SWITZERLAND: Switcher Takes Control Of Indian Licensee - Paper
Switzerland's top T-shirt manufacturer and leisurewear brand, Switcher, is set to take management control of its Indian licensee, it was reported on Monday.
Switcher has been allowed to pick up a 60 per cent stake in its Indian sudsidiary, Mabrouc SA,which belongs to the Prem Group of Industries, India's Economic Times reported.
Mabrouc SA is the distributor of Switcher and Whale brands globally. Last year Switcher sold 7.5 million pieces of garments in Switzerland and is now across Europe.
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