Brand Acquisition (8770Z)
January 21 2011 - 5:01AM
UK Regulatory
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RNS Number : 8770Z
Brown (N.) Group PLC
21 January 2011
21 January 2011
N Brown Group plc
Brand Acquisition
N Brown Group plc, the leading internet and home shopping group,
today announces that, for a consideration in cash of GBP800,000, it
has agreed to purchase the 'SLIMMA' and 'SPLENDOUR' brands (and
associated intellectual property) from Slimma plc, an AIM listed
company, via its subsidiary JD Williams.
The acquisition secures these brands for use in N Brown's
portfolio. SLIMMA is a renowned brand for our JD Williams and
Julipa customers on skirts and trousers: SPLENDOUR is a lingerie
brand sold through the Figleaves website and also by Simply Be and
Fashion World.
The transaction is conditional upon Slimma plc changing its
registered name to CDU plc, for which Slimma plc is seeking
shareholder approval.
-Ends-
For further information please contact:
Kreab Gavin Anderson
Fergus Wylie / Clotilde Gros / Natalie Tel: 020 7074 1800
Biasin
Website : www.nbrown.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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