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- 2024 -20 DecemberClothing & Shoes
Boohoo bans journalists from boardroom battle with Mike Ashley
Boohoo has reportedly blocked journalists from attending its boardroom showdown with Mike Ashley, following an ongoing battle over the fast-fashion companyโs governance.According to The Telegraph, Boohoo told journalists that they will not be able to attend its annual general meeting today (20 December), where shareholders will vote on Frasersโ demands…
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19 DecemberNews-In-Brief
Today’s news in brief-19/12/24
Amazon is preparing to settle a significant group claim from delivery drivers over working conditions, potentially costing ยฃ140m. The case, brought by Leigh Day solicitors in 2021, argued that more than 3,000 drivers, classified as self-employed, were entitled to compensation of about ยฃ10,500 annually for unpaid earnings. Drivers claimed Amazon…
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19 DecemberClothing & Shoes
Frasers Group given green light for new Warwickshire HQ
Frasers Group has reportedly been given planning permission to build new headquarters on green belt land in Warwickshire, according to reports from the BBC. The site will include a 100-room hotel, warehouses, research and development facilities, swimming pool and sports pitches. According to the BBC, it comes as the company…
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18 DecemberClothing & Shoes
Frasers CEO nominated for Hugo Boss board position
Hugo Boss has confirmed that Frasers CEO Michael Murray has been nominated for election to its supervisory board. Murray has been nominated alongside Andreas Kurali, the former deputy CFO of US tobacco firm Philip Morris International. The two men will be set to replace Gaetano Marzotto and Robin J. Stalker,…
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17 DecemberNews-In-Brief
Today’s news in brief-17/12/24
Sheinโs potential London IPO may challenge regulatory norms as the company reportedly seeks a waiver from the UKโs 10% public float requirement. If successful, it would mark a first for Londonโs stock market. Shein filed confidentially with the FCA in June but faces delays due to regulatory scrutiny, including concerns…
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17 DecemberNews
Boohoo head office sale halted after investor walks away
Boohooโs head office sale has been halted due to an Israeli investor walking away from negotiations, according to The Telegraph. The prospective buyer, who was in talks to acquire the retailerโs Soho office for ยฃ60m, has pulled out due to concerns raised by a survey. The retailer purchased its six-story…
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16 DecemberNews-In-Brief
Today’s news in brief-16/12/24
Isak Andic, founder of the global fashion retailer Mango, has died at the age of 71 following a tragic hiking accident in the Montserrat mountains near Barcelona. Spanish media reported that Andic fell down a 150-metre ravine while exploring deep caves in the region. Born in Turkey and later settling…
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16 DecemberSport & Leisure
Sports Direct opens new 29,000sq ft store in Westfield White City
Frasers Group has opened its latest Sports Directโs latest store in Londonโs Westfield White City Shopping Centre. Complementing Sports Directโs first flagship, situated on Londonโs Oxford Street, the retailer’s new White City location aims to bring a โcutting-edge retail experienceโ. Spanning 29,000 sq. ft across two floors, Sports Direct White…
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12 DecemberNews-In-Brief
Today’s news in brief-12/12/24
Central Groupโs executive chair Tos Chirathivat admitted to overpaying in hindsight for Selfridges and other European luxury department stores as part of a ยฃ4bn deal in 2021. Chirathivat told the FT the price felt steep given rising global interest rates but noted the valuation may look more reasonable in a…
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12 DecemberNews
Debenhams has โgreater valueโ than current group valuation, says Boohoo CEO
Boohoo group CEO Dan Finley has said that Debenhams single-handedly brings โgreater valueโ than the market cap of the rest of the Boohoo brands, reaffirming his confidence in the group and how he thinks the brand is currently undervalued.ย In a video posted on the boohooforall website, Finley said: โI…
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