Business
Divestment of UK non-core fashion brands update
Divestment of UK non-core fashion brands update.
About this update from Jd Sports Fashion Plc
[{"type":"text","content":"\n \n \n \n \n \n \n 8 February 2023\n \n \n \n \n \n \n \n \n \n JD Sports Fashion Plc\n \n \n \n \n \n \n \n \n \n Completion of the Divestment of Certain Non-core UK Fashion Brands\n \n \n \n \n \n \n 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16 December 2022.\n \n \n \n \n \n Separately, the Group can confirm that Rascal Clothing Limited ('Rascal') has been withdrawn from the transaction with Frasers as one of the founders has exercised a pre-emption right agreed as part of the Group's acquisition of Rascal on 5 February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.\n \n \n \n \n \n The Group expects to complete the divestment of the business which trades as Topgrade Sportswear in due course.\n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n JD Sports Fashion Plc \n \n \n Tel: 0161 767 1000\n \n \n Andy Higginson, Chair\n \n \n Régis Schultz, Chief Executive Officer\n \n \n Neil Greenhalgh, Chief Financial Officer\n \n \n Alison Lees, Director of Investor Relations and Treasury\n \n \n \n \n \n \n \n \n FGS Global \n \n \n Tel: 0207 251 3801\n \n \n Rollo Head\n \n \n Jenny Davey\n \n \n James Thompson\n \n \n \n \n \n ","length":3694,"tagName":"div"}]