Pearl Global Industries’ wholly owned subsidiary — Pearl Global (HK), Hong Kong has acquired 9 52.11% equity capital of Bangladesh based, Alpha Clothing (Alpha) for $1.05 million through internal accruals.
The acquisition of Alpha will enhance the production capacity of Pearl Group by 8 million pieces per year.
Alpha, being Gold Leed Certified facility and approved by some major buyers will help Pearl Group to strengthen its manufacturing presence in Bangladesh market and fuel incremental growth through new customer acquisition and additional demand from existing customers
Alpha commenced its operations in the year 2013 with a modest workforce of 150 people and 100 machines.
With efficient production processes, it has currently grown to a workforce of 2,100 people, 1,000 sewing machines, and a capacity of 8 million pieces a year. Alpha was a part of the approved facilities for outsourcing.
Pearl Global Industries is an end-to-end clothing vendor and supplier with a presence across the globe.
It has the capacity to manufacture around 75 million units per year (including own and outsourced facilities).
Company revenue structure is primarily export based and exports contribute more than 95% to the company’s topline.
PGIL provides total supply chain solutions to customers-value retailers and high‐end fashion brand retails in the United States and Europe.
Business model enables them to offer superior quality products across various countries, catering to all kinds of consumers.
Key Global clientele include GAP, Banana Republic, Kohl’s, Macy, Walmart, Target Australia, Inditex, Ralph Lauren, Next, Tom Tailor, Old Navy, Muji, Tommy Hilfiger, Belk & Loft, among others.