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(Sharecast News) - N Brown Group revealed on Monday that non-executive director Joshua Alliance had snapped up 3.36m ordinary shares in the FTSE 250-listed clothing retailer.
Alliance, who joined N Brown in 2014, purchased the shares on Friday at an average price of 64.65p each, for a total of £2.17m.
Back in January, N Brown said it was suffering stock delays due to a shortage of shipping containers as the home shopping fashion group reported a revenue drop in the third quarter.
Group revenue for the 18 weeks to 2 January fell 8.8%, N Brown said in an update as sales of core brands such as JD Williams and Jacamo fell 1.4% and revenue from other brands such as Premier Man and High & Mighty fell 26.1%.
As of 1610 GMT, N Brown shares were up 2.74% at 71.20p.
Top Director Buys
Brown (n.) Group (BWNG)
Director name: Alliance,Joshua
Amount purchased: 3,365,000 @ 64.65p
Value: £2,175,472.47
Sirius Real Estate Ltd. (SRE)
Director name: Coombs,Andrew
Amount purchased: 450,000 @ 90.77p
Value: £408,478.49
Ms International (MSI)
Director name: Bell,Michael J
Amount purchased: 37,630 @ 159.50p
Value: £60,019.85
St. Modwen Properties (SMP)
Director name: Sambhi,Sarwjit
Amount purchased: 13,318 @ 390.64p
Value: £52,025.43
Rainbow Rare Earths Limited Npv (RBW)
Director name: Lowrie,Alexander
Amount purchased: 320,000 @ 12.00p
Value: £38,400.00
Redrow (RDW)
Director name: Nicholas Hewson ,Andrew
Amount purchased: 3,750 @ 564.97p
Value: £21,186.38
Epe Special Opportunities Limited (di) (ESO)
Director name: Pirouet,David Robert
Amount purchased: 2,911 @ 278.80p
Value: £8,115.87
Top Director Sells
Omega Diagnostics Group (ODX)
Director name: Harbison,Kieron
Amount sold: 940,000 @ 87.28p
Value: £820,429.19
Omega Diagnostics Group (ODX)
Director name: Rhodes ,Bill
Amount sold: 300,000 @ 87.28p
Value: £261,839.10
Omega Diagnostics Group (ODX)
Director name: Harbison,Kieron
Amount sold: 175,000 @ 89.76p
Value: £157,080.00
Omega Diagnostics Group (ODX)
Director name: Millard ,Jeremy
Amount sold: 166,666 @ 87.28p
Value: £145,465.59
Ms International (MSI)
Director name: Bell,Michael J
Amount sold: 37,630 @ 159.40p
Value: £59,982.22
Redrow (RDW)
Director name: Nicholas Hewson ,Andrew
Amount sold: 3,750 @ 563.09p
Value: £21,115.87
16 Jan 2020 08:09
UPDATE 1-Retailers Moss Bros, N Brown annual profit falls victim to discounting
(Adds details on discounting, context on industry)Jan 16 (Reuters) - Moss Bros and N Brown warned of poor annual performance after being forced to deeply discount earlier in the year to attract customers, adding to fears that British retailers are...
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