Pioneer Embroideries has received an in principle approval to consider various options available to restructure the company including merger, demerger or other restructuring options, to provide greater focus to each business and reinforce competencies. The company has received an approval at its board meeting held on July 09, 2011.
Pioneer Embroideries believes that this will enable the company to dedicate managerial, marketing, technical and financial resources to each business suitably.
Pioneer Embroideries is one of the largest manufacturer-exporter of embroideries, Torchon/Bobbin laces, Raschel laces and other garment accessories. It is also the proud owners of the no.1 retail brand for embroidered clothing 'Hakoba'.
