Hudson Malta plc - Conditional Completion of Acquisition of Trilogy Limited

On 8 April 2021, Hudson Malta plc announced that following the obtaining of regulatory approval, Hudson Holdings Limited, the ultimate parent company of the Hudson Group, has entered into a share-for-share exchange agreement with Trilogy Limited in connection with the acquisition of Trilogy Limited which will result in the shareholders of Trilogy Limited taking up shares in Hudson Holdings Limited. Completion of the proposed acquisition is subject to the satisfaction of certain conditions precedent.

Trilogy Limited is one of the leading premium fashion retailers in Malta with brands such as Calvin Klein, Armani Exchange, Mango, Tommy Hilfiger and Tommy Jeans.

Pursuant to the conclusion of the proposed transaction and an intra-group re-structuring, Trilogy Limited will become a subsidiary of the company.

The integration of Trilogy’s team and operations into the Hudson Group structure is expected to strengthen the Hudson Group’s retail operations and improve the services offered to its customers. Further to this strategic acquisition, the Hudson Group anticipates that new opportunities will come its way in the international markets in which it operates given the demand for the leading international brands represented by Trilogy Limited.

Furthermore, the company stated that it will keep the market informed of further developments with respect to the aforementioned transaction in due course.