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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Sep- 2020 -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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12 AugustHigh Street
Mike Ashley’s Frasers Group delays results for second consecutive year
Mike Ashley’s Frasers Group has announced it is to delay the publication of its annual results for the second consecutive year. Frasers Group, which comprises House of Fraser, Sports Direct, Evans Cycle and Flannels, had been scheduled to release its latest set of financial results tomorrow (13 August) but it…
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11 AugustDepartment Stores
Debenhams cuts 2,500 jobs
Embattled department store chain Debenhams has cut 2,500 staff roles. The retailer said that the job cuts, believed to be across both its retail and warehouse staff, have been made in order to give the company “every chance of a viable future”. A spokesperson said staff affected by redundancy have…
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11 AugustHigh Street
Frasers Group mulls Debenhams acquisitions
Frasers Group owner Mike Ashley is reportedly looking to acquire up to 30 Debenhams stores. According to the Mail, sources claim Ashley has discussed the acquisition proposals with senior members of staff, and a potential statement clarifying the speculation could be released this week. Ashley has previously attempted to take…
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Jul- 2020 -23 JulyHigh Street
Fraser Group warns of closures amid business rates valuation delay
Mike Ashley’s Fraser Group has warned that a number of its stores could shutter as a result of the Government’s move to delay the next business rates valuation until 2023. It said occupiers of the high street, including Frasers Group fascias, are still paying business rates based upon values from…
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