Frasers Group plc (LSE:FRAS) acquired Studio Retail Limited and Certain Other Assets of Studio Retail Group Plc (LSE:STU) on February 24, 2022. The consideration for the Transaction comprised cash and the release of SRG from its liabilities to the lending banks under its revolving credit facilities resulting in a cash payment by Frasers Group to the lenders in the amount of £26.8 million. Frasers Group also agreed to act as guarantor in respect of certain payments in respect of the SRG group pension scheme to the satisfaction of the Trustees.

Frasers Group plc (LSE:FRAS) completed the acquisition of Studio Retail Limited and Certain Other Assets of Studio Retail Group Plc (LSE:STU) on February 24, 2022.