Frasers Group Plc (FRAS.L), Tuesday announced the acquisition of Swindon Designer Outlet, a covered designer outlet in Swindon, England. The financial details of the deal were not disclosed.
The company expects the acquisition to strengthen its positions as both retailer and landlord.
CEO Michael Murray commented, "This acquisition reinforces our property strategy and unlocks new opportunities for our brands and our partners."
Currently, FRAS is trading at 652.00 pence, down 0.46 percent on the London Stock Exchange.
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