Shaver Shop (ASX:SSG) share price on watch after business update

The Shaver Shop Group Ltd (ASX: SSG) share price is on watch after the company provided a business update and announced the buyback of its final six franchise stores.

What could impact the Shaver Shop share price today?

It will be interesting to see what the Shaver Shop share price does today after the company advised it has entered into a definitive agreement to acquire its six remaining franchise stores in New South Wales for $13 million plus stock on hand. The transaction is expected to complete on 1 February 2021. 

Shaver Shop’s Managing Director and CEO, Mr Cameron Fox, said:

We are very excited to be acquiring the last six franchised stores and turning Shaver Shop into a fully owned corporate network. These are powerhouse…