SLM Slimma

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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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