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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Nov- 2024 -18 NovemberNews-In-Brief
Today’s news in brief-18/11/24
Sephora is poised for an ambitious UK expansion, planning 20 new stores by 2027, doubling its physical footprint. CEO Guillaume Motte attributes renewed confidence in the UK market to an improved competitive landscape. The brand, which re-entered the UK in 2022 after a 17-year absence, currently operates six stores, with…
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18 NovemberPeople Moves
Frasers lines up former FRC boss as chair
Frasers is reportedly lining up former Financial Reporting Council (FRC) boss Sir Jon Thompson to replace David Daly as its chairman sometime next year, according to Sky News. The outlet reported that while the move has yet to be officially announced, its sources believe it is more than likely to…
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14 NovemberNews-In-Brief
Today’s news in brief-14/11/24
The Range and Wilko owner, CDS Superstores, has acquired 70 Homebase stores after the DIY retailer entered administration. This move, intended to save about 1,600 jobs, will allow Homebase stores to continue operating under CDS while administrators from Teneo Financial Advisory manage the transition. Homebaseโs decline, attributed to low consumer…
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14 NovemberClothing & Shoes
Boohoo raises ยฃ39m through fundraiser as half-year losses triple
Boohoo has raised ยฃ39.3m through a โsignificantly oversubscribedโ fundraising launch with shareholders after its losses tripled in its half-year results.ย In the half-year ended 31 August 2024, adjusted pre-tax losses widened to ยฃ27.4m, up from a loss of ยฃ9.1m the prior year. Revenues also fell by 15% from ยฃ729.1m to ยฃ619.8m.…
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11 NovemberClothing & Shoes
Boohoo excludes Frasers from shareholder meetings amid ongoing row
Boohoo is reportedly set to meet its shareholders this week, but is excluding a meeting with majority shareholder Frasers Group amid an ongoing row between the two companies over its governance.According to The Times, newly-appointed CEO of Boohoo, Dan Finley, is understood to be meeting some of the companyโs biggest…
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8 NovemberClothing & Shoes
Boohoo accuses Frasers of โcommercial self-interestโ as row continues
Boohoo has raised โconcernsโ over Frasersโ behaviour in a new open letter to the Mike Ashley-owned company, as a row over Frasersโ own involvement in Boohoo continues, with the retailer now accusing Frasers of โcommercial self-interestโ. Its latest response comes as Frasers sought stronger involvement in Boohooโs strategic review, with…
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4 NovemberClothing & Shoes
Mike Ashley dubs Boohoo ‘desperateโ after CEO snub
Mike Ashley has called Boohooโs decision to appoint a CEO from within โdesperateโ, after the fast-fashion retailer rejected Frasersโ demands to appoint Ashley as leader of the group.Following the internal promotion of Debenhams CEO Dan Finley to lead Boohoo, Ashley told the Sunday Times: โIndependent shareholders be warned, desperate people…
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1 NovemberNews-In-Brief
Today’s news in brief-1/11/24
Boohoo has appointed Debenhams CEO Dan Finley as its new chief executive, rejecting calls from Frasers Group owner Mike Ashley to assume the role. Finley, who has led Debenhams for two years and previously spent a decade at JD Sports, is praised by Boohoo’s board for his digital retail expertise…
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1 NovemberClothing & Shoes
Boohoo snubs Ashley in favour of Debenhams CEO
Boohoo has announced the appointment of Debenhams CEO Dan Finley as its new CEO. The retailer has chosen to ignore the demands of Frasers Group owner Mike Ashley who demanded to be given the role. Finley, who has been with Debenhams for two years, will take up the role with…
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Oct- 2024 -28 OctoberNews-In-Brief
Today’s news in brief-28/10/24
Mike Ashley, founder of Frasers Group, has indicated readiness to step into the CEO role at Boohoo to initiate a turnaround strategy, following Frasersโ acquisition of a 27% stake in the fast fashion retailer. He criticised Boohooโs management and recent refinancing, which he termed unsatisfactory for shareholders. Boohooโs refinancing agreement…
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