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.
-
Oct- 2023 -30 OctoberDepartment Stores
Frasers mulls rescue of Wiggle after collapse
Frasers is mulling over rescuing online bike retailer Wiggle after it collapsed into administration earlier last week, Sky News has reported. According to Sky, the retailer, best known for its Sports Direct chain, is one of a few other groups looking to rescue WiggleCRC. WiggleCRC, which includes Wiggle, Chain Reaction…
Read More » -
30 OctoberClothing & Shoes
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…
Read More » -
25 OctoberNews
Today’s news in brief-25/10/23
Asos has pushed back the release of its FY23 results to 1 November 2023, citing the need for its auditor, PwC, to complete planned testing. PwC has assured that the outstanding procedures are of limited scope. Asos confirmed its performance up to 3 September 2023 aligns with the post-close trading…
Read More » -
25 OctoberClothing & Shoes
Frasers Group ups Boohoo stake to 16.5%
Mike Ashley’s Frasers Group has once again increased its stake in online retailer Boohoo and now holds a 16.5% share in the business. It has upped its stake from 15.1% and now holds a total number of voting rights of 209,319,058. Frasers first purchased a 5% stake in the online…
Read More » -
23 OctoberFeatures
How the FatFace deal lines up with Next’s aggressive acquisition strategy
This year has been a year full of big mergers and acquisitions and October has continued in that vein. The latest of these acquisitions has come in the form of Next’s £115m takeover of lifestyle brand FatFace. This deal is the latest in a long line of acquisitions by Next…
Read More » -
20 OctoberNews
Today’s news in brief-20/10/23
The Office for National Statistics (ONS) revealed a 0.9% decline in retail sales for September, following a 0.4% rise in August 2023. Over the quarter, sales volumes dropped by 0.8% compared to the previous three months. Non-food store sales were particularly affected, with a 1.9% decrease in September, attributed to…
Read More » -
17 OctoberNews
Frasers Group acquires Germany retailer SportScheck
Frasers Group has announced that it has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. The acquisition will enable Frasers to grow its presence in Germany, one of the biggest sports markets in Europe and…
Read More » -
16 OctoberNews
Today’s news in brief-16/10/23
Next has finalised the acquisition of FatFace for £115.2m, with a portion of the payment made in cash and the remainder in Next’s shares. Following the transaction, Next will hold 97% of the equity, while FatFace’s management will retain 3%. FatFace will continue to operate autonomously with its own board…
Read More » -
16 OctoberClothing & Shoes
Frasers ups stake in Boohoo to 15.1%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 15.1% as it continues investing in a number of UK fashion retailers. The news comes after Frasers increased its holding from 10.4% to 13.4% last week. It now holds 191,808,425 voting rights in the company. The group had previously…
Read More » -
9 OctoberNews
Today’s news in brief-09/10/23
Frasers Group CEO Michael Murray has announced a significant shift away from the traditional department store model for House of Fraser. Murray aims to “rethink the space” by incorporating Frasers Group’s own brands and potentially phasing out the House of Fraser brand altogether. This transformation seeks to address previous issues,…
Read More »
