PDS Multinational Fashions to take stake in Zen Industries B.V.
PDS Multinational Fashions Limited said that its subsidiary — Smart Notch Industrial Limited will acquire a 5% stake in Zen Industries B.V. for a sum of €500,000.
Based in the Netherlands, Zen Industries is engaged in the manufacturing, distribution, and retailing of athletic and lifestyle footwear and apparel. The company was incorporated in September 2020.
Smart Notch Industrial will be acquiring 5,000 preference shares in Zen Industries, priced at €100 each.
According to PDS Multinational Fashions, the investment in the Dutch firm is in line with its sustainability targets, and is synergistic for the supply chain of its apparel business.
Furthermore, the stake in Zen Industries will provide scope for PDS Multinational Fashions to source and manufacture apparel products.
Based in India, PDS Multinational Fashions is engaged in managing supply chains for major brands and retailers around the world.