Victorian Plumbing Group Plc (GB:VIC) has released an update.
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Victorian Plumbing Group Plc, the UK’s top bathroom retailer, has acquired online bathroom retailer Victoria Plum for £22.5 million, financed through cash reserves and set at approximately half of Victoria Plum’s estimated yearly revenue. The strategic move aims to leverage Victoria Plum’s brand and customer base, with the expectation of reaching break-even in the latter half of 2024. CEO Mark Radcliffe has expressed enthusiasm for the acquisition, highlighting its potential for growth and shareholder value.
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