian sportswear brand FILA, owns sportswear brand Proline, besides representing other international brands.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Mar-2017 and Mar-2020, Cravatex Brands had raised over USD 15.5 M from Paragon Partners. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)