Hudson Group, in a statement published on the Malta Stock Exchange, announced that it has been informed of its parent company, Hudson Holdings Limited, being in “advanced negotiations in connection with the acquisition of Trilogy Limited.
Trilogy Limited is one of Malta’s leading premium fashion retailers, with brands such as Calvin Klein, Armani Exchange, Mango, Tommy Hilfiger and Tommy Jeans.
Negotiations on the acquisition is centred around a share-for-share exchange process, Hudson Group reported.
The proposed acquisition is subject to the conclusion of a conditional agreement setting out the terms upon which said acquisition is to take effect and, in turn, to the satisfaction of certain conditions precedent, including the obtaining of regulatory approval as necessary.
Pursuant to the conclusion of the proposed transaction, Trilogy Limited will become a subsidiary of the company.
Through the proposed acquisition, Hudson Group will expand its premium fashion offering to its customers and open opportunities in the international markets where the representation of Trilogy brands will add value to the offering the company current affords its partners and customers.
Hudson Group currently represents Nike, Urban Jungle, River Island, Kiabi, New Look, Timberland, Ted Baker, United Colours of Benetton, Converse, Mina, Tommy Hilfiger, Intersport, Alcott and Blackbox.
The Company will keep the market informed of any developments in respect of the above-mentioned subject matter.
Hudson Group’s head office is located in Malta but is also present through offices in Italy, Spain, Morocco, Tunisia and Algeria. Though Hudson Holdings was founded in 2006, the Group’s roots reach as far back as 1987 when the first pair of NIKE shoes was sold in Malta.