Frasers Group PLC Acquisition
29 April 2024 - 6:30PM
RNS Regulatory News
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
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