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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Dec- 2023 -21 DecemberClothing & Shoes
Frasers Group acquires Matches for ยฃ52m
Frasers Group has confirmed it has acquired the Matches business from MF Intermediate Limited in a deal estimated to be around ยฃ52m. The company has purchased 100% of the shares of a group of six companies, as well as the acquisition of the senior and junior debt owed by those…
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18 DecemberNews
Today’s news in brief-18/12/23
Farfetch is reportedly in advanced talks with a private equity-backed buyer for a last-minute rescue deal. The deal, if successful, would involve taking Farfetch off the stock market in a take-private transaction and would result in the company receiving $500m (ยฃ394m) in emergency funding. Talks are ongoing, and while Farfetch…
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18 DecemberClothing & Shoes
Frasers Group in talks to acquire Matchesfashion
Frasers Group is reportedly in talks to acquire Matchesfashion, which sells fashion brands including Balenciaga, Gucci and Valentino, according to reports from Sky News. The company is said to be in detailed negotiations about a deal that could see it take control of the brand within days. City sources told…
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7 DecemberNews
Today’s news in brief-7/12/23
Kelso, an activist shareholder in THG, has intensified its campaign for THG to clarify its plans to separate its three business divisions. Kelso believes that splitting the divisions (beauty, nutrition, and ecommerce services) would bridge the gap between THG’s share price and its true value. The shareholder has written to…
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7 DecemberClothing & Shoes
Frasers H1 profits rise 25.7% to ยฃ364.7m
Frasers Group has revealed that retail profits from trading increased by 25.7% to ยฃ364.7m in the half-year period ended 29 October, driven by the โstrongโ performance from Sports Direct. During the period, Frasers also revealed that profit before tax increased by 8% to ยฃ310.2m, while profit after tax rose by…
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1 DecemberNews
Today’s news in brief- 1/11/23
Matthew Moulding, the founder of THG, has acquired a 3.2% stake in Kelso Group, a shareholder critical of THG’s business leadership. Moulding’s investment of approximately ยฃ300,000 comes amid Kelso’s consistent claims that THG is undervalued, advocating for the separation of its divisions. Kelso, launched in 2022, raised ยฃ3m to invest…
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1 DecemberDepartment Stores
Frasers pulls out of SportScheck deal
Frasers has announced that it has pulled out of a deal to acquire SportScheck after the German sports retailer filed for administration. As a result of this move Frasers is now looking to acquire the firm in a pre-pack deal. The company stated that it has โexercised its rightโ to…
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Nov- 2023 -17 NovemberNews
Today’s news in brief-17/11/23
HMV is set to make a comeback at its historic Oxford Street location, reopening on November 24, four years after the flagship store closed. The store at 363 Oxford Street, the site of the first HMV store in 1921, will create over 70 new jobs. The refurbished flagship will serve…
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17 NovemberClothing & Shoes
Frasers Group opens multi-fascia store at Gateshead Metrocentre
Frasers Group has opened the doors to Sports Directโs brand new 50,000 sq.ft multi-fascia store in Metrocentre, Gateshead including USC, Evans Cycles, and Game. Sports Directโs new store offers specialist sporting areas for running, football, and outdoor, across menโs, womenโs and kidswear, and brings Sports Directโs Running Concept to customers.…
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17 NovemberNews
Halfords joins bid to rescue Wiggle
Halfords is reportedly among a group of retailers expressing interest in buying online sports retailer Wiggle, Sky News has reported. The retailer is said to have put up a bid to snap up Wiggle, joining Frasers Group, the owner of Sports Direct and Evans Cycles.ย Next is also believed to…
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