Hela Apparel Holdings acquires major UK-based brand licensing house

Hela Apparel Holdings PLC yesterday announced the acquisition of Focus Brands, a major UK-based apparel brand licensing house.
Hela has acquired 100 percent shareholding in the company from JD Sports Fashion PLC, one of the world’s leading global omnichannel retailers of sports, fashion, and outdoor brands.
Focus Brands is a market leader in the design, sourcing, distribution and promotion of sports fashion and lifestyle apparel brands. It currently holds exclusive licensing agreements for the design and distribution of a number of major apparel brands, including Ellesse and Nautica, in the UK, European Union and other global markets. 
Through the acquisition, Hela has taken the first major step in its strategy to become a fully vertically integrated service provider for the apparel sector. 

 
Hela Apparel...
The transaction also marks the first time a Sri Lankan apparel manufacturer has acquired a brand management company in one of its key markets, moving Hela significantly closer to its end customer and expanding its range of services to brand marketing and distribution.
“The addition of Focus Brands to the Hela Group is a watershed moment for us as an organisation. We see immense potential to build significant synergies with our existing manufacturing business, supported by the addition of a Focus Brand’s well-experienced team of over 200 who have a proven track record of successfully growing major apparel brands,” said A. R. Rasiah, Chairman of Hela Apparel Holdings PLC in a statement commenting on the acquisition.
“We intend to leverage their renowned design, product development, marketing, and distribution capabilities to further elevate Hela’s offering to its existing customers across the industry,” he added.
The acquisition will expand Hela’s global presence through Focus Brands’ six state-of-the-art product showrooms located in London, Manchester, Berlin, Munich, Düsseldorf, and Amsterdam, alongside a sourcing office in China. The company’s service offering to its customers will be further strengthened through a network of warehousing facilities in the UK and Europe, placing Hela in a distinctively advantageous position within the industry.