REG - Sosandar PLC - Third store agreement signed with Metrocentre

SosandarAnnouncement

20/08/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240820:nRST0090Ba&default-theme=true

RNS Number : 0090B  Sosandar PLC  20 August 2024

 Date:             20 August 2024
 On behalf of:     Sosandar plc ('Sosandar' or 'the Company')
 Embargoed until:  0700hrs

 

Sosandar plc

Third store agreement signed with Metrocentre near Newcastle

 

Sosandar plc (AIM: SOS), one of the fastest growing fashion brands in the UK,
creating quality, trend-led products for women of all ages, announces that it
has signed a lease agreement for its third store in the North-East's
Metrocentre. The store is expected to open in October in time for the key
Christmas trading period and will follow the opening of Sosandar's first two
stores in Chelmsford and Marlow in September.
 

 

Metrocentre is a top five UK super regional mall, located in Gateshead,
outside Newcastle. Metrocentre was visited by 14.4 million people in 2023, an
increase on the prior year. Sosandar's store will sit in the heart of
Metrocentre's Platinum Mall, which is home to higher-end and designer stores,
alongside other highly regarded brands such as Jo Malone, Harrods' H Beauty,
and Hobbs.

 

This is the third store that Sosandar has signed this calendar year, with a
number of others in the latter stages of legal processes and further
prospective stores across a broader set of locations identified and under
review.

 

Ali Hall and Julie Lavington, Co-CEOs at Sosandar, commented: "We are
pleased to announce the third location for our Sosandar stores. We have a
strict criteria of opening stores in top tier, thriving locations where
Sosandar customers over-index, and Metrocentre ticks all these boxes.
Metrocentre has a reputation for hosting a versatile range of fashion
retailers and we look forward to the official opening of our store in the
coming months."

 

 

Enquiries

 Sosandar plc                                          www.sosandar.com (http://www.sosandar.com)
 Julie Lavington / Ali Hall, Joint CEOs                c/o Alma PR
 Steve Dilks, CFO
 Singer Capital Markets                                +44 (0) 20 7496 3000

 Peter Steel / Tom Salvesen / Alaina Wong
 Alma Strategic Communications                         +44 (0) 20 3405 0205
 Sam Modlin / Rebecca Sanders-Hewett / Kinvara Verdon  sosandar@almastrategic.com (mailto:sosandar@almastrategic.com)

About Sosandar plc

Sosandar is one of the fastest growing women's fashion brands in the UK
targeting style conscious women who have graduated from lower quality,
price-led alternatives. The Company offers this underserved audience
fashion-forward, affordable, quality clothing to make them feel sexy,
feminine, and chic. The business sells predominantly own-label exclusive
product designed and tested in-house.

Sosandar's product range is diverse, providing its customers with an array of
choice for all occasions across all women's fashion categories. The company
sells through Sosandar.com and has a number of high value brand partnerships
including with Next and Marks & Spencer.

Sosandar's success has been built on an exceptional product range, seamless
customer experience and impactful, lifestyle marketing, all of which is
underpinned by combining innovation with data analysis. Our growth strategy is
focused on continuing to grow brand awareness and expand our addressable
market and routes to market, reaching customers wherever they wish to
shop. This is achieved both through direct to consumer channels and through
chosen third party partners.

Sosandar was founded in 2016 and listed on AIM in 2017. More information is
available at www.sosandar-ir.com (http://www.sosandar-ir.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  AGREANPNFSDLEFA