Esotiq & Henderson to be divided

Clothing and cosmetics producer Esotiq & Henderson is to be divided into separate entities. The division is to take place by way of transferring fashion segment assets to a newly-established company, Eurobuild CEE informed. Esotiq & Henderson has stated that the aim of the division is to improve its ability to compete on the market and to increase the value of its developing fashion segment. It is also the management board’s intention to float shares of the new company on the Warsaw Stock Exchange’s NewConnect alternative market. Esotiq & Henderson was founded in 2010 following the acquisition of LPP’s operations in the underwear segment, which was mostly based on the Esotiq & Henderson brand.