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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Jan- 2025 -29 JanuaryHealth & Beauty
Frasers ups stake in THG to 4.8%
Mike Ashleyโs Frasers Group has upped its stake in THG to 4.8% as it continues investing in a number of UK retailers. The group now holds 63,156,741 voting rights in the company. The news comes after THG received a ยฃ10m strategic investment from Frasers Group to fund the demerger of…
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27 JanuaryNews-In-Brief
Today’s news in brief-27/1/25
WH Smith is exploring the sale of its high street arm to focus on its global Travel business, which now contributes 75% of revenue and 85% of profits. The potential sale, managed by bankers at Greenhill, comes amid a 9% decline in high street profits to ยฃ39m, although group revenue…
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27 JanuaryHigh Street
The Original Factory Shop nears sale to Baaj Capital
The Original Factory Shop (TOFS) is close to being sold after more than 17 years of ownership of private equity firm Duke Street, Sky News has revealed. Baaj Capital, a family office behind investments in fashion retailer In The Style as well as party supplies group Amscan International, is allegedly…
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22 JanuaryNews-In-Brief
Today’s news in brief-22/1/25
River Island has engaged AlixPartners to manage cost reductions ahead of impending tax hikes in April. Despite a ยฃ33.2m pre-tax loss and a 19% drop in turnover to ยฃ578.1m for 2023, the retailer plans no formal restructuring affecting its 250+ stores. Waterstones reported a substantial rise in pre-tax profits to…
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22 JanuaryClothing & Shoes
Boohoo shareholders reject Frasersโ bid to remove co-founder
Boohoo shareholders have โoverwhelminglyโ voted against the resolution proposed by Frasers Group that would see founder and group executive vice chair Mahmud Kamani removed as director from the company.ย At a general meeting held yesterday (21 January), 63.17% of shareholders voted against the resolution compared to 36.8% who voted in…
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9 JanuaryNews-In-Brief
Today’s news in brief-9/1/25
The BRC-Nielsen IQ Shop Price Index showed shop price deflation at 1% in early December, up from 0.6% the previous month, reflecting strong discounting tied to a later Black Friday. Non-food prices fell sharply by 2.4%, though food inflation remained steady at 1.8%, its lowest since December 2021. BRC CEO…
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9 JanuaryClothing & Shoes
Boohoo urges vote against Frasersโ motion to remove founder
Boohoo has published a new letter urging shareholders to vote against an upcoming motion to remove Mahmud Kamani as director, following a demand by Frasers to oust the founder.In a new update, Boohoo said its board formed an independent committee composed of all directors other than Kamani to consider the…
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Dec- 2024 -23 DecemberNews-In-Brief
Today’s news in brief-23/12/24
Fashion retailer Quiz plans to delist from the Alternative Investment Market (AIM) and re-register as a private company following weak sales and financial strain. A shareholder vote, requiring a 75% majority, is scheduled for 8 January 2025, with the transition set for 23 January if approved. The company cited regulatory…
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23 DecemberClothing & Shoes
Boohoo offloads head office for ยฃ49.5m
Boohoo has completed the sale of its London office for a total of ยฃ49.5m.ย Located on Great Pulteney Street, Soho, the site was sold to Global Holdings UK Limited, an independent property fund.ย Boohoo said the move would help to โfurther strengthen the company’s balance sheetโ. Part of the proceeds will…
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20 DecemberNews-In-Brief
Today’s news in brief-20/12/24
Retail sales in the UK edged up by 0.2% in November, falling short of analystsโ 0.5% forecast. The slight increase followed a 0.7% decline in October, with food sales rising for the first time in three months, up 0.5%, while non-food revenues rose by 0.2%. However, clothing sales fell sharply…
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