Frasers Group acquires majority stake in The Webster
The move underscores Frasers Group’s ongoing efforts to expand its luxury portfolio beyond the UK, following recent investments in store upgrades and brand partnerships
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Frasers Group has announced that it has acquired a majority stake in US-based luxury retailer The Webster, marking its first expansion into the North American market.
The Webster, founded in 2008 by chief executive Laure Hériard Dubreuil, operates 13 boutiques across North America and represents more than 100 international brands.
The collaboration brings together The Webster’s established retail model with the operational capacity of Frasers Group’s luxury division. Flannels said the agreement represents a key step in its Elevation Strategy, a long-term plan to strengthen its position in the global luxury sector.
The luxury retailer’s founder Laure Hériard Dubreuil is set to retain a minority stake in The Webster and continue managing the company.
A spokesperson for the group said the partnership would “enable continued growth and innovation” across both businesses.
The move underscores Frasers Group’s ongoing efforts to expand its luxury portfolio beyond the UK, following recent investments in store upgrades and brand partnerships.
The Webster said in a post on LinkedIn: “A new chapter begins for The Webster! We are pleased to announce our strategic partnership with Frasers Group. Together, we look forward to building upon our success and expanding to new heights.”
