By Ian WalkerACQUIRER: ScS Group PLCSELLER: In administrationTARGET: Snugsofa.comPRICE: 875,000 pounds ($1.1 million)RATIONALE: Acquisition of Snug represents further progression in ScS's strategy. Snug's strong brand and differentiated digital-first offering will complement ScS's existing proposition, further diversifying its customer base and increasing market share. QUOTATION: "Snug is an exciting and young business with great potential. It has a strong and recognizable brand, a differentiated product and targets a market that complements our proposition," Chief Executive Steve Carson said. Write to Ian Walker at ian.walker@wsj.com

Source: Wall Street Journal January 10, 2023 18:36 UTC