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.
-
Oct- 2024 -28 OctoberPeople Moves
Mike Ashley ‘ready’ to assume CEO role at Boohoo
Mike Ashley, the founder of Frasers Group, is reportedly โall inโ to take up the post of CEO at Boohoo and begin a turnaround plan, according to The Sunday Times. It comes after Frasers Group began acquiring Boohoo shares in June 2023. The group currently holds a 27% stake in…
Read More » -
25 OctoberNews-In-Brief
Today’s news in brief-25/10/24
Boohoo has countered Frasers Groupโs claims of โstone-wallingโ regarding the latterโs push to install Mike Ashley as Boohooโs CEO. In response to an open letter from Frasers, which accused Boohooโs board of hindering its proposals and expressed dissatisfaction with Boohooโs recent debt refinancing, Boohoo stated that Frasersโ preference for Ashley…
Read More » -
25 OctoberDepartment Stores
Frasers Group opens 70,000 sq. ft Flannels Leeds flagship
Frasers has opened a new store in Leeds marking its sixth โflagshipโ store with additional locations in London, Leicester, Liverpool, Sheffield and Newcastle. The store, which stretches across six floors and over 70,000 sq.ft, offers luxury and contemporary designer fashion brands, beauty retail concepts, a luxury resale space, full-scale homeware…
Read More » -
25 OctoberClothing & Shoes
Boohoo refutes Frasers stone-walling claims over CEO proposalย
Boohoo has responded to Frasersโ call to install Mike Ashley as CEO, rebutting claims it has โstone-walledโ Frasers over discussions about the appointment, whilst also calling Frasersโ categorisation of its debt refinancing โinaccurate and unfairโ.Earlier this week, Frasers Group called on Boohoo to appoint its founder Mike Ashley as director…
Read More » -
24 OctoberNews-In-Brief
Today’s news in brief-24/10/24
Frasers Group is pressuring Boohoo to appoint its founder Mike Ashley as CEO, criticising the current leadership’s handling of the business. In an open letter, Frasers, which holds a 27% stake in Boohoo, described the company’s recent performance as “abysmal,” following a 15% revenue decline to ยฃ620m for the six…
Read More » -
24 OctoberClothing & Shoes
Frasers calls for Boohoo to appoint Mike Ashley as CEOย
Frasers Group has called on Boohoo to appoint its founder Mike Ashley as director and CEO of the struggling online company, after slamming the โcontinued incompetenceโ of the current Boohoo board amid an โabysmalโ trading performance.ย In an open letter to Boohoo, Frasers urged the company to remove outgoing CEO John…
Read More » -
22 OctoberNews-In-Brief
Today’s news in brief-22/10/24
Mulberryโs board has backed Challice, the majority shareholder, in rejecting Frasers Groupโs increased ยฃ111m takeover bid. Challice made it clear last week that it has no intention of selling its shares or offering any commitment to Frasers. Mulberryโs board emphasised its unanimous decision to reject the offer, focusing instead on…
Read More » -
22 OctoberLuxury Goods
Mulberry board backs decision to reject Frasers bid
The board of Mulberry has backed the decision by majority shareholder Challice to reject the improved ยฃ111m takeover bid from Frasers Group. Challice stated last week that it had โno interest in either selling its Mulberry shares to Frasers or providing Frasers with any irrevocable or other undertaking with regards…
Read More » -
21 OctoberNews-In-Brief
Today’s news in brief-21/10/24
Frasers Group has agreed to sell its 20.3% stake in N Brown for ยฃ191m to Falcon 24 Topco Limited, owned by Joshua Alliance. Despite divesting from N Brown, Frasers looks forward to a strategic relationship with Alliance. Concurrently, Frasers is pursuing the acquisition of luxury brand Mulberry, raising its offer…
Read More » -
21 OctoberHigh Street
Retail Trust launches training to help shop staff combat rising abuse
The Retail Trust is set to launch free training for shop workers next month to help them combat an โexpected riseโ in abusive customer behaviour ahead of the busy festive period.It comes as new research from the charity found that one in three shop staff face weekly abuse from shoppers,…
Read More »
