Last checked at 11 Sep 2009 07:00
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 the joint Administrators, from PricewaterhouseCoopers LLP.
The company has acquired the brand, website, stock and the assets of 14 stores in the UK which in the year to 31 January 2009 had sales of over £8m, for a total cash cost of £1.6m.
High & Mighty is the pre-eminent brand in the tall and large menswear market and fits in with N Brown Groups' strategy to focus on niche products and customers. The Board of N Brown believes there is an excellent opportunity to create a multi-channel retail business with this brand 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:
| N Brown Group plc | |
| Alan White, Chief Executive Dean Moore, Finance Director | Tel: 0161 238 2202 Tel: 0161 238 2208 |
| Website: www.nbrown.co.uk |
|
| Kreab Gavin Anderson | |
| Fergus Wylie | Tel: 020 7074 1800 |
| Clotilde Gros |