Last checked at 1 Jun 2022 07:00
Date: 1 June 2022
FRASERS GROUP PLC
ACQUISITION OF MISSGUIDED
Frasers Group plc ("FG" or "The Group") announces that it has acquired certain intellectual property of the online women's fashion retailer, Missguided Limited (in administration), Mennace Limited (in administration) and Missguided (IP) Limited for a cash consideration of £20 million. Following completion, the business will be operated by the administrator under a transitional agreement for a period of approximately 8 weeks. It is then the intention that Missguided will operate as a standalone business within the Group.
Michael Murray, Chief Executive of Frasers Group, commented: "We are delighted to secure a long-term future for Missguided, which will benefit from the strength and scale of FG's platform and our operational excellence. Missguided's digital-first approach to the latest trends in women's fashion will bring additional expertise to the wider Frasers Group."
Ends.
Frasers Group plc
Thomas Piper, Company Secretary T. 0344 245 9200
LEI:213800JEGHHEAXIJDX34 E. investor.relations@frasers.group
Chris Wootton, Chief Financial T. 0344 245 9200
Officer E. financial@frasers.group
Ronnie Laffar, Head of PR & T. 07585 886189
Communications E. fgpr@frasers.group
Rosie Oddy, Brunswick Group, T. 07734 861279
PR Advisors E. frasersgroup@brunswick.com
Numis
Luke Bordewich T. 020 7260 1000
Ollie Steele
Duncan Wilson
Liberum
John Fishley T. 020 3100 2000
Kane Collins
Nikhil Varghese