FBM Corporate Finance has assisted fashion company MJL Investments BV in the sale of its business to EK Fashion
MJL Investments is the company behind the t-shirt and underwear brands Slater and Garage. This week, the company announced it was selling the business to EK Fashion, part of the European-based EK Group (formerly known as Euretco).
EK Fashion offers a broad collection of clothing and services to retailers in the fashion industry and has the facilities of the largest retail service organization in the Netherlands. EK Fashion is therefore the ideal party to further expand the established brands Garage and Slater both nationally and internationally with their expertise and extensive network. In addition, this acquisition guarantees the continuity of production at the factory of MJL Investments in Bangladesh.
On behalf of FBM Corporate Finance, Albert van Lunteren acted as advisor to the seller. We thank Joël Menco of MJL Investments BV in particular for the trust placed in him and the wonderful cooperation. Our thanks also go to the involvement of and cooperation with Jan Bongers and Harm Rijerkerk of EK Fashion, Wytse Huidekoper and Sandra Meijneke of De Breij advocaten. We wish all parties success in the next growth phase of the company.
