Brief: Shaver Shop Group Ltd Announces Acquisition Of Six Franchise Stores

Shaver Shop

03/12/2020 01:22

Dec 3 (Reuters) - Shaver Shop Group Ltd  SSG.AX :
    * SSG - ACQUISITION OF SIX FRANCHISE STORES & BUSINESS
UPDATE-SSG.AX
    * ENTERED DEFINITIVE AGREEMENT TO ACQUIRE SIX REMAINING
FRANCHISE
STORES IN NSW FOR $13 MILLION PLUS STOCK ON HAND
    * ESTIMATES ACQUISITION OF STORES WILL ADD $16 MILLION TO
$17
MILLION IN SALES IN FIRST FULL YEAR OF OWNERSHIP
    * TOTAL SALES FOR FIVE MONTHS ENDED 30 NOV WERE UP 19.1% TO
$88.4
MILLION
    * EXPECT ACQUISITION WILL BE IMMEDIATELY ACCRETIVE TO
EARNINGS PER
SHARE

Source text for Eikon:  urn:newsml:reuters.com:*:nASX228rwN
Further company coverage:  SSG.AX 

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