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.
-
Nov- 2022 -22 NovemberClothing & Shoes
Crew clothing eyes Joules takeover
Crew Clothingโs owner and majority shareholder is reportedly considering acquiringย embattled retailer Joules out of administration, according to Drapers. The outlet has revealed that the Brigadier Acquisition Company, which is owned by Menoshi Shina, is in talks with administrators Interpath Advisory about a potential rescue deal that could see a…
Read More » -
Oct- 2022 -27 OctoberOnline & Digital
Frasers takeover of MySale nears completion
Frasers Group has moved closer to completing its takeover of MySale, having received acceptance for more shares of the Australian marketplace. The Sports Direct owner currently holds 691,327,967 MySale shares, representing 66.48% of MySale’s entire issued share capital. As of 26 October 2022 however, Frasers said it owns or has…
Read More » -
24 OctoberClothing & Shoes
Frasers acquires stake in Asos
Mike Ashleyโs Frasers Group has reportedly snapped up a stake in embattled online retailer Asos. Frasers notified Asos it had become a โsignificantโ shareholder late on Friday of last week (21 October). It is believed the move will make Frasers the fourth biggest shareholder at around 5% but still significantly…
Read More » -
20 OctoberNews
Frasers Group pledges to go fur-free
Frasers Group, owner of House of Fraser, Flannels and Sports Direct, has announced it has immediately informed its suppliers it will stop purchasing fur products, a move that will take effect on shop shelves this coming season (Autumn/Winter 2023). The global commitment was announced by Frasers Group chief executive Michael…
Read More » -
13 OctoberOnline & Digital
MySale asks shareholders to accept Frasers offer
The board of MySale has asked its shareholders to accept Frasers Group takeover offer despite it โunanimously believingโ that it undervalues the company. The news comes after Frasers made a cash offer by Frasers for the entire issued and to be issued ordinary share capital of MySale, at 2 pence…
Read More » -
13 OctoberNews
Frasers eyes new Midlands global HQ
Sports Direct could quit its current Derbyshire headquarters amid plans from its parent company Frasers to create a new global HQ in the West Midlands, according to the BBC. The Shirebrook site was sold in 2019 but Sports Direct’s lease runs to 2034. The group, which also runs Flannels and…
Read More » -
12 OctoberClothing & Shoes
Frasers acquires minority stake in N Brown
Frasers Group has revealed it has acquired a 4.54% stake in fashion retailer N Brown, according to the latest holding documents filed by the company. The pureplay retailerโs brands include Jacamo, Simply Be and JD Williams and was founded in 1859 in Manchester – where its headquarters remain to this…
Read More » -
10 OctoberOnline & Digital
Studio Retail audits to be investigated by watchdog
The Financial Reporting Council (FRC) has revealed it has commenced an investigation in relation to the audit conducted by Mazars LLP of the financial statements of Studio Retail Group plc for the period ended 26 March 2021. The decision was made at a meeting of the FRCโs Conduct Committee on…
Read More » -
3 OctoberHigh Street
Frasers urges MySale shareholders to accept offer
Frasers has published a letter in which it urged MySale shareholders who have not yet accepted the mandatory offer to do so โas soon as possibleโ so as to be received or settled by no later than 1.00pm on 1 November 2022. It comes after Frasers announced that, as at…
Read More » -
Sep- 2022 -27 SeptemberDepartment Stores
Frasers Group CEO to waive ยฃ1m salary
Frasers Group has confirmed that new CEO Michael Murray will waive his ยฃ1m base salary for the financial year ended 30 April 2023. It comes as the group is focusing on achieving an adjusted profit before tax of โat leastโ ยฃ500m in its next results. The group has also set…
Read More »
