USA - related party transacti

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 David Wynne-Morgan  Gavin Davis	Tel: [phone] Tel: [phone]
Altium Capital  Ben Thorne	Tel: [phone]

 

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