Ragolle sold to Victoria

First Balta, now Ragolle: The British Victoria Group is strengthening its commitment in Belgium and is taking over the manufacturer of machine-woven rugs, Ragolle Rugs. The strategic objective of both parties is "to ensure the continuity of Ragolle Rugs as a separate brand and not to integrate it commercially into a larger entity", says an announcement of the company. Current owners Herman and Myriam Verhelst-Ragolle will continue to run the company. Nothing is expected to change for customers. The takeover by Victoria is intended to further diversify and provide stability and steady growth.

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