PGC increases stake in Switcher from 51% to 86%

PGC Corporation which recently changed its name from PGC Textile Corporation to just PGC Corporation has increased its stake holding in SWITCHER HOLDINGS SA head office out of Switzerland . Switcher has more than 1500 corporate customers and 1300 retail POS with more than 70 exclusive stores in Swiss and Europe . PGC Acquired 51% stake earlier in 2010 and out of the structured deal , it has increased its ownership from 51% to 86% today . PGC has also launched Switcher's sub brand WHALE in the USA and is selling over 150000 units per day in the American Market via PremDurai Imports USA Inc . With more deals such to be in pipeline , PGC has also announced the launch of Switcher Undergarment range for the Indian market which will touch more than 2000 counters in less than 6 months period .

PGC also plans to increase its production capacity shortly where the announcement will be made in the coming month .

Switcher re-launches its online shop !!!

Switcher has been having an online shop for nearly a decade now . It re-launched its online shop with a new look early this year .

Switcher.com / Switcher.com today delivers only in Switzerland but due to the customer requests flowing more and more recently , Switcher announced that Switcher.com will be able to deliver across Europe shortly before the end of this calendar year .

Switcher also has Swiss Olympics collection and 100% Swiss in its online store . 

PGC Corporation !!!

PGC announced its name change from PGC Textile Corporation to being in the future known as PGC Corporation this June 2012 .

PGC been having a constant growth over 50% for the past 5 years , announced its name change of the company .  Being vertically integrated , it has plans to increase its internal capacity to optimise its production this year .

PGC also subsequently acquired more shares in Switcher and increased its holding on Switcher from 51% share holding to 86% shareholding now .

PGC also launched Whale (Switcher's brand) in the USA recently and has said it has shown good response in the year .

PGC also announced that its Undergarment range of Switcher will shortly be launched in India as the pilot project became a success after trailing in 200 pilot POS (point of sales) done in early 2012 in India .It said that the production is on now and PGC will enable Switcher products to be available in more than 2000 counters before the end of this financial year .