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Date:
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20 August 2024
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On behalf of:
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Sosandar plc ('Sosandar' or 'the
Company')
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Embargoed until:
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0700hrs
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Sosandar plc
Third store agreement signed with Metrocentre near
Newcastle
Sosandar plc (AIM: SOS), one of the
fastest growing fashion brands in the UK, creating quality,
trend-led products for women of all ages, announces that it has
signed a lease agreement for its third store in the North-East's
Metrocentre. The store is expected to open in October in time for
the key Christmas trading period and will follow the opening of
Sosandar's first two stores in Chelmsford and Marlow in September.
Metrocentre is a top five UK super
regional mall, located in Gateshead, outside Newcastle. Metrocentre
was visited by 14.4 million people in 2023, an increase on the
prior year. Sosandar's store will sit in the heart of Metrocentre's
Platinum Mall, which is home to higher-end and designer stores,
alongside other highly regarded brands such as Jo Malone, Harrods'
H Beauty, and Hobbs.
This is the third store that
Sosandar has signed this calendar year, with a number of others in
the latter stages of legal processes and further prospective stores
across a broader set of locations identified and under
review.
Ali Hall and Julie Lavington,
Co-CEOs at Sosandar, commented: "We are
pleased to announce the third location for our Sosandar stores. We
have a strict criteria of opening stores in top tier, thriving
locations where Sosandar customers over-index, and Metrocentre
ticks all these boxes. Metrocentre has a reputation for hosting a
versatile range of fashion retailers and we look forward to the
official opening of our store in the coming months."
Enquiries
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Sosandar plc
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www.sosandar.com
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Julie Lavington / Ali Hall, Joint
CEOs
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c/o Alma PR
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Steve Dilks, CFO
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Singer Capital Markets
Peter Steel / Tom Salvesen / Alaina
Wong
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+44 (0) 20 7496 3000
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Alma
Strategic Communications
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+44 (0) 20 3405 0205
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Sam Modlin / Rebecca Sanders-Hewett /
Kinvara Verdon
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sosandar@almastrategic.com
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About Sosandar plc
Sosandar is one of the fastest
growing women's fashion brands in the UK targeting style conscious
women who have graduated from lower quality, price-led
alternatives. The Company offers this underserved audience
fashion-forward, affordable, quality clothing to make them feel
sexy, feminine, and chic. The business sells predominantly
own-label exclusive product designed and tested
in-house.
Sosandar's product range is diverse,
providing its customers with an array of choice for all occasions
across all women's fashion categories. The company sells through
Sosandar.com and has a number of high value brand partnerships
including with Next and Marks & Spencer.
Sosandar's success has been built on
an exceptional product range, seamless customer experience and
impactful, lifestyle marketing, all of which is underpinned by
combining innovation with data analysis. Our growth strategy is
focused on continuing to grow brand awareness and expand our
addressable market and routes to market, reaching customers
wherever they wish to shop. This is achieved both through
direct to consumer channels and through chosen third party
partners.
Sosandar was founded in 2016 and
listed on AIM in 2017. More information is available at
www.sosandar-ir.com