Cravatex’s Wholly Owned Subsidiary (WoS)-- BB (UK) has incorporated a wholly owned subsidiary company viz. 'BB Europe GmbH' in Germany. Consequent to the said acquisition, BB Europe GmbH has become a step down Subsidiary of the company.
The object of the company is the distribution of its own and sub-licensed branded products for smooth conducting of the existing business of the subsidiary with European and other customers post Brexit.
Cravatex was incorporated in 1951. The company imports and distributes products of various brands, such as Johnson, Horizon, Vision, Body Solid, and Magnum. The company also distributes sports shoes and apparels, tennis balls, tennis rackets, and massage chairs and accessories. In addition, it manufactures and sells sports and casual wear.
