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Himatsingka America Inc., a wholly-owned stepdown subsidiary of Himatsingka Seide , has acquired the home portfolio of Global Brands Group Holding Limited. The acquired home portfolio includes the exclusive license rights to the iconic Tommy Hilfiger brand, besides Copper Fit and other brands. This brand portfolio is estimated to contribute annual revenues of $60-65 million to the group. Shares of Himatsingka Seide gained 1.85 per cent at ₹360.45 on the NSE.
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