REG - JD Sports Fashion - Divestment of UK non-core fashion brands update

JD Sports FashionAnnouncement

08/02/2023 07:00

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RNS Number : 2333P  JD Sports Fashion Plc  08 February 2023

 

8 February 2023

 

JD Sports Fashion Plc

 

Completion of the Divestment of Certain Non-core UK Fashion Brands

 

JD Sports Fashion Plc ('Group') announces that it has formally completed the
divestment of the businesses which trade as Tessuti (inc Xile), Scotts,
Choice, Giulio and Cricket to Frasers Group Plc ('Frasers'). All the terms of
the transaction remain as outlined in the announcement made on 16 December
2022.

 

Separately, the Group can confirm that Rascal Clothing Limited ('Rascal') has
been withdrawn from the transaction with Frasers as one of the founders has
exercised a pre-emption right agreed as part of the Group's acquisition of
Rascal on 5 February 2019. The divestment of Rascal completed on 6 February
2023.

 

The Group expects to complete the divestment of the business which trades as
Topgrade Sportswear in due course.

 

Enquiries:

 

JD Sports Fashion
Plc                                                                                     Tel:
0161 767 1000

Andy Higginson, Chair

Régis Schultz, Chief Executive Officer

Neil Greenhalgh, Chief Financial Officer

Alison Lees, Director of Investor Relations and Treasury

 

FGS
Global
Tel: 0207 251 3801

Rollo Head

Jenny Davey

James Thompson

 

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