English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 3 August 2020, 21:10 HKT/SGT

Source: Lever Style Corporation
Lever Style to Acquire Vista Apparels to Expand Product Range For Customers

HONG KONG, Aug 3, 2020 - (ACN Newswire) - A subsidiary of Lever Style Corporation ("Lever Style" or the "Group") (stock code: 1346) has entered into a sale and purchase agreement to acquire certain assets of Vista Apparels Limited ("Vista"). Hong Kong-headquartered knitwear manufacturer Vista supplies sweaters to premium brands such as Paul Smith and James Perse and digitally-native brands like Ministry of Supply.

Lever Style will assume Vista's customers, supplier relationships, technical knowhow, and order book. The acquisition enables Lever Style to offer its existing customers sweaters in addition to the wide range of apparel the company already provides. Additional cross-selling opportunities are expected from Vista's customers purchasing Lever Style products.

"The Vista acquisition is a first step towards our goal to acquire companies that expand our business opportunities with our customers and further strengthen our market position," said Stanley Szeto, Executive Chairman of Lever Style. "We expect to start capitalizing on the synergies with Vista in 2021, and to announce further acquisitions in due course."

The acquisition is structured as an agreement to purchase certain of Vista's assets such raw material inventory, with the final purchase price based on performance.

Topic: Press release summary
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Lever Style Corporation Releated News
Aug 26, 2020 15:09 HKT/SGT
收购技术外套制造商利维高 提升利华为客户提供跨产品类别支持的能力
Aug 26, 2020 15:08 HKT/SGT
收購技術外套製造商利維高 提升利華為客戶提供跨產品類別支援的能力
Aug 26, 2020 14:17 HKT/SGT
Acquisition of Technical Outwear Maker Liwaco Enhances Lever Style's Capability to Support Customers Across Multiple Product Categories
Aug 3, 2020 21:12 HKT/SGT
利华控股集团收购Vista Apparels 冀为客户丰富产品组合
Aug 3, 2020 21:11 HKT/SGT
利華控股集團收購Vista Apparels 冀為客戶豐富產品組合
More news >>
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575