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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Oct- 2022 -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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26 SeptemberClothing & Shoes
Frasers makes mandatory offer for MySale
Frasers Group has made a mandatory cash offer for the entire issued and to be issued share capital of Australian online fashion discounter MySale, for shares which are not already owned by Frasers or any persons acting in concert with it, at a price of 2p per MySale share. Frasers…
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16 SeptemberClothing & Shoes
MySale rejects Frasers Group takeover bid
MySale’s directors have rejected a takeover bid from Frasers Group, whose offer to acquire the remaining shares of the Australian marketplace for 2p per share was said to undervalue the business. Frasers had previously acquired 270,666,650 MySale Shares at 2p per share on 29 June 2022, becoming MySale’s largest shareholder…
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12 SeptemberDepartment Stores
Mike Ashley to launch legal action over Debenhams collapse
Frasers Group’s Mike Ashley has reportedly escalated a legal battle with FRP Advisory over the collapse of Debenhams. According to the Mail on Sunday, the entrepreneur is taking legal action against the advisory firm after his £180m stake in the department store chain became worthless following its collapse in 2020. …
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Aug- 2022 -23 AugustHigh Street
Frasers to open 3 new Flannels flagship stores
Frasers Group has announced plans for three more Flannels flagship stores, which will see it open stores in Leeds, Cardiff, and Gateshead all upwards of 80,000 sq. ft in size. The announcement closely follows the opening of Flannels’ Liverpool flagship, which is the largest store opening to date and, largest…
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18 AugustClothing & Shoes
Frasers makes cash offer for MySale
Mike Ashley’s Frasers Group has made a cash offer to acquire a 100% stake in Australian online marketplace MySale for 2p per share. The offer values the entire issued and to be issued share capital of MySale not currently held by Frasers Group at approximately £13.6m. On 29 June 2022,…
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12 AugustProperty
Frasers Group offloads retail parks for £205m
Frasers Group has announced it has completed the sale of a number of retail parks for a headline price of £205m. The group completed the disposal of a number of freehold and long leasehold retail parks held by its owned subsidiaries, to RI UK 1 Limited. Frasers Group intends to…
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8 AugustDepartment Stores
Mike Ashley pursues legal claim against Morgan Stanley
Mike Ashley has reportedly launched a legal claim against Morgan Stanley, alleging the investment bank acted in “bad faith” over trades made by Ashley to build his stake in Hugo Boss. According to This is Money, court documents claim that Morgan Stanley “intended to harm” Frasers by indirectly forcing it…
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Jul- 2022 -28 JulyClothing & Shoes
Frasers Group acquires online retailer I saw It First
Frasers Group has announced the acquisition of the online fashion retailer I Saw It First for an undisclosed sum. Frasers revealed it looks forward to integrating I Saw It First, which has over 5 million consumers, and has rapidly grown its digital presence since its launch in 2017. I Saw…
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