N Brown to Go Private in £191 Million Alliance Family Takeover

Joshua Alliance, a non-executive director and family member, leads the acquisition to delist the fashion retailer from the AIM market.

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.