Frasers Group to axe 100 roles in Manchester
This comes as part of a company-wide efficiency drive to facilitate the group’s continued acquisition spree
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Frasers Group is reportedly set to axe more than 100 roles in its head office in Manchester in a bid to streamline the business, Drapers has reported.
It is understood that the retail group has entered into a consultation period with staff from Missguided, I saw It First and Studio Retail.
This comes as part of a company-wide efficiency drive to facilitate the group’s continued acquisition spree, which most recently saw the retailer up its stake in Boohoo and Currys.
So far, this strategy has already seen 200 roles disappear at the group’s head offices in Shirebrook and London, as well as 90 jobs lost following the acquisition of 14 businesses from JD Sports at the start of 2023.
A spokesperson for Frasers Group told Drapers: “We have been through significant change over the last year, having made a number of strategic acquisitions.
“We are reviewing our team structures to identify efficiencies and streamline processes, and we have entered a consultation period with colleagues affected by these changes,” it continued.”
They added: “The changes will ensure we have the right structure and talent to support continuing profitable growth for Frasers Group.”
Meanwhile, CEO Michael Murray said last week that there will be further cuts to its House of Fraser business, as its store portfolio more than halved since Mike Ashley acquired it in 2018.
