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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Mar- 2021 -10 MarchSport & Leisure
Evans Cycles to axe 300 roles
The Mike Ashley-owned Evans Cycles is reportedly set to axe more than 300 roles across the business as Frasers Group looks to cut further costs amid the pandemic. According to The Guardian, store employees will fall from 813 staff to 475, while “hundreds” of remaining store staff are also expected…
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5 MarchDepartment Stores
Frasers Group warns of closures amid business rates cap
Frasers Group has warned that the £2m business rates cap announced in the spring budget on 3 March 2021 will make it “nearly impossible” for the group to take on ex-Debenhams sites with the inherent jobs created. The group stated that the cap for businesses from July 2021 to March…
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Feb- 2021 -23 FebruaryCoronavirus
Frasers warns of £100m lockdown hit
Mike Ashley’s Frasers Group has announced it currently expects to take a hit in excess of £100m due to the impact of Covid-19 lockdown restrictions on non-essential retailers. The announcement comes in response to the prime minister’s reopening roadmap unveiled yesterday (22 February) that sees non-essential retailers such as the…
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1 FebruaryClothing & Shoes
Frasers Group acquires New Look’s Brighton store
Frasers Group has reportedly acquired the freehold of New Look’s Brighton store. According to Drapers, the store located at 188-191 Western Road is just one of New Look’s portfolio that is undertaking a rent restructuring following a CVA approved in September 2020. The CVA has ushered in a three-year rent…
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Jan- 2021 -26 JanuaryDepartment Stores
Frasers Group shutters Edinburgh’s Jenners store
Frasers Group has announced it will permanently close Edinburgh’s iconic Jenners store after the company failed to reach an agreement with the site’s landlord over continuing the tenancy. A spokesman for the group said the decision came after negotiations fell through with the building’s owner, Anders Povlsen, the current owner…
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20 JanuaryClothing & Shoes
Frasers Group increases stake in Hugo Boss
Mike Ashley’s Frasers Group has increased its stake into luxury retailer Hugo Boss to around 15%. Frasers revealed it now has interests 3,611,700 shares of common stock, representing 5.1% of Hugo Boss’s total share capital and 3,377,465 shares of common stock via contracts for difference, representing 4.8% of Hugo Boss’s…
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13 JanuaryDepartment Stores
Debenhams to shutter six stores, 320 jobs affected
Debenhams has announced that six of its sites will no longer reopen this year, as part of the group’s ongoing winding down and stock liquidation process. In a statement released today (13 January), the group confirmed the move will affect 320 roles within its business. Debenhams said that while it…
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Dec- 2020 -18 DecemberLuxury Goods
Frasers Group will not make formal bid for Mulberry
Frasers Group has announced that it will not be making a formal bid for Mulberry after ongoing rumours of a potential acquisition. Mike Ashley’s retail group currently owns a 36.8% stake in the business and last month said it was considering a takeover of the brand. Last month, Frasers Group…
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14 DecemberClothing & Shoes
US group eyes Arcadia and Debenhams takeover
Authentic Brands, the US owner of New York department store brand Barneys, is reportedly eyeing a double takeover of Debenhams and Arcadia Group, according to the Telegraph. The retail group has reportedly entered discussions with the administrators of both businesses, placing chairman Jamie Salter in “direct competition” with Mike Ashley,…
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11 DecemberClothing & Shoes
Administrators place £200m price tag on Topshop
Administrators for Arcadia are reportedly seeking a price tag of £200m for the firm’s Topshop brand and are looking to agree a deal before Christmas. According to The Guardian, administrators Deloitte are expecting to receive initial bids for the brand by the end of next week (18 December). Online retailer…
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