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BRIEF-Shaver Shop enters agreement to acquire Bondi Junction and McCarthur Square Franchises

Published 20/04/2017, 08:48 am
BRIEF-Shaver Shop enters agreement to acquire Bondi Junction and McCarthur Square Franchises

April 20 (Reuters) - Shaver Shop Group Ltd SSG.AX

* Now expects its FY17 full year EBITDA to be between $13.7 mln and $15.0 mln

* On a year to date basis, like for like sales for nine months ended 31 march 2017 are now up 1.3%

* Entered into a binding agreement to acquire Bondi Junction and McCarthur Square (NYSE:SQ) Franchises

* Settlement of binding agreement is scheduled for 31 MAY 2017

* Post completion earnings contribution from stores is not expected to be material to company's FY17 results Source text for Eikon: Further company coverage: SSG.AX

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