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11 Sep 2009 07:00
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N Brown Group
ACQUISITION OF HIGH & MIGHTY LTD
N Brown Group plc, the leading home shopping group, announces the acquisition of certain assets of High & Mighty Ltd from theΒ jointΒ Administrators,Β fromΒ PricewaterhouseCoopersΒ LLP.
The company has acquired the brand, website, stock and the assets ofΒ 14Β storesΒ in theΒ UKΒ which in the year toΒ 31 JanuaryΒ 2009 had sales ofΒ overΒ Β£8m, for aΒ totalΒ cashΒ cost ofΒ Β£1.6m.
High & Mighty is the pre-eminent brand in the tall and large menswear market and fits in withΒ N Brown Groups'Β strategy to focus on niche products and customers. The Board ofΒ N Brown believes there is an excellent opportunity to create a multi-channel retail businessΒ with this brandΒ comprising a portfolio of stores in major cities complemented by the reintroduction of catalogues and the development of the online offer.
N Brown Group plc will be announcing its half year results on 14 October 2009.
ENQUIRIES:
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N Brown Group plc |
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Alan White, Chief Executive Dean Moore, Finance Director |
Tel: 0161 238 2202 Tel: 0161 238 2208 |
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Website:Β www.nbrown.co.uk |
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Kreab Gavin Anderson |
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Fergus Wylie |
Tel: 020Β 7074Β 1800 |
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Clotilde GrosΒ |
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