Hancock & Gore acquires Trutex in strategic pivot toward global schoolwear leadership
SYDNEY: Hancock & Gore Ltd (H&G) said on Tuesday it had acquired UK-based schoolwear brand Trutex Group in an all-cash deal valued at approximately A$26 million, marking a strategic transformation into a global schoolwear business under the Schoolblazer Group banner. The acquisition, funded entirely from H&G’s balance sheet, brings together Trutex, Schoolblazer UK, and Mountcastle,…