By
Reuters
Published
Jun 16, 2010
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N. Brown adds Figleaves to its wardrobe

By
Reuters
Published
Jun 16, 2010

N Brown Group, owner of several home shopping businesses, has announced the 11.5 million pound ($17.79 million) acquisition of online lingerie retailer Figleaves.



N Brown is already the biggest retailer of lingerie on the internet and the acquisition will add 1.2 million monthly customers.

N Brown said that it expected the purchase to broaden its portfolio to include more young and premium customers. Chief executive Alan White said he will be considering further deals once Figleaves has been fully integrated.

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