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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Apr- 2024 -11 AprilClothing & Shoes
Ted Baker US licence partner eyes UK arm
Ted Baker’s American licensing partner OSL has reportedly emerged as the frontrunner to take over the brand’s collapsed UK operation, according to Sky News. OSL was appointed to run Ted Baker’s US retail business just over a year ago and now looks to be set to run the rest of…
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10 AprilClothing & Shoes
Next and Frasers Group mulls bid for Ted Baker
Mike Ashley’s Frasers Group and Next have expressed interest in acquiring Ted Baker, according to the Times. The news comes after the fashion label collapsed into administration and appointed Teneo Advisory as its administrator. Both Frasers and Next have contacted Teneo Advisory to explore a sale of all or parts…
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2 AprilNews
Today’s news in brief-2/4/24
Superdry CEO Julian Dunkerton’s plans for a takeover have fallen through, leading to an extension of a £20m funding facility with Hilco. Dunkerton, while remaining committed to the business, does not intend to make an offer, according to a statement on the London Stock Exchange. Talks of a possible equity…
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2 AprilHigh Street
Frasers appoints boyfriend of Mike Ashley’s daughter to board
Frasers Group has appointed a director to its board who is reportedly in a relationship with founder Mike Ashley’s youngest daughter. According to the Sunday Times, the Sports Direct owner promoted David Al-Mudallal, 31, the chief operating officer, to its main board as an executive director last month. Al-Mudallal, who…
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Mar- 2024 -20 MarchNews
Today’s news in brief-20/3/24
UK inflation dropped to 3.4% in February 2024, surpassing economists’ expectations of 3.5%. This decline was mainly attributed to easing food inflation. The prices of bread and cereals rose slightly by 0.3% compared to a significant increase of 2.3% in the previous year, contributing to the overall decrease in food…
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20 MarchLuxury Goods
Mike Ashley takes consultancy role at Hornby
Mike Ashley is set to advise model train company Hornby as a consultant after building a stake in the firm. The company confirmed to investors that Ashley would be available to advise CEO Olly Raeburn and the wider business. However, Hornby confirmed that there would be no payment between the…
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18 MarchNews
Today’s news in brief-18/3/24
The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces financial struggles due to the collapse of its Austrian partner, Signa. The potential deal, valued around £2bn, is complicated by legal proceedings in Austria. Selfridges reported a narrowed loss and…
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18 MarchClothing & Shoes
Frasers Group calls in administrators for two kids brands
Frasers Group has called in administrators from Kroll Advisory for Kids Cavern and Base Childrenswear on Friday 8 March, Drapers has reported. This comes after the group acquired the two brands from JD Sports in December 2022 in a £47.5m deal. The deal also included Tessuti, Choice, Clothingsites, Cricket, Giulio,…
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13 MarchNews
Today’s news in brief-13/3/24
Morrisons reported a loss of £1.1bn for the year ending October 2023. The increase in debt, mainly due to the takeover by Clayton Dubilier and Rice, has led to rising finance costs, reaching £735 million. Despite a slight drop in revenues to £1.84bn, underlying profits excluding debt interest costs have…
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13 MarchPeople Moves
Matches CEO and CFO depart amid administration
Matches CEO Nick Beighton and CFO Dave Murray have departed the retailer after its collapse into administration last week, Drapers has reported. The news comes as the two senior leaders are thought to have been part of the 273 job cuts announced last Friday (8 March). A day before on…
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