Frasers
This coverage focuses on Frasers’ 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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Mar- 2024 -20 MarchLuxury Goods
Mike Ashley takes consultancy role at Hornby
Mike Ashley is set to advise model train company Hornby as a consultant after building a stake in the firm. The company confirmed to investors that Ashley would be available to advise CEO Olly Raeburn and the wider business. However, Hornby confirmed that there would be no payment between the…
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18 MarchNews
Today’s news in brief-18/3/24
The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces financial struggles due to the collapse of its Austrian partner, Signa. The potential deal, valued around £2bn, is complicated by legal proceedings in Austria. Selfridges reported a narrowed loss and…
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18 MarchClothing & Shoes
Frasers Group calls in administrators for two kids brands
Frasers Group has called in administrators from Kroll Advisory for Kids Cavern and Base Childrenswear on Friday 8 March, Drapers has reported. This comes after the group acquired the two brands from JD Sports in December 2022 in a £47.5m deal. The deal also included Tessuti, Choice, Clothingsites, Cricket, Giulio,…
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13 MarchNews
Today’s news in brief-13/3/24
Morrisons reported a loss of £1.1bn for the year ending October 2023. The increase in debt, mainly due to the takeover by Clayton Dubilier and Rice, has led to rising finance costs, reaching £735 million. Despite a slight drop in revenues to £1.84bn, underlying profits excluding debt interest costs have…
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13 MarchPeople Moves
Matches CEO and CFO depart amid administration
Matches CEO Nick Beighton and CFO Dave Murray have departed the retailer after its collapse into administration last week, Drapers has reported. The news comes as the two senior leaders are thought to have been part of the 273 job cuts announced last Friday (8 March). A day before on…
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8 MarchNews
Today’s news in brief-8/3/24
Superdry has partnered with restructuring firm Teneo to explore cost-saving measures amid financial struggles. With a reported revenue decline of 23.5% in the first half of the year to £219.8m, Superdry is considering options such as a company voluntary arrangement (CVA) or restructuring plan to navigate the challenging retail market.…
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8 MarchClothing & Shoes
Frasers Group puts Matches into administration
Frasers Group has announced that it has put Matches into administration just two months after acquiring the business. Frasers stated that the decision had been taken after Matches consistently missed its business plan targets and made material losses outside of funding from Frasers. It is unclear whether Frasers is looking…
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4 MarchNews
Today’s news in brief-4/1/24
M&S emerged victorious against Michael Gove’s decision to block its redevelopment plans for its Marble Arch flagship branch. The High Court ruled that Gove’s decision was “unlawful” and had misinterpreted planning policy. This decision paves the way for M&S to proceed with its plans, which include demolishing the existing Art…
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4 MarchDepartment Stores
Frasers rescues Wiggle from administration
Frasers Group has acquired online bicycle retailer Wiggle out of administration, The Sunday Times has reported. Frasers reportedly agreed a deal to purchase the brand and intellectual property of both Wiggle and Chain Reaction Cycles, another online bike store. The Times said it was understood that the Sports Direct owner…
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1 MarchNews
Today’s news in brief-1/3/24
The forthcoming £90m Oxford Street Programme is poised to generate up to £2.8bn in additional sales for London’s West End between 2027 and 2033, as indicated by the New West End Company. This initiative, supported by both public and private investments, aims to revamp Oxford Street’s public spaces, infrastructure, and…
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