Tharanco group acquires Greg Norman
Global golf apparel brand Greg Norman owned by MacGregor Golf has been acquired by New York-based Tharanco group for an undisclosed amount.
By ET Bureau |
NEW DELHI: Global golf apparel brand Greg Norman owned by MacGregor Golf has been acquired by New York-based Tharanco group for an undisclosed amount. Tharanco group is promoted by Indian Haresh Tharani and owns luxury fashion brands like Bill Blass, Poleci, Doo Ri and Joseph A.
The new company Tharanco Lifestyle LLC, will be co-partnered by MacGregor Golf President and CEO Michael Setola.
Greg Norman is available in India through a distribution tie-up with domestic company BTB Marketing.
"The company will continue to be focused on growth on international licensing " Mr Setola said in a press release.
The new agreement is effective immediately and the Greg Norman collection will continue to be managed and sold by its existing sales team. Marketing Management Group (MMG) represented MacGregor Golf in the transaction.
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