Announced
Financials
Tags
Domestic
Public
E-commerce
Minority
United Kingdom
Acquisition
Friendly
Pending
online retailer
footwear retail
Single Bidder
clothing retailer
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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