Announced

Lord Alliance of Manchester to invest £100m in N Brown.

Synopsis

The family office of Lord Alliance of Manchester CBE and his son Joshua Alliance agreed to invest £100m ($130m) in N Brown, a clothing and footwear digital retailer in the UK. "The proposed capital raise will give us the firepower to invest further in our digital capabilities and accelerate our growth strategy, whilst significantly strengthening the Group's balance sheet to provide us with ongoing flexibility and a strong platform from which to deliver returns for all of our shareholders," Steve Johnson, N Brown CEO.

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