Private industrial group Doverie Obedinen Holding is to set up a joint apparel venture called Riton Classic with Dutch fashion house McGregor Fashion Group.

Doverie will have a 51 per cent hold in the joint company, while McGregor Fashion Group will hold the remainder.

Riton Classic, which will be situated near Plovdiv in southern Bulgaria, will produce 300,000 shirts annually and will create approximately 160 jobs. The plant is being constructed as a greenfield investment with a €950,000 grant from the Dutch Government.

Produce of the plant will be sold in McGregor Fashion Group's outlets.