Morellato & Sector Group, specialised in manufacturing and distributing of fashion branded jewels and watches, has established Morellato India Ltd, a 50:50 joint venture with Gitanjali Gems Limited, the Indian jewellery retailer and manufacturer.
Morellato & Sector has a leadership in the production and distribution of jewels and watches under own brands and under license as Morellato, Molecole, Sector, Philip Watch, Just Cavalli, Miss Sixty, John Galliano, Pirelli.
The J.V. agreement with Gitanjali Gems, listed at Bombay Stock Exchange, provides for the distribution of all Morellato brands of watches and jewellery in India and the opening of new 50 Morellato & Co points of sale.
Morellato & Sector has been advised by Cavour Corporate Finance and the Indian IMAP partner Dua AFG Consultants.