Strategic exit from Mauritius and Madagascar
Coats has signed an agreement to sell its business operations in Mauritius and Madagascar to Hardy Henry Textiles Ltée, a key player in the Mauritian textile industry. The sale is expected to complete on 31 January 2023.
An exit from the Mauritius and Madagascar is in line with Coats’ strategic initiatives, announced in March, to accelerate profitable sales growth and transform the company.
