JD Sports Fashion Plc Divestment of UK non-core fashion brands update (2333P)
February 08 2023 - 2:00AM
UK Regulatory
TIDMJD.
RNS Number : 2333P
JD Sports Fashion Plc
08 February 2023
8 February 2023
JD Sports Fashion Plc
Completion of the Divestment of Certain Non-core UK Fashion
Brands
JD Sports Fashion Plc ('Group') announces that it has formally
completed the divestment of the businesses which trade as Tessuti
(inc Xile), Scotts, Choice, Giulio and Cricket to Frasers Group Plc
('Frasers'). All the terms of the transaction remain as outlined in
the announcement made on 16 December 2022.
Separately, the Group can confirm that Rascal Clothing Limited
('Rascal') has been withdrawn from the transaction with Frasers as
one of the founders has exercised a pre-emption right agreed as
part of the Group's acquisition of Rascal on 5 February 2019. The
divestment of Rascal completed on 6 February 2023.
The Group expects to complete the divestment of the business
which trades as Topgrade Sportswear in due course.
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Andy Higginson, Chair
Régis Schultz, Chief Executive Officer
Neil Greenhalgh, Chief Financial Officer
Alison Lees, Director of Investor Relations and Treasury
FGS Global Tel: 0207 251 3801
Rollo Head
Jenny Davey
James Thompson
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