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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May- 2024 -21 MayNews
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths are diverging. This acquisition excludes Cooplands bakery, certain Starbucks outlets, and EGโs electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
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21 MayNews
Frasers Group eyes 50% stake in Crown Estate
Frasers Group is reportedly the frontrunner for the acquisition of a stake in Exeterโs Princesshay Estate and shopping centre, The Times has revealed. The Mike Ashley-owned group is reportedly considering taking a 50% stake in the Crown Estate from investment firm Nuveen.ย Nuveen, which bought its share from Landsec in…
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10 MayNews
Today’s news in brief-10/5/24
The UK economy has emerged from recession with a growth of 0.6% in the first quarter of 2024, surpassing economist expectations. This growth was primarily driven by consumer-facing services, which expanded by 0.6% after a decline in the previous quarter. Notably, retail trade played a significant role in this recovery,…
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10 MayClothing & Shoes
Frasers ups stake in Boohoo to 23.1%
Mike Ashleyโs Frasers Group has upped its stake in Boohoo to 23.1% as it continues investing in a number of UK fashion retailers.ย It has upped its stake from 16.5% and now holds 293,028,671 voting rights in the company.ย The news comes after it was reportedly revealed that the group…
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9 MayNews
Today’s news in brief-9/5/24
Frasers Group is reportedly finalising a deal to become the new partner of struggling retailer Ted Baker following the collapse of its previous UK licensing partner, No Ordinary Designer Label (NODL). Sources indicate an agreement with NODL’s administrators could be reached in the coming days. This move would add Ted…
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9 MayNews
Frasers Group closes in on Ted Baker deal
Frasers Group is reportedly closing in on a deal to become the new partner of struggling retailer Ted Baker, Sky News has revealed. Reports said the group is set to be named as the preferred partner for Ted Baker following the collapse of its existing UK licensing partner No Ordinary…
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8 MayNews
Today’s news in brief-8/5/24
Boohoo posted widened losses of ยฃ159.9m for the full year due to challenging market conditions and a strategic focus on profitability. Despite a 17% decline in revenues, the group saw improvements in core brand performance and growth within the Debenhams marketplace. Boohoo remains committed to leveraging efficiencies and driving profitability…
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8 MayNews
Frasers Group launches new digital infrastructure to enhance operations
Frasers Group has announced it is investing in enhancing its digital infrastructure to improve its retail operations and ecommerce experience across its sports, premium and luxury brands.ย The retailer is teaming up with industry-leading partners including digital product developer โAnd Digitalโ, innovation experience specialist Valtech, and tech agency Lab Digital…
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7 MayNews
Today’s news in brief
The latest BRC-KPMG Retail Sales Monitor reveals a 4% year-on-year decrease in total UK retail sales for April. Non-food sales dropped by 2.8% over the three months to April compared to a growth of 1.2% in 2023. Food sales saw a 4.4% increase over the same period, although this is…
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7 MayDepartment Stores
Mike Ashley settles lawsuit against Morgan Stanley
Mike Ashleyโs Fraserโs Group has dropped a $50bn (ยฃ40bn) lawsuit against Morgan Stanley, with no money exchanged by either parties, after the retail tycoon accused the bank of โsnobberyโ over a nearly $1bn (ยฃ797m) margin call. In a statement to The Financial Times, Morgan Stanley said: โFrasers Group plc and…
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