N Brown Shares Soar After Takeover Deal by Joshua Alliance

N Brown shares jump as much as 43% to the highest level since February 2023 after agreeing to a takeover by non-executive board member Joshua Alliance.

• AJ Bell’s investment director Russ Mould says N Brown looks set to become the latest UK firm to be taken private, having suffered a difficult time on the stock market over the past decade as it faced fierce competition, tired brands, legal issues and over-estimating the opportunity from selling plus-sized fashion
  • NOTE: N Brown had a market value of almost £1.7 billion at its peak valuation back in 2014, but has experienced a rough ...