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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Jul- 2023 -31 JulyDepartment Stores
Frasers Group to axe 100 roles in Manchester
Frasers Group is reportedly set to axe more than 100 roles in its head office in Manchester in a bid to streamline the business, Drapers has reported. It is understood that the retail group has entered into a consultation period with staff from Missguided, I saw It First and Studio…
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27 JulyHigh Street
Frasers profits nearly double amid sports retail growth
Frasers group has posted profit before tax of £660.7m for the year ended 30 April 2023, nearly double the £335.6m profit it posted last year. The company stated that this profit increase was mainly driven by a profit growth from its sports retail business from £2.64bn in 2022 to £3.08bn…
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26 JulyFeatures
From Tesco to tiles: The eight largest mergers and acquisitions of 2023
This year has seen a large number of M&A deals in the retail industry. In fact, the number of UK retail merger and acquisition deals increased by 23% in the last year, a five year high, according to data from law firm RPC. With more and more retailers looking for…
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25 JulyShopping Centres
Frasers owner makes £50m bid for Leeds shopping centre
Mike Ashley, the owner of Frasers Group, has bid almost £50m to acquire Junction 32 off the M62 near Castleford, on the outskirts of Leeds, in his latest foray into the world of retail property, The Times has reported. This comes as the shopping centre is being sold by Landsec,…
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21 JulyNews
THG offloads OnDemand division
THG has recently sold its OnDemand division to a Newco led by the existing OnDemand management team and funded by Gordon Brothers, the advisory and investment firm. The Newco will continue to be a client of Ingenuity, with the provision of technology, operational and digital services. The news follows the…
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20 JulyEvents
FT Future of Retail: Delivering a more sustainable & seamless retail experience
The FT Future of Retail summit will return in 2023 with uniquely crafted panels, lightning talks and high-level keynote speakers to address the big challenges facing the retail sector. Taking place across one day and in a hybrid format, the event will gather some of the biggest names in the…
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12 JulyClothing & Shoes
Frasers ups stakes in Currys to 11.1%
Mike Ashley’s Frasers Group has announced that it has upped its stake in Curry’s to 11.1%. The news comes after Frasers increased its stake in the business to 10.4% last week and Curry’s chief executive revealed that the group was in talks about a possible partnership with Frasers. In an…
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3 JulyLuxury Goods
Mulberry turns down Mike Ashley’s attempt to join board
Mulberry has reportedly rejected Mike Ashley’s efforts to join its board, according to The Times. It is understood that in recent weeks the Sports Direct founder has met the luxury handbag retailer’s executive team to attempt to join the boardroom. This comes as he “grew frustrated” about what he believes…
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Jun- 2023 -26 JuneClothing & Shoes
Moncler Group considers in house distribution for Stone Island
Owner and operator of Stone Island, The Moncler Group, is considering taking the brand’s UK distribution in house, Drapers has reported. The news comes as several industry sources have reportedly indicated that the group, which acquired Stone Island in 2020, is thinking about taking the brand’s UK distribution in house…
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26 JunePeople Moves
Frasers Group appoints Mike Ashley as consultant
Frasers Group has appointed founder Mike Ashley as a consultant to the group, as the retailer intends to acquire other companies amid an acquisition spree, The Sunday Times has reported. Frasers currently operates its own shopping centres in Luton and Dundee, with an aim to acquire more outlet centres in…
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