House of Pearl acquire warehouse facility in Milton Keynes UK

House of Pearl Fashions Ltd has announced that the Company has acquired a warehouse facility admeasuring 43,000 sq. ft. in Milton Keynes UK. With this the total storage capacity of the Company through its subsidiary Poeticgem Ltd. will be over 90,000 sq. ft.

The Company has invested over 2.4 million pounds for the acquisition of warehouse facility through internal accruals and debt.

Further the Company has informed that, with above acquisition the present garment handling capacity will enhance from 2 Million pieces per month to 3 Million pieces.

Source : Equity Bulls

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