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 -9 DecemberClothing & Shoes
Boohoo calls on shareholders to reject Mike Ashley’s board bid
Boohoo has urged its shareholders to vote against Mike Ashleyโs board appointments ahead of its AGM on 20 December. In an update posted this morning, Boohoo revealed that independent proxy adviser Institutional Shareholder Services (ISS) has recommended shareholders vote against Fraserโs bid for board representation which would see Ashley as…
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6 DecemberClothing & Shoes
Frasers eyes takeover deal of Norwegian sports retailer
Frasers Group has announced this morning (6 December) its intention to launch a voluntary offer for all shares in XXL ASA, a Norwegian sporting goods retailer, which has a physical and online presence in the Nordics and Australia.ย News comes via the Oslo Stock Exchange after Frasers โcarefully considered the…
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5 DecemberNews-In-Brief
Today’s news in brief-5/12/24
Police are investigating stalking and corporate espionage allegations from Boohoo executives, including CEO Dan Finley and co-founder Mahmud Kamani. Reports suggest the executives have been followed and watched in Manchester, London, and Kent, with Kamani allegedly assaulted and ex-CEO John Lyttle encountering trespassers. Surveillance equipment found outside Boohoo’s Manchester office…
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5 DecemberHigh Street
Frasers lowers profit guidance as H1 sales fall 8.4%
Frasers Group has lowered its profit guidance for FY25 to between ยฃ550m to ยฃ600m, having seen its sales fall by 8.4% to ยฃ2.45bn in the first half to 27 October.ย This downgrade is from an earlier boundary of ยฃ575m to ยฃ625m, as Frasers noted that recent trading conditions have been…
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Nov- 2024 -27 NovemberNews-In-Brief
Today’s news in brief-27/11/24
The House of Lords Built Environment Committee has urged high streets to evolve beyond retail to reverse their decline. Its report highlights over 10,000 store closures in 2023, emphasizing that the traditional dominance of retail is outdated. Instead, demand is shifting towards leisure, dining, and public services such as health…
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27 NovemberSport & Leisure
Frasers acquires South African sports retailer Holdsport
Frasers Group has expanded its global footprint through acquiring South African sporting, outdoor and recreation goods company, Holdsport.It acquired the retailer for an undisclosed sum from Old Mutual Private Equity (OMPE) and Holdsport’s management, and the transaction is expected to close in the coming months. Holdsport operates across retail, wholesale,…
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21 NovemberNews-In-Brief
Today’s news in brief-21/11/24
Boohoo has appointed Tim Morris as its new independent Chair, effective immediately, marking another milestone in the company’s ongoing restructuring. Mahmud Kamani, the founder, transitions to the role of executive vice chair while waiving his salary for a year. This change aligns with Boohoo’s broader strategy to improve governance and…
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21 NovemberClothing & Shoes
Frasers calls on Boohoo to oust founder Kamani as row continues
Frasers has openly called for Boohoo shareholders to oust Mahmud Kamani from the company and instead appoint Mike Ashley to the board, citing that โurgent change is neededโ at Boohoo following its latest โdismalโ results.In its latest open letter to shareholders, the Mike Ashley-owned group, which is a majority shareholder…
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20 NovemberNews-In-Brief
Today’s news in brief-20/11/24
Ted Baker has re-entered the online retail scene with a UK-exclusive ecommerce platform following its financial collapse earlier this year. The site is operated by United Apparel and Legwear (ULAC), appointed by Authentic Brands Group, which owns the brand. European versions are in development. This marks a strategic pivot after…
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20 NovemberClothing & Shoes
Ted Baker relaunches UK website
Ted Baker has relaunched its ecommerce website under its new operator in the UK following its collapse earlier this year. The new website currently only ships exclusively to the UK but states that European versions are coming soon. It is the first move from United Apparel and Legwear (ULAC), the…
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