Frasers
This coverage focuses on Frasersโ activities, strategy, and performance in the UK retail landscape. Reporting includes store developments, financial results, leadership decisions, brand management, and expansion efforts across sportswear, fashion, and lifestyle sectors. With attention to commercial strategy and market positioning, it offers insights for retail professionals managing multi-brand, omnichannel, and competitive operations.
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Oct- 2024 -1 OctoberNews
Today’s news in brief-1/10/24
Mulberry has turned down an ยฃ83m acquisition bid from Frasers, arguing it undervalues the company’s potential. Frasers offered 130 pence per share for a 36.8% stake, prompting Mulberry’s board, backed by majority shareholder Challice, to reject the offer and focus on CEO Andrea Baldo’s turnaround strategy. Authentic Brands Group has…
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1 OctoberClothing & Shoes
Mulberry rejects Frasersโ ยฃ83m takeover offer
Mulberry has rejected a ยฃ83m offer from Frasers to take over the company, after stating its offer โdid not recognise the company’s substantial future potential valueโ.Frasers had made the 130 pence-per-share offer yesterday, which would see it acquire 36.8% of the handbag company.ย Mulberryโs board said it carefully considered the…
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Sep- 2024 -24 SeptemberNews
Today’s news in brief-24/9/24
Harrods has launched an internal investigation to determine if any current staff were involved in allegations of rape and sexual assault made against its former owner, Mohamed Al Fayed. The inquiry follows a BBC documentary and podcast titled Predator at Harrods, which detailed claims made by multiple women who worked…
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24 SeptemberNews
Frasers Group lowers stake in Currys
Frasers Group has announced that it has lowered its stake in Currys just over a year after making an investment into the retailer.ย The group has lowered its holdings in the electricals business from 10.9% to 2.8%.ย The news comes after in June 2023 Frasers had made a โstrategic investmentโ…
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23 SeptemberNews
Today’s news in brief-23/9/24
Frasers Group is facing audit issues with two brands, I Saw It First and Choice, revealing significant payroll data discrepancies. Auditors struggled to verify ยฃ7m in payments for I Saw It First due to lost data during system transitions. Similarly, Hart Shaw encountered missing crucial information for Choice. These revelations…
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23 SeptemberDepartment Stores
Two Frasers Group brands face audit issues amid missing payroll data
Frasers Group has encountered issues with the audits of two of its brands, I Saw It First and Choice, according to reports from This Is Money. Auditors from Cooper Parry working on I Saw It First were unable to verify almost ยฃ7m of wages and salary payments. Meanwhile, auditors at…
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13 SeptemberNews
Today’s news in brief-13/9/24
Logistics UK warned that new EU fingerprint and facial recognition checks for non-EU passengers at Dover could cause delays, impacting fresh food deliveries crucial for Christmas. The Entry/Exit System (EES) implementation from November 10, 2024, threatens significant disruptions, prompting calls for public awareness campaigns. The British Retail Consortium (BRC) asserted…
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13 SeptemberShopping Centres
Frasers Group acquires St Nicholas Arcade in Lancaster
Frasers Group has revealed it has acquired St Nicholas Arcade in Lancaster for an undisclosed sum, in a move it said further strengthens the groupโs commitment to physical retail in the UK. The 160,000 sq ft. shopping centre is a key retail destination in the heart of Lancaster, and is…
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Aug- 2024 -28 AugustNews
Today’s news in brief-28/8/24
Authentic Brands Group has partnered with United Legwear and Apparel Co (ULAC) to manage Ted Bakerโs e-commerce operations in the UK and Europe. ULAC will handle online sales starting this fall, aiming to enhance the brand’s digital presence alongside its physical retail strategy. This move follows the closure of Ted…
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28 AugustClothing & Shoes
Frasers to grow presence in Australia with latest investment
Frasers Group has announced the purchase of a 14.65% strategic investment in Accent Group Limited, a retail and distribution business in the performance and lifestyle market in Australia and New Zealand.ย The news comes as Frasers aims to grow its presence in Australia and New Zealand through partnerships to help…
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