Frasers Group has announced the acquisition of JD Sports Fashion’s interests in a number of fashion brands for up to £47.5m.
The brands include Base Childrenswear, Choice, Clothingsites (including Brown Bag Clothing), Cricket, Giulio, Kids Cavern, Missy Empire, Nicholas Deakins, Pretty Green, Prevu Studio, Rascal Clothing, Tessuti (including Xile), Scotts, Watch Shop and Topgrade Sportswear (including Get The Label).
The purchase will be funded from Frasers Group’s existing cash resources. Completion of the acquisition of eight of the businesses took place on exchange, with completion of the purchase of the remaining seven businesses expected to take place early next year.
Frasers Group also owns House of Fraser, Sports Direct and Flannels, among others.
