Karachi: Image Pakistan Limited has disclosed plans to potentially acquire M/s. Elegantes London (Holdings) Limited, a Harrods-listed luxury fragrance and wellness brand. The acquisition consideration is being pursued through their wholly owned subsidiary, Image International Limited, incorporated in England and Wales.

The announcement, comes as Image Pakistan Limited seeks to expand its footprint in the global luxury sector. The company aims to leverage the brand equity and growth opportunities offered by Elegantes London, particularly in the United Kingdom and United States markets. The opportunity provides Image Pakistan Limited with a platform to enhance its presence in the expanding global luxury fragrance segment.

According to information available from the Pakistan Stock Exchange (PSX), Image Pakistan Limited is making strategic moves to diversify its portfolio and strengthen its market position. The acquisition aligns with the company's existing plans to enter the fragrance business, marking a significant step in its growth strategy.

The potential acquisition has been communicated to the TRE Certificate Holders of the Exchange in adherence to the regulatory requirements. This development is part of Image Pakistan Limited's broader initiative to seize new opportunities in the luxury sector, which is witnessing robust growth globally.