Apparel
Naru buys Ciao stake
Chennai-based Naru Exports has acquired a major share in Italy’s Ciao World Srl, a garment retail company. Naru has acquired a 90 per cent share in the Italian company at a cost of Rs 35 crores. Naru will be the 100 per cent sourcing agent for Ciao till the end of December this year and from January 1, 2011, it will take over the operations of...
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