M&A Surge in Fashion: Hallotex Nears Investment Deal with India’s Pratibha Group

Corporate operations reach the Spanish textile industry. Hallotex, one of the largest inter-suppliers in the country (with Inditex and Mango among its customers), is finalizing the signing of an agreement with the Indian company Pratibha Syntex for the latter to join its capital. The two companies, which have been collaborating for years to serve customers, are now strengthening their relationship in an agreement that will be completed in the coming weeks.

As confirmed to Modaes by sources close to Hallotex, based in Mataró (Barcelona), the entry of Pratibha, specialized in the production of knitwear, in the shareholding aims to create a relevant textile group with a global vocation, with operations in Morocco and India.

Pending the finalization of the details of the move, the percentage that Pratibha will take in Hallotex has not yet been defined. In any case, the Bonareu family, current owners of Hallotex, will remain in the management of the business, currently led by Jordi Bonareu.

Hallotex is finalizing with Pratibha, specialized in knitwear, the details of the operation

Hallotex, which started its activity in the nineties, was one of the first companies to redirect the textile business towards the management of sourcing and the design of collections for third parties, taking as a starting point a traditional textile business founded in 1948. While other Spanish inter-suppliers focus their production in Asia, Hallotex has played the proximity card, specifically with Morocco.

The company has its own production structure located in Tangier, Morocco, where it set up in 2002. Hallotex “is working to achieve production capacity for 20 million garments per year. Through the Vertical Mills division, Hallotex offers vertically integrated textile services, covering weaving, dyeing and finishing, printing, cutting and sewing.

In 2025, Hallotex launched the construction of a new corporate building in Tangier to house all production processes. In Morocco, the company employs more than 1,400 people.

Pratibha Syntex is headquartered in Pithampur, Madhya Pradesh, and has more than 6,000 employees

Hallotex’s new partner is a large knitwear supplier based in India. Founded in 1997, Pratibha Syntex is based in Pithampur, Madhya Pradesh, one of the country’s cotton-producing areas.

The company currently has customers from more than forty countries around the world and a workforce of over 6,000 employees. Pratibha started its operations with a 24,000-spindle spinning plant, which it has been expanding with the addition of weaving, dyeing and garmenting units in 2023.