Evans Cycles

Frasers nearly doubles financing facility to £3bn to support growth

Frasers Group has revealed that it has increased its financing facility from £1.65bn to £3bn in a new term loan and revolving credit facility. The deal has been agreed with its banking partners and has a three-year term with an option to extend it by up to two years. It…

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Frasers snaps up three more retail locations

Frasers Group has made three real estate acquisitions in strategic retail locations through its new property division, with the transactions each having been completed over the last two weeks.  The bricks-and-mortar locations are Princesshay Shopping Centre in Exeter, Fremlin Walk Shopping Centre in Maidstone and The Olympus Centre in Quedgeley.…

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Frasers rescues Wiggle from administration

Frasers Group has acquired online bicycle retailer Wiggle out of administration, The Sunday Times has reported.  Frasers reportedly agreed a deal to purchase the brand and intellectual property of both Wiggle and Chain Reaction Cycles, another online bike store. The Times said it was understood that the Sports Direct owner…

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Today’s news in brief-17/11/23

HMV is set to make a comeback at its historic Oxford Street location, reopening on November 24, four years after the flagship store closed. The store at 363 Oxford Street, the site of the first HMV store in 1921, will create over 70 new jobs. The refurbished flagship will serve…

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Frasers Group opens multi-fascia store at Gateshead Metrocentre

Frasers Group has opened the doors to Sports Direct’s brand new 50,000 sq.ft multi-fascia store in Metrocentre, Gateshead including USC, Evans Cycles, and Game. Sports Direct’s new store offers specialist sporting areas for running, football, and outdoor, across men’s, women’s and kidswear, and brings Sports Direct’s Running Concept to customers.…

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Halfords joins bid to rescue Wiggle

Halfords is reportedly among a group of retailers expressing interest in buying online sports retailer Wiggle, Sky News has reported. The retailer is said to have put up a bid to snap up Wiggle, joining Frasers Group, the owner of Sports Direct and Evans Cycles.  Next is also believed to…

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Shein acquires Missguided brand from Frasers

Shein has acquired the Missguided brand from Frasers Group. Following the move, Missguided products and collections will be made available to Shein’s 150 million global users as an independent brand via Shein sites, as well as on Missguided.com. Shein also confirmed that it has entered into an agreement to licence…

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Mike Ashley eyes Missguided sale to Shein

Mike Ashley is looking to sell the online clothing label Missguided to the Chinese-founded online fashion platform, Shein, Sky News has reported. It is understood that the two sides have been in negotiations about a deal for several weeks, which would represent Shein’s first acquisition of a British fashion brand.…

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Frasers Group to open flagship Sports Direct in Sheffield

Frasers Group has taken over 180,000 sq ft of retail space in Meadowhall shopping centre, Sheffield, which includes a former Debenhams site that will be used as a Sports Direct flagship and Frasers concept store, Drapers has reported.   The space in Meadowhall, which is being let by British Land, will…

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Frasers Group increases stake in Hugo Boss

Frasers Group, a British retail and intellectual property group, has increased its stake in German fashion brand Hugo Boss. Frasers announced it now has 3.4 million shares – a 4.9% stake – in Hugo Boss and holds buy options over another 26% shareholding. The group said its investment in the…

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