Fashion retailer next has sealed a deal to acquire FatFace for a total equity value of £115.2 million, the firm announced this afternoon. Next said the deal would be combination of cash and shares, adding that FatFace CEO Will Crumbie will continue to lead the business. In the year to 27 May, FatFace hit total sales of £282 million with pre-tax profits of £19.5 million.
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