25-08-2024
Lesha Bank LLC (Public) (“Lesha Bank”) announced the completion of its exit from David Morris International on 22 August 2024. The exit was completed through QFB Luxury Brands Ltd., a wholly owned subsidiary of Lesha Bank, selling its entire shareholding (representing 50% of the shares) in Waterflow Enterprises Corp (“Waterflow”) to Waterflow for GBP35 million implying a company valuation of GBP 70 million. Waterflow is the entity that owns David Morris International.