USA - related party transaction completed
October 05 2009 - 11:15AM
UK Regulatory
TIDMMUL
RNS Number : 2600A
Mulberry Group PLC
05 October 2009
Mulberry Group plc
USA - related party transaction completed
Mulberry Group plc ("Mulberry" or the "Group"), the luxury British fashion
brand, announced on 14 May 2009 that it had reached agreement in principle with
its US partner to terminate existing joint venture arrangements thereby allowing
Mulberry to take full control of the wholesale and retail sales of Mulberry
products in the key US market.
The completion of the transaction was subject to the execution of legal
documentation by the parties and the execution of the transfer of the two New
York retail leases to a wholly owned subsidiary of Mulberry. The Group can now
confirm that these have been executed and that the transaction is therefore
complete in all aspects.
For further details please contact:
+------------------------------------+------------------------------------+
| Pelham PR | Tel: +44 (0) 20 7337 1503 |
| David Wynne-Morgan | Tel: +44 (0) 20 7337 1515 |
| Gavin Davis | |
+------------------------------------+------------------------------------+
| Altium Capital | Tel: +44 (0) 20 7484 4076 |
| Ben Thorne | |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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