Home Retail, which owns high street catalogue retailer Argos and DIY chain Homebase, said it had bought the rights to the trademarks for exclusive use on consumer electronics and certain other goods sold in its Argos stores after Alba decided to end the supply of these branded products as part of a restructuring plan.
"The trademarks are household names with very strong heritage, which have high awareness and purchase frequency with Argos customers," Home Retail said in a statement.
It said the financial arrangements were such that it expects the deal to broadly earnings neutral for the year ended February 2010. read more
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