REG - Frasers Group PLC - Acquisition

FrasersAnnouncement

29/04/2024 17:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240429:nRSc4746Ma&default-theme=true

RNS Number : 4746M  Frasers Group PLC  29 April 2024

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

 

 

 FRASERS GROUP PLC
 Robert Palmer, Company Secretary          T. 0344 245 9200

 LEI: 213800JEGHHEAXIJDX34                 E. company.secretary@frasers.group (mailto:company.secretary@frasers.group)
 Chris Wootton, Chief Financial Officer    T. 0344 245 9200

                                           E. financial@frasers.group
 Rosie Oddy, Brunswick Group, PR Advisors  T. 07734 861279

                                           E. frasersgroup@brunswickgroup.com (mailto:frasersgroup@brunswickgroup.com)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQPPUUGCUPCGQB