Acquisition
Date: 29 April 2024
FRASERS GROUP PLC
Frasers Group plc ("FG" or "the Group") announces that it has reached an agreement with the Joint Administrators of the online fashion retailer Matches Fashion Limited (in Administration) to acquire certain intellectual property assets only.
This transaction was completed following an extensive marketing process by the Joint Administrators and under the terms of this transaction FG has granted a licence that allows the Joint Administrators to sell the stock Matches holds through a period of continued trading for the benefit of the Administration.
Brands and suppliers should be aware that all stock held by Matches does not form part of the transaction and the Joint Administrators continue to manage all operations of the business for the benefit of the Administration.
Ends
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FRASERS GROUP PLC |
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Robert Palmer, Company Secretary LEI: 213800JEGHHEAXIJDX34 |
T. 0344 245 9200 |
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Chris Wootton, Chief Financial Officer |
T. 0344 245 9200 E. financial@frasers.group |
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Rosie Oddy, Brunswick Group, PR Advisors |
T. 07734 861279 |
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