Announced

H&T Group to acquire the pawnbroking business of Maxcroft for £11m.

Synopsis

H&T Group, a new and pre-owned jewellery and watches retailer, agreed to acquire the pawnbroking business of Maxcroft, a pawnbroker, for £11m. "We are very pleased to be able to announce these two transactions, both of which underline the Group's focus on growing and broadening its core pawnbroking business and investment in the store estate. We are also delighted to have further diversified and enhanced the Group's funding arrangements through the relationship with Pricoa. We look forward to updating the market further on the 12th March, when we announce our results for the year ended 31st December 2023," Chris Gillespie, H&T Group CEO.

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