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- 2020 -26 OctoberDepartment Stores
Debenhams bidders given midweek deadline for £300m rescue deal
Potential suitors for the embattled department store chain Debenhams have been given a midweek deadline to make a £300m rescue bid or walk away. According to the Sunday Times, bidders, which include Mike Ashley’s Frasers Group, have been told to make a binding commitment by the end of Wednesday by…
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26 OctoberHigh Street
Mike Ashley considers Jaeger bid
Mike Ashley’s Frasers Group is reportedly considering the acquisition of “heritage” fashion brands Jaeger, Austin Reed and Jacques Vert from Edinburgh Woolen Mill (EWM) Group, according to The Sunday Times. Phillip Day’s retail group has struggled in recent months, shutting down 50 stores last week, as part of its administration…
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8 OctoberClothing & Shoes
Frasers Group investors back £100m bonus scheme
Investors in Mike Ashley’s Frasers Group have overwhelmingly voted in favour of a new £100m staff reward plan at the company’s AGM meeting yesterday (7 October). Results revealed on the group’s investor page show that 99.97% of shareholders voted in favour of the company’s new ‘All-Employee Omnibus Plan’ that could…
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Sep- 2020 -24 SeptemberDepartment Stores
Richest man in India interested in Debenhams acquisition
India’s richest man is reportedly one of the parties interested in making a bid to acquire Debenhams, according to Sky News. Ambani is the chairman and largest shareholder in Resilience Industries, the parent company of Reliance Retail which owns British toy retailer Hamleys. A number of parties, including Next and…
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7 SeptemberNews
Frasers Group slams Debenhams gagging order
Mike Ashley’s Frasers Group has accused senior Debenhams’ advisors of stopping the department store being financially saved due to a gagging order that prevents it from talking to landlords. In an interview with The Times, the group’s chief financial officer Chris Wotton revealed the group was not formally in sale…
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Aug- 2020 -26 AugustSport & Leisure
Frasers Group to review Bob’s stores after Nike ends deal
Frasers Group has announced it has placed its US subsidiary Bob’s Stores under review after sportswear giant Nike ended its distribution deal. Frasers confirmed that Nike has notified the company that it will end its agreement with the outlet that operates from 24 stores in the US in MArch 2021.…
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24 AugustSport & Leisure
Frasers Group buys DW Sports out of administration
Frasers Group has snapped up the assets of Dave Whelan Sports (DW Sports) from its administrators for a sum of £37m. According to the group, it has acquired certain assets relating to DW’s gym and fitness business, including certain stock but excluding the DW business names and IP. An additional…
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20 AugustHigh Street
Frasers Group profits slump in full-year results
Frasers Group has reported a 19.9% decrease in pre-tax profits to £143.5m in its preliminary results for the year ended 26 April 2020. Despite the drop, the group saw revenues increase by 6.9% during the year. EBITDA also increased by 98.7% to £551m compared with £277.3m in the prior period,…
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19 AugustHigh Street
Fraser Group exec buys shares ‘in error’ during closed period
Fraser Group non-executive director David Daly “accidentally” purchased shares on Monday (17 August) during a closed period. In an announcement made on the London Stock Exchange, Frasers Group said it was informed that Daly had purchased 3,912 ordinary shares in the company. It added that the company has “robust procedures”…
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17 AugustSport & Leisure
Mike Ashley’s Frasers Group makes £30m bid for DW Sports
Mike Ashley’s Frasers Group has reportedly made a takeover bid for former rival Dave Whelan’s DW Sports. According to the Sunday Times, Frasers Group has offered £30m to administrators BDO for the DW estate, which comprises 73 gyms and 75 stores. It is also thought that BDO was looking for…
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