Company Announcements

Acquisition of Premium Fashion Brands

Source: RNS
RNS Number : 0553K
Frasers Group PLC
16 December 2022

Date: 16 December 2022



("Frasers Group" or "the Company")




Frasers Group announces the acquisition from JD Sports Fashion Plc ("JD") of JD's interests in the premium fashion brands 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 "Businesses") by way of the acquisition of shares held by JD and the transfer of all of the indebtedness owing to JD by the Businesses, by, and to, subsidiaries of Frasers Group.

The amount payable for the acquisition of the shares and the indebtedness from JD is up to £47.5 million in the aggregate and will be funded from Frasers Group's existing cash resources. Completion of the acquisition of eight of the Businesses and the debt took place on exchange, with completion of the acquisition of the remaining seven Businesses (Cricket, Tessuti  Scotts, Giulio, Choice, Rascal Clothing and Topgrade Sportswear (including Get The Label)) expected to take place in early 2023[1].





Frasers Group plc


Robert Palmer, Company Secretary                         T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34                                 E.


Chris Wootton, Chief Financial Officer                      T. 0344 245 9200



Ronnie Laffar, Head of PR & Communications         T. 07585 886189



Rosie Oddy, Brunswick Group,                                  T. 07734 861279

PR Advisors                                                                E.


Numis                                                                         T. 020 7260 1000


Luke Bordewich

Stuart Ord                                                                               

Ollie Steele


Liberum                                                                      T. 020 3100 2000


John Fishley

Kane Collins

Nikhil Varghese

[1] Based on their latest filed individual annual accounts, the Businesses had aggregate gross assets of approx. £239 million and profit before tax of approx. £5.3 million. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.