Frasers Group
This coverage explores Frasers Group’s business strategy, acquisitions, and performance within the UK retail sector. Reporting focuses on store portfolio developments, financial results, brand management, leadership decisions, and expansion across sports, fashion, and lifestyle retail. Tailored for industry professionals, it offers analysis of commercial moves and competitive positioning relevant to executives overseeing multi-brand and omnichannel operations.
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Oct- 2024 -4 OctoberNews-In-Brief
Today’s news in brief-4/10/24
Shein is moving ahead with plans for a highly anticipated London IPO, reportedly set to hold informal talks with investors across Europe. According to sources, Shein’s roadshows aim to assess investor interest ahead of regulatory approval from both UK and Chinese authorities. Having confidentially filed for a £50bn float in…
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4 OctoberClothing & Shoes
Frasers increases Mulberry stake after failed takeover bid
Mike Ashley’s Frasers Group has acquired more shares in Mulberry just days after it had a takeover bid for the company rejected. Frasers subscribed for 4.0 million shares at the 100p per share fundraising price, through clawback provisions available to major shareholders. Before this Frasers held 22.1 million shares in…
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Sep- 2024 -24 SeptemberNews
Today’s news in brief-24/9/24
Harrods has launched an internal investigation to determine if any current staff were involved in allegations of rape and sexual assault made against its former owner, Mohamed Al Fayed. The inquiry follows a BBC documentary and podcast titled Predator at Harrods, which detailed claims made by multiple women who worked…
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24 SeptemberNews
Frasers Group lowers stake in Currys
Frasers Group has announced that it has lowered its stake in Currys just over a year after making an investment into the retailer. The group has lowered its holdings in the electricals business from 10.9% to 2.8%. The news comes after in June 2023 Frasers had made a “strategic investment”…
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23 SeptemberNews
Today’s news in brief-23/9/24
Frasers Group is facing audit issues with two brands, I Saw It First and Choice, revealing significant payroll data discrepancies. Auditors struggled to verify £7m in payments for I Saw It First due to lost data during system transitions. Similarly, Hart Shaw encountered missing crucial information for Choice. These revelations…
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23 SeptemberDepartment Stores
Two Frasers Group brands face audit issues amid missing payroll data
Frasers Group has encountered issues with the audits of two of its brands, I Saw It First and Choice, according to reports from This Is Money. Auditors from Cooper Parry working on I Saw It First were unable to verify almost £7m of wages and salary payments. Meanwhile, auditors at…
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13 SeptemberNews
Today’s news in brief-13/9/24
Logistics UK warned that new EU fingerprint and facial recognition checks for non-EU passengers at Dover could cause delays, impacting fresh food deliveries crucial for Christmas. The Entry/Exit System (EES) implementation from November 10, 2024, threatens significant disruptions, prompting calls for public awareness campaigns. The British Retail Consortium (BRC) asserted…
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13 SeptemberShopping Centres
Frasers Group acquires St Nicholas Arcade in Lancaster
Frasers Group has revealed it has acquired St Nicholas Arcade in Lancaster for an undisclosed sum, in a move it said further strengthens the group’s commitment to physical retail in the UK. The 160,000 sq ft. shopping centre is a key retail destination in the heart of Lancaster, and is…
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Aug- 2024 -28 AugustNews
Today’s news in brief-28/8/24
Authentic Brands Group has partnered with United Legwear and Apparel Co (ULAC) to manage Ted Baker’s e-commerce operations in the UK and Europe. ULAC will handle online sales starting this fall, aiming to enhance the brand’s digital presence alongside its physical retail strategy. This move follows the closure of Ted…
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28 AugustClothing & Shoes
Frasers to grow presence in Australia with latest investment
Frasers Group has announced the purchase of a 14.65% strategic investment in Accent Group Limited, a retail and distribution business in the performance and lifestyle market in Australia and New Zealand. The news comes as Frasers aims to grow its presence in Australia and New Zealand through partnerships to help…
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