Estonian clothing company licenses Ivo Nikkolo brand for €8m
Estonian clothing company Baltika has sold its women’s clothing brand Ivo Nikkolo on license, for €8m (US$8m) on a 10-year term, according to local media reports.
Chief executive officer Brigitta Kippak said the funds raised by the sale will be used to finance other Baltika Group activities, projects and investments.
For the full story, see the September 2022 edition of Textiles Eastern Europe.
Photo: Baltika