SECO Secora

    RNS Number : 5348Z
  Secora PLC
  21 July 2008
   


    Secora plc (the "Company")
    Further investment in Miller Harris Limited
    Secora plc, the investment company focusing on the development of consumer lifestyle brands in the entertainment, leisure, fashion and
health & beauty sectors, is pleased to announce that it has agreed to subscribe for a further 4.0% equity stake in Miller Harris Limited
("Miller Harris"), for a total consideration of �136,900 in cash.

    Miller Harris is a specialist luxury, independent fragrance house in the UK producing fragrances and ancillary products under the Miller
Harris brand (website www.millerharris.com). The business was founded in 2000 by Lyn Harris and currently trades through two retail stores
in London and concessions in several department stores in London, New York and Paris. For the 12 months ended 31 March 2007 Miller Harris
generated sales of �1.3m a loss before tax of �0.3m and net liabilities of �0.1m.

    The funds invested by Secora will be used to support Miller Harris' strategy to become a leading internationally renowned fragrance
house through developing its retail-arm along with investment in online and mail order sales. 

    Marcus Yeoman, Chairman commented:

    "We are pleased to announce a further investment in Miller Harris, a company which fits exactly within our strategy to invest in
consumer lifestyle brands. This takes our cumulative investment to 22% which is consistent with our aim of taking substantial stakes in our
target companies. We see significant potential for the Miller Harris brand and look forward to updates on their strategic development in the
near future".

    As a result of this investment, Secora's equity interest in Miller Harris now equates to 22%.

    For further information, please contact:

    Secora plc                                     0207 039 0187

    Marcus Yeoman Chairman  
    Richard Thompson Executive Director  

    Brewin Dolphin (NOMAD)
    Richard Evans / Alison Barrow      0845 270 8600

    END.

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCSEEFLFSASEFW

Grafico Azioni Secora (LSE:SECO)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Secora (LSE:SECO)
Storico
Da Lug 2023 a Lug 2024