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- 2021 -18 NovemberDepartment Stores
House of Fraser to close its Oxford Street store
Mike Ashley’s Frasers Group has confirmed that its flagship store on London’s Oxford Street is to close permanently. The retailer revealed that it had been served its notice by the landlord after planning permission was granted to redevelop the site. Frasers added that since it acquired the site in 2018…
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2 NovemberClothing & Shoes
French Connection shareholders green light £29m takeover
French Connection has confirmed its shareholders have agreed to the £29m sale of the company to MIP Holdings. The offer comes from one of the company’s biggest shareholders, Apinder Singh Ghura, who in February acquired a 25% stake in the business from Mike Ashley’s Frasers Group. For the takeover Ghura…
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Aug- 2021 -26 AugustClothing & Shoes
Frasers to open new Flannels store in Livingston
The Frasers Group will open a new Flannels store at the Centre shopping centre in Livingston, after committing to take 17,500 sq ft of space with a trading space of 11,000 sq ft across two floors. The Centre, is a c.856,000 sq ft, 160-unit shopping centre in the Scottish town…
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26 AugustPeople Moves
New Frasers Group CEO up for £100m pay package
Michael Murray, who is set to become the CEO of Frasers Group following Mike Ashley’s departure, is reportedly in line to receive £100m under a proposed pay package that will be linked directly to the group’s stock price performance. It comes as the group confirmed that Murray will also receive…
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5 AugustHigh Street
Mike Ashley confirms plans to step down as head of Frasers
Mike Ashely has confirmed that he will step down as head of Frasers Group, as the business revealed its most recent full year trading profits, which showed a 84.1% decrease in pre-tax profits due to Covid-19. The group which owns brands such as Jack Willis and Evan Cycles said that…
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4 AugustPeople Moves
Mike Ashley set to step down as CEO of Frasers Group
Mike Ashley is reportedly planning to step down from his role as the CEO of Frasers Group and hand over control to his prospective son-in-law, according to The Telegraph. The Sports Direct boss is reportedly expected to assume the role of deputy chairman following the move, which could be confirmed…
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3 AugustDepartment Stores
Mike Ashley’s Frasers Group pens letter urging MPs for Debenhams probe
Mike Ashley’s Frasers Group has reportedly sent a letter to parliament urging them to launch an independent investigation into Debenhams’ collapse in 2019. According to Sky News, which reports it has seen the letter from Frasers CFO Chris Wootton, the letter claims that the Debenhams board was culpable for its…
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Jul- 2021 -21 JulyNews
Mike Ashley launches high court action over Debenhams collapse
Sports Direct owner Mike Ashley has reportedly gone to the High Court to set aside a settlement agreed with Debenhams and its administrators earlier this year. According to the Times, the retail tycoon intends to “kickstart investigations” into the department store’s directors and advisors following its collapse. If accepted, the…
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5 JulyDepartment Stores
House of Fraser staff to face switch to zero-hour contracts
Frasers Group has reportedly entered its House of Fraser staff into consultation regarding a switch to zero-hour contracts. According to Retail Week, the Mike Ashley-owned department store has commenced the process that will impact all store staff below management level. One source told the publication that the consultation began on…
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May- 2021 -27 MayClothing & Shoes
Frasers Group ends Hugo Boss rumours
Mike Ashley’s Frasers Group has denied rumours that it plans to launch a takeover bid for luxury fashion house Hugo Boss. The claim was first reported in the Telegraph on Friday 21 May, resulting in a 7% jump in shares at the premium fashion brand. However, in a London Stock…
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