Under a Master Franchise Agreement with iRiparo, 1923 Investments, operating under the iRiparo brand, will launch and manage a network of stores dedicated to high quality mobile device repair and the sale of refurbished phones and of accessories in 31 countries across Europe. iRiparo itself is already present in Italy, France, Spain, and the UK with 380 stores.
1923 Investments’ initial target region for its iRiparo operation will be western Germany, with the first store opening in the second half of 2022 in Bochum. The company is committed to live up to the Hili Ventures values of Sustainability and Impact for Good as it operates this new venture in adherence to the principles of the circular economy – the circulation of products and materials, the elimination of waste, and the regeneration of materials.
Carmelo Caruana Company Ltd is a Mediterranean leader focused on delivering excellence in free trade zone warehousing and logistics, ship and liner agency services, and ship-to-ship operations through a portfolio of companies since 1923. Carmelo Caruana Freeport Operations delivers tailored solutions in a free trade zone, including warehousing, repackaging, relabelling, value added services, and cross-docking.