Last checked at 5 Oct 2009 16:15
Mulberry Group plc
USA - related party transaction completed
Mulberry Group plc ("Mulberry" or the "Group"), the luxury British fashion brand, announced on 14 May 2009 that it had reached agreement in principle with its US partner to terminate existing joint venture arrangements thereby allowing Mulberry to take full control of the wholesale and retail sales of Mulberry products in the key US market.
The completion of the transaction was subject to the execution of legal documentation by the parties and the execution of the transfer of the two New York retail leases to a wholly owned subsidiary of Mulberry. The Group can now confirm that these have been executed and that the transaction is therefore complete in all aspects.
For further details please contact:
| Pelham PR David Wynne-Morgan Gavin Davis | Tel: +44 (0) 20 7337 1503 Tel: +44 (0) 20 7337 1515 |
| Altium Capital Ben Thorne | Tel: +44 (0) 20 7484 4076 |