KBS Fashion Group signs letter of intent to acquire Tribe Wearables

KBS Fashion Group Ltd. executed a non-binding Letter of Intent to acquire Tribe Wearables, a smart clothing technology company in Komotini, Greece. KBS will first acquire 20% equity based on a $5 million pre-money valuation, with an option to acquire additional interests.

“We are very excited to invest in Tribe, one of the most innovative smart clothing technology companies internationally.”textileworld.com

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• textileworld.comKBS Fashion Group Announces Letter Of Intent To Acquire Tribe Wearables, A Private Smart Clothing Technology Company Located In Greece | Textile WorldJim BornemanFeb 19, 2019

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