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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Aug- 2020 -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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9 JulyCoronavirus
Frasers Group to stop rent payments until it can ‘freely trade’
Mike Ashley’s Frasers Group has reportedly told landlords that it will withhold rent payments until it is “fully able to freely trade as a business”. According to a letter seen by Estates Gazette, the Sports Direct owner said although it is willing to enter negotiations with landlords but said that…
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Jun- 2020 -8 JuneLuxury Goods
Mulberry to cut global workforce by 25%
Luxury retailer Mulberry has announced the launch of a consultation process on proposals to reduce its workforce by approximately 25% across its global business. The fashion giant said that the move was proposed following efforts to manage its cost base and operations in light of the ongoing “uncertainty” presented by…
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May- 2020 -27 MayCoronavirus
Frasers Group CFO blames reopening delay on ‘Cummings fiasco’
Chris Wooton, the chief financial officer of the Frasers Group, has blamed the new opening date for non-essential retail as a result of the “Dominic Cummings Fiasco” which has made the government “hesitant”. Speaking to ITV News last night (26 May) Wooton made the claim that the current controversy surrounding…
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4 MayCoronavirus
Sports Direct managers say firm asked them to work while on furlough
Mike Ashley’s Sports Direct and House of Fraser firms reportedly asked store managers to work one day a week despite being furloughed. According to The Guardian, store managers allege that they had been asked to come into stores and prepare stock ready to be distributed to its Shirebrook warehouse to…
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Apr- 2020 -2 AprilNews
Frasers Group to cut bosses’ salary to £40k amid April pay pledge
Mike Ashley’s Frasers Group has reportedly reduced the salary of its executive team to £40,000 and has pledged to pay all his staff up until the end of April. According to The Times, the executive team has taken a voluntary pay cut in a “show of support towards securing the…
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Mar- 2020 -28 MarchCoronavirus Featured Content
Brighthouse set to call in administrators
Rent-to-own home furnishings brand Brighthouse is reportedly set to call in administrators, placing around 2,400 jobs at risk. According to the BBC, it comes after an increase in compensation claims for selling to people who could not repay due to the coronavirus outbreak. Brighthouse is thought to be the largest…
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27 MarchHigh Street
Mike Ashley apologises for ‘ill-judged’ Covid-19 response
Sports Direct CEO Mike Ashley has penned an open letter apologising for the Fraser Group’s response to the Covid-19 lockdown. It comes after reports that Ashley lobbied the government to keep Sports Direct open and was still asking employees to still come to work at the high street retailer. Newcastle…
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27 MarchClothing & Shoes
Jack Wills permanently closes another 17 stores
British fashion brand Jack Wills – which was rescued out of administration by Frasers Group plc in August 2019 – has announced the immediate closure of a further 17 stores, bringing the total number of store closures announced over the last week to 22. Mike Ashley’s Frasers Group acquired Jack…
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