Date: 8 February 2023
FRASERS GROUP PLC
("Frasers Group" or "the Company")
UPDATE ON ACQUISITION OF FASHION BRANDS
Further to the announcement of 16 December 2022, Frasers Group announces the completion of the acquisition of five of the remaining seven premium fashion brands (Cricket, Tessuti, Scotts, Giulio and Choice). The terms of these acquisitions remain as set out in the announcement of 16 December 2022.
The acquisition of the Rascal Clothing brand will no longer proceed.
Frasers Group will make a further announcement concerning completion of the acquisition of the remaining premium fashion brand (Topgrade Sportswear (including Get The Label)) in due course.
Ends
Frasers Group plc
Robert Palmer, Company Secretary T. 0344 245 9200
LEI:213800JEGHHEAXIJDX34 E. investor.relations@frasers.group
Chris Wootton, Chief Financial Officer T. 0344 245 9200 E. financial@frasers.group
Ronnie Laffar, Head of PR & Communications T. 07585 886189
E. fgpr@frasers.group
Rosie Oddy, Brunswick Group, T. 07734 861279
PR Advisors E. frasersgroup@brunswick.com
Numis T. 020 7260 1000
Luke Bordewich
Stuart Ord
Ollie Steele
Liberum T. 020 3100 2000
John Fishley
Kane Collins
Nikhil Varghese