ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential [Yahoo! Finance]
ECGI HOLDINGS INC (ECGI)
Company Research
Source: Yahoo! Finance
June 13, 2024 /PRNewswire/ -- ECGI Holdings, Inc. OTC: ECGI ) (ECGI or the Company), a diversified holding company with a unique portfolio in viticulture and luxury fashion, today announces the signing of a binding Letter of Intent (LOI) to acquire all outstanding shares of Pacific Saddlery, Inc. , a renowned manufacturer and retailer of luxury equestrian tack, apparel and accessories. This acquisition, strategically aligned with ECGI's objectives of expanding its presence in the luxury brands sector, marks a significant step in its efforts, instilling confidence in the future success of the merged companies. The LOI builds on the successful launch of Pacific Saddlery's mobile retail trailer earlier this year. The global equestrian apparel market, valued at approximately $6.5 billion in 2023, is projected to grow to $9.7 billion by 2032 . Additionally, the equestrian accessories market, including tack, is valued at approximately $2.17 billion and is expected to reach $3.02 billion b
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