Mirza International Limited has informed the Exchange about Acquisition
MIRZAINT · price
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Mirza International Limited has acquired Genesis Brands UG, a Germany-based company, making it a 100% Wholly Owned Subsidiary. Genesis Brands UG was incorporated on July 22, 2025, in the footwear industry, and is yet to commence business operations. Its share capital is GBP 863.47 and it has no turnover yet. The acquisition was done entirely in cash, but the actual cost of acquisition has not been disclosed. The purpose is to carry out retail marketing and e-commerce business of footwear in Germany. No government or regulatory approvals were required for this deal.
This is a small, newly incorporated entity with no revenue yet, so the immediate financial impact on Mirza International is likely minimal. However, it signals the company's intent to expand its footwear retail and e-commerce presence in the European market through a dedicated German subsidiary.