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Majotech buys Chinese shares and becomes 100% Italian again

22 December 2020
Majotech buys Chinese shares and becomes 100% Italian again
News

Majotech buys Chinese shares and becomes 100% Italian again

Majotech buys Chinese shares and becomes 100% Italian again 1920 600 Majocchi S.r.l.

With great enthusiasm and satisfaction Andrea Terracini, owner and CEO of Majotech, announces the acquisition of the shares sold to the Chinese group Jihua

A significant corporate change has recently taken place in one of the most successful companies in the textile and luxury fashion field: Majotech has returned entirely to Italian hands. Andrea Terracini has, in fact, completed the acquisition of 51% of the share capital from Jihua Group Corporation Ltd – a Chinese group principally engaged in the production and distribution of military and civil products. Majotech would like to thank its partner for the long journey they have made together in the eight years of collaboration, confirming their commitment to international growth. The aim is to face new challenges while remaining faithful to its core values: from design to performance, through innovation and passion, always with an ethical and environmentally friendly approach.