REG - Frasers Group PLC - Acquisition of Missguided

FrasersAnnouncement

01/06/2022 07:00

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RNS Number : 4794N  Frasers Group PLC  01 June 2022

Date:  1 June 2022

 

FRASERS GROUP PLC

ACQUISITION OF MISSGUIDED

 

Frasers Group plc ("FG" or "The Group") announces that it has acquired certain
intellectual property of the online women's fashion retailer, Missguided
Limited  (in administration), Mennace Limited (in administration) and
Missguided (IP) Limited for a cash consideration of £20 million. Following
completion, the business will be operated by the administrator under a
transitional agreement for a period of approximately 8 weeks. It is then the
intention that Missguided will operate as a standalone business within the
Group.

Michael Murray, Chief Executive of Frasers Group, commented: "We are delighted
to secure a long-term future for Missguided, which will benefit from the
strength and scale of FG's platform and our operational excellence.
Missguided's digital-first approach to the latest trends in women's fashion
will bring additional expertise to the wider Frasers Group."

 

Ends.

Frasers Group plc

Thomas Piper, Company
Secretary
T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34
                  E. investor.relations@frasers.group
(mailto:investor.relations@frasers.group)

 

Chris Wootton, Chief Financial
                   T. 0344 245 9200

Officer
                                               E.
financial@frasers.group (mailto:financial@frasers.group)

 

Ronnie Laffar, Head of PR &
 
T. 07585 886189

Communications
                                 E. fgpr@frasers.group
(mailto:fgpr@frasers.group)

 

Rosie Oddy, Brunswick Group,
                    T. 07734 861279

PR Advisors
                                         E.
frasersgroup@brunswick.com (mailto:frasersgroup@brunswick.com)

Numis

 

Luke Bordewich
                                     T. 020 7260 1000

Ollie Steele

Duncan Wilson

 

Liberum

 

John Fishley
                                           T. 020 3100
2000

Kane Collins

Nikhil Varghese

 

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