- Home
- Overview
- Business review
- US competitive strengths
- US marketplace
- US operating review
- UK competitive strengths
- UK operating review
- UK marketplace
- Description of properties & Group employees
- Key performance indicators
- Group financial review
- Risk and other factors
- Forward-looking statements
- Impact of general economic conditions
- Staff
- Short term variations
- Reputation and marketing
- Long term changes
- Store portfolio
- Competition
- Suppliers
- Raw materials and the supply chain
- Seasonality
- Social, ethical and environmental risks
- Internal controls and systems
- Legal actions
- Regulatory requirements
- US GAAP and IFRS
- Listing and domicile
- Acquisitions
- Pensions
- Equity and debt financing
- Financial market risks
- Corporate governance
- Financial statements
- Shareholder information
Risk and other factors
Acquisitions
The Group may in the future make acquisitions or be involved in a business combination. Any difficulty integrating an acquisition or a business combination may result in expected returns and other projected benefits from such an exercise not being realised. A significant transaction could also disrupt the operation of the Group’s current activities. The Group’s growth strategy does not depend on an acquisition or business combination and a transaction would be intended to accelerate the implementation of that strategy.