Junaid Jamshed’s Company Has Been Acquired
The well-known Pakistani brand, Junaid Jamshed, has now entered a new phase.
Approval of the Merger
The Competition Commission of Pakistan (CCP) has approved the merger between Junaid Jamshed and You & I Garments Private Limited.
The Future of the Junaid Jamshed Brand
This merger means that the Junaid Jamshed brand, which made its mark in the world of clothing, perfumes, and cosmetics, will now become a part of You & I Garments.
A Merger Like a Family Integration
Interestingly, You & I Garments already owned 25% of the shares in the Junaid Jamshed company. Therefore, this merger is more like a family integration. Now, the relationship has been legally formalized and strengthened.
Junaid Jamshed as a Separate Entity Will Cease
Following this decision, the Junaid Jamshed company will cease to exist as a separate entity, and all its business operations, assets, and liabilities will be merged into You & I Garments.
Market Competition Assessment
The CCP conducted a thorough review to determine whether the merger would affect market competition. The Commission stated that there are enough competitors in the market, so no monopoly will be created and there will be no major impact on competition.
Will the Name Remain?
Now all eyes are on whether the Junaid Jamshed brand name will remain or if You & I will introduce a new name and identity.
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