IG Design Group has announced the disposal of its US subsidiary, DG Americas (DGA), to a special purpose vehicle set up by Hilco Capital. The nominal $1 sale price represents a clean break ahead of the peak seasonal working capital with no ongoing recourse to the group, but with the upside optionality of 75% of any post sale (relevant) proceeds. We regard this as a timely and elegant exit from a business buffeted by many external factors, not least the evolving tariff situation. In the face of increasing profit and cash pressures, this protects shareholders from further downside risk.