Frasers

Mulberry raises £20m from shareholders amid £31.8m FY loss

British lifestyle brand Mulberry has unveiled a £20m fundraising in a bid to support its turnaround strategy, after reporting a £31.8m loss before tax in the year to 29 March due to revenues falling in a challenging luxury market.   Group revenues dropped 21% to £120.4m in the period, with UK…

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Frasers nearly doubles financing facility to £3bn to support growth

Frasers Group has revealed that it has increased its financing facility from £1.65bn to £3bn in a new term loan and revolving credit facility. The deal has been agreed with its banking partners and has a three-year term with an option to extend it by up to two years. It…

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Mulberry eyes £20m fundraising as losses widen

Mulberry has announced plans to raise £20m in funding as part of a turnaround plan to return to profitability, as it anticipates its full-year losses will widen. The group said it expects to report a profit loss before tax of around £23m, ahead of the £22.6m loss reported last year,…

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Frasers pulls out of bidding for Revolution Beauty

Frasers Group has announced that it has withdrawn from the process of acquiring Revolution Beauty, which put itself up for sale last month. Frasers announced at the time that it was involved in the process but has confirmed it has no intention of making an offer. Revolution launched a formal…

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Frasers mulls all-cash bid for Revolution Beauty 

Frasers Group has confirmed it is participating in a formal sale process of Revolution Beauty, which could see it acquire the group through an all-cash bid.  In a filing released today (10 June), the Mike Ashley-owned group revealed that “any offer for the issued and to be issued share capital…

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Frasers eyes Revolution Beauty takeover

Frasers Group is reportedly exploring a takeover bid for the struggling Revolution Beauty, Sky News has reported.  Sources told Sky that the Mike Ashley-owned group had approached Revolution Beauty about a potential offer but was “not certain” it would enter a bid.  Revolution Beauty has since confirmed that Frasers is…

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Frasers closes in on ailing Norwegian sportswear giant takeover

Frasers Group has confirmed that it is close to assuming a controlling stake in Norwegian sportswear company XXL ASA, but has warned that it may not be able to save the company. The group has confirmed that should its offer be accepted it will control 92% of the company’s share…

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Frasers Group CEO Michael Murray joins Hugo Boss supervisory board

Frasers Group has announced that its CEO Michael Murray has joined the supervisory board of Hugo Boss. Frasers proposed Murray for election back in December, and he joins Stephan Sturm, chairman of the board of the Heinz Hermann Thiele Family Foundation and Andreas Kurali, a freelance business consultant, as its…

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Frasers Group launches new retail media network

Frasers Group has officially launched Elevate, a new retail media network powered by Frasers’ first-party data that helps brand partners connect with customers through highly personalised advertising. In line with Fraser’s vision of “building the planet’s most admired and compelling brand ecosystem”, Elevate is said to be designed to empower…

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Today’s news in brief-1/2/25

The Co-op has shut down parts of its IT systems after hackers attempted unauthorised access, causing minor disruptions to call centres and back-office operations. Stores, funeral homes, and quick commerce services remain unaffected. The company assured customers no action is required but is monitoring the situation. This follows a recent…

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