The acquisition expands PAG’s franchise in Japan and signifies its long-term commitment to the Japanese market and economy.

As of H1 2022 sales of Hoztorg LLC amounted to € 0.75 mil., representing 0.34% of the Group's total sales.

Papoutsanis enters the clothing care and general purpose cleaning markets.

The duration of the project was set at 400 days from the signing of the contract.