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.
-
Aug- 2023 -8 AugustClothing & Shoes
Frasers ups stake in Asos to nearly 17%
Mike Ashleyโs Frasers Group has announced that it has once again upped its stake in Asos to nearly 17%. The news comes after the group upped its stake in the online retail company to over 10% in June. Additionally, Frasers also acquired 7.8% stake in Boohoo last month. Prior to…
Read More » -
8 AugustClothing & Shoes
Pretty Little Thing co-founder acquires 3% stake in Boohoo
Umar Kamani, the co-founder of Pretty Little Thing, has bought a 3% stake in Boohoo, according to a recent filing on the London Stock Exchange. Earlier this year, Kamani revealed he would be stepping down as CEO of Pretty Little Thing, which was acquired by Boohoo in May 2020. Kamani,…
Read More » -
7 AugustHigh Street
Wilko in need of over ยฃ70m in potential rescue deal
The prospective buyers of Wilko, the discount home goods retailer that is facing permanent closure, will have to invest upwards of ยฃ70m to rescue the business, The Times has reported.ย This comes as PwC, which is advising the retailer, is reportedly in talks with other rival discount retailers and two…
Read More » -
Jul- 2023 -31 JulyDepartment Stores
Frasers Group to axe 100 roles in Manchester
Frasers Group is reportedly set to axe more than 100 roles in its head office in Manchester in a bid to streamline the business, Drapers has reported.ย It is understood that the retail group has entered into a consultation period with staff from Missguided, I saw It First and Studio…
Read More » -
28 JulyDepartment Stores
Large House of Fraser stores to be kept โunder reviewโย
Frasers could reportedly close larger House of Fraser stores in the future as the group continues to reassess its department store portfolio, The Guardian has reported.ย The group has already seen a net decrease of eight House of Fraser stores in the past year, as revealed in its full-year results…
Read More » -
27 JulyHigh Street
Frasers profits nearly double amid sports retail growth
Frasers group has posted profit before tax of ยฃ660.7m for the year ended 30 April 2023, nearly double the ยฃ335.6m profit it posted last year. The company stated that this profit increase was mainly driven by a profit growth from its sports retail business from ยฃ2.64bn in 2022 to ยฃ3.08bn…
Read More » -
26 JulyFeatures
From Tesco to tiles: The eight largest mergers and acquisitions of 2023
This year has seen a large number of M&A deals in the retail industry. In fact, the number of UK retail merger and acquisition deals increased by 23% in the last year, a five year high, according to data from law firm RPC. With more and more retailers looking for…
Read More » -
25 JulyShopping Centres
Frasers owner makes ยฃ50m bid for Leeds shopping centre
Mike Ashley, the owner of Frasers Group, has bid almost ยฃ50m to acquire Junction 32 off the M62 near Castleford, on the outskirts of Leeds, in his latest foray into the world of retail property, The Times has reported.ย This comes as the shopping centre is being sold by Landsec,…
Read More » -
21 JulyNews
THG offloads OnDemand division
THG has recently sold its OnDemand division to a Newco led by the existing OnDemand management team and funded by Gordon Brothers, the advisory and investment firm.ย The Newco will continue to be a client of Ingenuity, with the provision of technology, operational and digital services.ย The news follows the…
Read More » -
20 JulyEvents
FT Future of Retail: Delivering a more sustainable & seamless retail experience
The FT Future of Retail summit will return in 2023 with uniquely crafted panels, lightning talks and high-level keynote speakers to address the big challenges facing the retail sector. Taking place across one day and in a hybrid format, the event will gather some of the biggest names in the…
Read More »
