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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Aug- 2024 -28 AugustOnline & Digital
Ted Baker owner names operator for UK online business
The owner of Ted Baker has signed a deal with an American partner to manage the clothing brand’s e-commerce operations in the UK and Europe. Authentic Brands Group has struck a deal with United Legwear and Apparel Co (ULAC), with Ted Baker’s online operations set to relaunch in the UK this…
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27 AugustNews
Today’s news in brief-27/8/24
UK shop prices have fallen for the first time since October 2021, with the BRC-NielsenIQ index reporting deflation of 0.3% in August, down from July’s 0.2% inflation. Non-food items saw a deeper deflation of -1.5%, driven by heavy discounts on summer stock, while food inflation slowed to 2%, with fresh…
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27 AugustDepartment Stores
Frasers seeks £585m share buyback approval
Frasers Group is seeking approval for owner Mike Ashley to cash in on £585m of shares which could be bought by the company in a private deal, according to reports from The Guardian. Under the plan, the group said it wanted permission from shareholders to buy back the shares privately…
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19 AugustClothing & Shoes
Ted Baker to shutter remaining stores, 500 jobs at risk
The remaining 31 Ted Baker stores will permanently shutter this week, putting more than 500 jobs at risk. According to Sky News, the closures come as talks over a licensing partnership between Frasers Group and Ted Baker’s owner, Authentic Brands Group (ABG), stalled. Ted Baker has already shuttered 15 stores across…
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13 AugustNews
Today’s news in breif-13/8/24
UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months ending June 2024, the lowest since 2022, according to the Office for National Statistics. Factoring in inflation, wage growth drops to 3.2%. Public sector pay rose by 6%, while private…
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13 AugustPeople Moves
Frasers Group non-exec director steps down
Frasers Group has announced that non-executive director David Brayshaw has retired from its board, effective from yesterday (12 August). Brayshaw was with the company for almost eight years. He has over 30 years’ of experience as a senior investment and commercial banker. David Daly, chair, said: “With over 30 years’ of…
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Jul- 2024 -18 JulyDepartment Stores
Frasers Group hits top end of FY24 guidance
Frasers Group has reported that its adjusted profits-before-tax rose 13.1% to £544.8m for the year ended 28 April, hitting the top-end of its previous guidance range. This comes despite retail revenues falling by more than £100m to £5.3bn, with overall revenues declining by 0.9% to £5.5bn. However, the group managed…
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11 JulyNews
Today’s news in brief-11/7/24
The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services sector led growth, expanding by 0.3%, while construction grew by 1.9%. Analysts see this growth influencing the Bank of England’s upcoming interest rate decision. British entrepreneur Mike Jatania is nearing…
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11 JulyClothing & Shoes
Frasers Group further increases stake in Hugo Boss
Frasers Group has announced that it has upped its investment in Hugo Boss, increasing its overall stake from €360m (c. £305m) in May to €490m (c. £415m). The group now has 5.6m shares of common stock, representing 7.99% of Hugo Boss’s total share capital. It also owns 9,721,000 shares of…
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1 JulyNews
Today’s news in brief-1/7/24
Several firms, including Gordon Brothers led by Mark Newton-Jones, are bidding to rescue The Body Shop’s UK business after its collapse into administration earlier this year. Alteri and Modella Capital are also considering bids. The retailer, known for its beauty products, faced financial difficulties despite a recent takeover attempt. Administrators…
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