Hudson Malta plc, via a Malta Stock Exchange announcement, on Tuesday announced that its ultimate parent company, Hudson Holdings Limited, has officially completed its acquisition of retailer Trilogy Limited.

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. Trilogy Limited will form part of the Hudson Malta plc Group which the company says further strengthens the position of the bond holders of Hudson Malta plc.

Trilogy Limited, a local company representing Calvin Klein, Armani Exchange, Mango, Tommy Hilfiger and Tommy Jeans in Malta, has become a fully owned subsidiary of the Hudson Malta plc.

Hudson is a leading retailer with strong local and international operations. In Africa, it has a significant client base, responsible for delivering branded sportswear products, including NIKE, to over 30 countries. Hudson also operates retail stores in Algeria, Morocco, and Nigeria through offices in these countries.

In 2020, Hudson finalised a significant investment of €3.5 million 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.

Earlier this month, Hudson said the acquisition of Trilogy “adds management expertise and five premium fashion brands to Hudson’s already impressive brand portfolio”.

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 six countries adding new brands and new countries as well as an exciting innovative concept store in Malta. Mr Muscat concludes by reiterating his gratitude to the company’s employees for their hard work and commitment throughout another difficult COVID year in 2021 and thanks them for defying odds that resulted in an overall result that was better than forecasted despite the hurdles being imposed by COVID.