Overview

• Joshua Alliance will acquire remaining shares at 40p each, valuing N Brown at £191 million.
• The Alliance family, including former executive chairman Lord David Alliance, currently controls 60% of the company.
• The takeover is supported by Mike Ashley's Frasers Group, which holds a 20.3% stake in N Brown.
• The move is intended to enhance N Brown's growth potential by reducing costs associated with public listing.
• N Brown, known for brands like Simply Be and Jacamo, recently returned to profitability with a £200,000 first-half profit.