Frasers Group increases ANZ retail footprint with Accent Group stake

August 28, 2024 mpsingh No Comments Business Frasers, Group, increases, retail, stake

Frasers Group CEO Michael Murray said in July that 2024 was a “breakout year” for building Frasers’ future growth. And so the group’s expansion by acquisition continues, taking a near-15% share in major Australia/New Zealand performance/lifestyle retailer Accent Group. Although terms haven’t been released, local reports put the deal at A$165 million (£84.6 million). One [...]read moreFrasers Group increases ANZ retail footprint with Accent Group stake

Hugo Boss shareholder Frasers files request to buy more shares

August 24, 2024 mpsingh No Comments Business files, Frasers, Hugo, shareholder, Shares

By Reuters Published Aug 24, 2024 Hugo Boss‘ second-biggest shareholder, British sports and fashion retailer Frasers, has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday. Reuters A spokesperson for the Bundeskartellamt authority did not provide any information regarding [...]read moreHugo Boss shareholder Frasers files request to buy more shares

Frasers launches digital jobs shake-up

July 31, 2024 mpsingh No Comments Business digital, Frasers, jobs, launches

Frasers Group may be fast-expanding at one end, but it’s also consolidating at the other. The business is restructuring its London-based digital team and is looking to relocate the department to its head office in Shirebrook, Derbyshire. Flannels Liverpool The company has launched a consultation period for 45 employees, although not all staff under the [...]read moreFrasers launches digital jobs shake-up

Frasers Group adjusted profit soars in “breakout year”

July 18, 2024 mpsingh No Comments Business Frasers, Group, profit, Year

Frasers Group was in the news again on Thursday not because of which company it might or might not be buying (as is usually the case), but for the more mundane issue of its financial results. Sports Direct Not that the results themselves were boring. The company reported numbers for the 52 weeks to the [...]read moreFrasers Group adjusted profit soars in “breakout year”

Frasers Group said to be mulling YNAP bid

July 17, 2024 mpsingh No Comments Business Frasers, Group

Is Frasers Group lining up another surprise buy in luxury e-tail? Perhaps. It has reportedly approached the investment bank handling the sale of Richemont’s struggling online business Yoox Net-A-Porter (YNAP) with a view to buying it. Net-A-Porter The ever-acquisitive UK retail group is said to have spoken to Goldman Sachs as it considers snapping up [...]read moreFrasers Group said to be mulling YNAP bid

Frasers adds to Hugo Boss stake again

July 11, 2024 mpsingh No Comments Business Frasers, Hugo, stake

The Frasers Group acquisition trail is showing no signs of running out of road any time soon, with brand takeovers, shopping destination buys and now a further top-up of its Hugo Boss stake. Hugo Blue It said this week that it has increased its investment in the German luxe fashion giant. It now has interests [...]read moreFrasers adds to Hugo Boss stake again

Frasers Group adds to Hugo Boss investment, is still likely to win UK ops of Ted Baker

May 31, 2024 mpsingh No Comments Business Frasers, Group, Hugo, investment, Win

Frasers Group has increased its stake in Hugo Boss again with the UK business releasing a brief statement on Friday to that effect. Hugo Blue It said it now holds 1,740,161 shares of common stock, representing 2.47% of Hugo Boss’s total share capital. And it has 9,797,500 shares of common stock via the sale of ‘put [...]read moreFrasers Group adds to Hugo Boss investment, is still likely to win UK ops of Ted Baker

Frasers Group mulls stake in key Exeter shopping centre

May 22, 2024 mpsingh No Comments Business Centre, Frasers, Group, key, shopping, stake

Frasers Group’s keen interest in acquiring shopping centres could mean it taking on a big chunk of a key mall in Exeter. @princesshayexeter The group is looking to buy a half-share in Devon’s Princesshay estate, which includes the central Exeter shopping centre of the same name, according to The Times. The asking price is believed to [...]read moreFrasers Group mulls stake in key Exeter shopping centre

Frasers Group fails to secure injunction linked to Newcastle United kit supply case

May 20, 2024 mpsingh No Comments Business Frasers, Group, supply, United

Sports Direct has failed in its bid to secure an injunction against Newcastle United (NUFC) in a row over an exclusive replica football kit supply deal with rival retailer JD Sports. Castore The Court of Appeal has rejected Sports Direct’s permission to appeal a decision over the Premiership side’s refusal to supply its now-Adidas-produced replica [...]read moreFrasers Group fails to secure injunction linked to Newcastle United kit supply case

Frasers Group close to deal for Ted Baker retail

May 8, 2024 mpsingh No Comments Business close, deal, Frasers, Group, retail

None of the parties involved are commenting, but as of Wednesday afternoon, it looks like Frasers Group is getting closer to a deal to take on Authentic Brands Group’s Ted Baker retail operations in the UK and Europe. Ted Baker The opportunity has arisen after the collapse of No Ordinary Designer Label (NODL), Ted Baker’s [...]read moreFrasers Group close to deal for Ted Baker retail