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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Nov- 2022 -25 NovemberClothing & Shoes
Frasers group acquires Savile Row tailor
Sports Direct owner Frasers group has reportedly struck a deal to acquire historic Savile Row tailor Gieves and Hawkes. According to the BBC, the company owned by Mike Ashley has been interested in a potential deal since September and has now finally secured the “long term future” of the 250…
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22 NovemberClothing & Shoes
Crew clothing eyes Joules takeover
Crew Clothing’s owner and majority shareholder is reportedly considering acquiring embattled retailer Joules out of administration, according to Drapers. The outlet has revealed that the Brigadier Acquisition Company, which is owned by Menoshi Shina, is in talks with administrators Interpath Advisory about a potential rescue deal that could see a…
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Oct- 2022 -27 OctoberOnline & Digital
Frasers takeover of MySale nears completion
Frasers Group has moved closer to completing its takeover of MySale, having received acceptance for more shares of the Australian marketplace. The Sports Direct owner currently holds 691,327,967 MySale shares, representing 66.48% of MySale’s entire issued share capital. As of 26 October 2022 however, Frasers said it owns or has…
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24 OctoberClothing & Shoes
Frasers acquires stake in Asos
Mike Ashley’s Frasers Group has reportedly snapped up a stake in embattled online retailer Asos. Frasers notified Asos it had become a “significant” shareholder late on Friday of last week (21 October). It is believed the move will make Frasers the fourth biggest shareholder at around 5% but still significantly…
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20 OctoberNews
Frasers Group pledges to go fur-free
Frasers Group, owner of House of Fraser, Flannels and Sports Direct, has announced it has immediately informed its suppliers it will stop purchasing fur products, a move that will take effect on shop shelves this coming season (Autumn/Winter 2023). The global commitment was announced by Frasers Group chief executive Michael…
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13 OctoberOnline & Digital
MySale asks shareholders to accept Frasers offer
The board of MySale has asked its shareholders to accept Frasers Group takeover offer despite it “unanimously believing” that it undervalues the company. The news comes after Frasers made a cash offer by Frasers for the entire issued and to be issued ordinary share capital of MySale, at 2 pence…
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13 OctoberNews
Frasers eyes new Midlands global HQ
Sports Direct could quit its current Derbyshire headquarters amid plans from its parent company Frasers to create a new global HQ in the West Midlands, according to the BBC. The Shirebrook site was sold in 2019 but Sports Direct’s lease runs to 2034. The group, which also runs Flannels and…
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12 OctoberClothing & Shoes
Frasers acquires minority stake in N Brown
Frasers Group has revealed it has acquired a 4.54% stake in fashion retailer N Brown, according to the latest holding documents filed by the company. The pureplay retailer’s brands include Jacamo, Simply Be and JD Williams and was founded in 1859 in Manchester – where its headquarters remain to this…
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10 OctoberOnline & Digital
Studio Retail audits to be investigated by watchdog
The Financial Reporting Council (FRC) has revealed it has commenced an investigation in relation to the audit conducted by Mazars LLP of the financial statements of Studio Retail Group plc for the period ended 26 March 2021. The decision was made at a meeting of the FRC’s Conduct Committee on…
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Sep- 2022 -27 SeptemberDepartment Stores
Frasers Group CEO to waive £1m salary
Frasers Group has confirmed that new CEO Michael Murray will waive his £1m base salary for the financial year ended 30 April 2023. It comes as the group is focusing on achieving an adjusted profit before tax of “at least” £500m in its next results. The group has also set…
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