18th Feb 2019 11:32
18 February 2019
Footasylum plc
("Footasylum" or the "Company")
Acquisition of stake by JD Sports Fashion Plc
Footasylum, a UK-based fashion retailer focusing on the branded footwear and apparel markets, notes today's announcement that JD Sports Fashion Plc has acquired 8.3% of the issued share capital in Footasylum for investment purposes, and that it is prepared to acquire up to an aggregate interest of 29.9% of the Company.
Footasylum continues to operate its business as usual and remains focused on delivering its differentiated, product-led, multi-channel proposition.
Contacts:
Footasylum plc Nancy Kelsall (Company Secretary)
| Tel: +44 (0) 1706 746 777 |
GCA Altium Limited (Financial Adviser & Nominated Adviser) Phil Adams Sam Fuller Tim Richardson
| Tel: +44 (0) 20 7484 4040 |
Liberum Capital Limited (Broker) John Fishley Andrew Godber
| Tel: +44 (0) 20 3100 2222 |
Powerscourt (Financial Public Relations) Rob Greening Lisa Kavanagh Isabelle Saber
| Tel: +44 (0) 207 250 1446 |
Customer website: https://www.footasylum.com/
Investor website: http://investors.footasylum.com/
Notes to Editors:
Footasylum is a UK-based fashion retailer focusing on the branded footwear and apparel markets. The Company retails "on-trend" product ranges which are predominantly aimed at 16 to 24-year-old fashion-conscious consumers and are sourced from an extensive stable of third-party and own brands. These include well-known sports and casual footwear and apparel brands, as well as up-and-coming brands and own label products.
Examples of third-party brands include: adidas; Nike; The North Face; Gym King; Converse; New Balance; EA7; Vans; Nicce London; Under Armour; Tommy Hilfiger; and Calvin Klein. Examples of Footasylum's own brands include: Kings Will Dream and Alessandro Zavetti.
The Company operates a multi-channel model which combines a 70-strong store estate - in a variety of high street, mall and retail park locations in cities and towns throughout Great Britain - with a fast-growing online platform and a recently launched wholesale arm for distributing its own brand ranges via a network of partners.
Footasylum was founded in 2005 and the Company's ordinary shares were admitted to trading on AIM in November 2017.
Related Shares:
FOOT.L