Frasers Group news and archive

Frasers Group acquires shopping mall for 58 million pounds

Frasers Group has snapped up a Luton shopping centre in a 58 million pound deal as it looks to continue cementing its place in the retail landscape. The Mall, which houses over 150 retailers, was put up for sale by Capital & Regional last year. The real estate investment company said that it “had previously deconsolidated its interest in The...

Mar 20, 2023

Business

Frasers Group to commence 80 million pound share buyback programme

Fashion retail conglomerate Frasers Group has announced it intends to launch a new share buyback programme worth 80 million pounds. The initiative will cover the current period up until and including the last trading day prior to the company’s financial year end of April 30. In a regulatory filing, the group said the programme’s purpose is to...

Feb 20, 2023

Business

Studio Retail to grow team in first expansion since Frasers Group takeover

Studio Retail is said to be expanding its team as it looks towards a period of transformation under its new owner, Frasers Group. The Lancashire-headquartered company is reportedly creating 30 news jobs at its Clayton-le-Moors location, where it houses administrative and operational functions. The move is the first major step taken by Mike...

Feb 10, 2023

Management

Frasers Group completes acquisition of five JD Sports brands

British fashion giant Frasers Group has completed its acquisition of five brands from rival JD Sports. The group, whose fast-growing portfolio includes Sports Direct, House of Fraser, and Jack Wills, announced in December it had reached an agreement to buy 15 brands from JD in a deal worth 47.5 million pounds. On Wednesday, Frasers Group...

Feb 8, 2023

Business

Bollman Hat Company secures majority interest in Kangol

Bollman Hat Company has announced that it has come to an agreement with Frasers Group to acquire 51 percent equity share and full intellectual property rights of hat maker Kangol. The move builds on Bollman’s existing relationship with the company, with it having already held the global rights to develop and produce its headwear since 2001....

Feb 3, 2023

Business

Frasers Group reportedly looking to launch BNPL scheme

Fashion conglomerate Frasers Group has reportedly set its sights on adding a new financial service to its already expansive portfolio. Under its new boss Michael Murray, the group is said to be preparing to launch its own Buy Now, Pay Later (BNPL) scheme, which could allow buyers to borrow up to 2,000 pounds. According to The Telegraph, the...

Jan 30, 2023

Business

Frasers Group ups stake in N Brown, becomes second-largest shareholder

Mike Ashley’s Frasers Group has once again upped its stake in online retailer N Brown, making it the group’s second-largest shareholder. The fashion giant, which owns the likes of Sports Direct, Missguided and House of Fraser, increased its stake to 17.88 percent, according to the company’s regulatory filing. Frasers initially increased its...

Jan 30, 2023

Report

Frasers Group updates on investment in Hugo Boss

Frasers Group Plc (FRAS.L ZVX.F), a British retail, sport and intellectual property group, Friday issued an update regarding its investment in German luxury fashion brand Hugo Boss AG (HUGSF.PK). Frasers' current investment in Hugo Boss now comprises 2.71 million shares of common stock, representing 3.9 percent of Hugo Boss's total share capital...

Jan 6, 2023

Retail

Sports Direct to open Dublin flagship at former Debenhams site

Frasers Group is to open a new Sports Direct flagship store on Henry Street in Dublin. The group will take over a 200,000 square foot space which is currently occupied by Inditex’s Zara and formerly by Debenhams prior to its collapse. Ger Wright, Frasers Group’s managing director of sports, said in a statement seen by Retail Gazette: “Dublin is...

Dec 28, 2022

ManagementFeatured

Frasers Group acquires JD Sports’ premium fashion brands

Mike Ashley’s Frasers Group has announced the acquisition of a number of premium fashion brands that JD Sports Fashion has stakes in. The company has snapped up 15 of the group’s retailers via shares held by JD, with all of the indebtedness to be transferred to subsidiaries of Frasers Group. Brands included in the deal are Tessuti, Base...

Dec 19, 2022

Report

Frasers Group reveals it acquired I Saw It First for just one pound

In its most recent financial report, Frasers Group revealed it had acquired the entire share capital of online fashion retailer I Saw It First for cash consideration of one pound, a sum that had not initially been disclosed. Additionally, the group stated that, at the time of the acquisition, the brand owed 13 million pounds to its shareholders....

Dec 12, 2022

Report

Frasers Group posts increase in revenue and profit

For the 26 weeks to October 23, 2022, Frasers Group revenue increased by 12.7 percent, largely due to acquisitions to 2638 million pounds. Excluding acquisitions, disposals and on a currency neutral basis, the company said, revenue increased by 3.9 percent. The company’s reported pre-tax profit was 284.6 million pounds, up 53 percent, adjusted...

Dec 8, 2022