Frasers Group news and archive

Frasers Group reportedly snaps up indie retailer Thackerays

British retail giant Frasers Group, owner of Flannels and Sports Direct, has continued in its pursuit of gaining market share in the independent space through the reported acquisition of multi-brand indie retailer Thackerays. Frasers takeover of the company, which was founded in 1972, was initially reported by TheIndustry.Fashion citing industry...

BusinessFeatured

Frasers Group CEO hails ‘break-out year’ as profits jump 13.1 percent

British fashion and retail giant Frasers Group has welcomed a significant uptick in its profits amid what its chief executive, Michael Murray, called a “break-out year”. In the report, Murray said that Frasers made “significant progress” with its Elevation Strategy, expanded its retail ecosystem, strengthened brand relationships, and generated...

Business

Frasers Group ups Hugo Boss stake to 415 million pounds

Frasers Group has once again increased its stake in German premium brand Hugo Boss, for which it now holds common stocks valued at around 415 million pounds (490 million euros). The British retail giant has increased common stock to over 5.6 million shares, representing 7.99 percent of Hugo Boss’ total share capital. It further shifted its...

Retail

Frasers Group snaps up Doncaster’s Frenchgate Shopping Centre

Retail giant Frasers Group is continuing the expansion of its portfolio with the acquisition of Doncaster-based Frenchgate Shopping Centre. With the 770,000 square foot retail centre, Frasers hopes to build on its commitment to both physical retail in the UK as well as its geographical positioning across the region as a whole. The shopping...

Business

Frasers reportedly halts orders following acquisition of Coggles

It is believed that some clients of Coggles and The Hut, both recently acquired by Frasers Group, have had their orders cancelled in the past few days. A number of premium and luxury brands have reportedly been contacted by THG, the brands’ former owner, to say orders for AW24 and SS25 had been cancelled, according to Drapers. The media outlet...

Business

Matches customers reportedly warned of imminent website closure

Months after entering administration under its new owner Frasers Group, Matches is now believed to be preparing for the imminent closure of its website. According to media reports, the retailer is understood to have sent an email to its customers warning that they will have until June 30 to shop on its site. Next to this, Matches added a further...

BusinessFeatured

THG sees strong H1 trading, partners with Frasers Group

THG Group has announced the company made further progress in the first six months of 2024 in line with previous revenue guidance, and the second quarter is expected to represent the third consecutive quarter of year-on-year revenue growth. The company said in a statement that the performance is underpinned by positive trading within the beauty,...

Business

Frasers Group's acquisition of Dutch retailer Twin Sport approved

Frasers Group is getting closer to acquiring Dutch sports retailer Twin Sport after the Netherlands' Market and Consumer Authority ruled that there would still be enough competition within the local market following the potential takeover. The British fashion and retail giant, which owns Sports Direct, House of Fraser and Flannels, had initially...

Fashion

Frasers Group welcomes back WIT Fitness founders ahead of relaunch

WIT Fitness, the specialist training brand acquired by Frasers Group in January 2024, has announced the return of its original founders, Sam Kitching and Daniel Williams. The duo will lead WIT in partnership with Frasers Group, aiming to revitalize the brand and reconnect with the fitness community ahead of its significant summer relaunch,...

People

Frasers Group appoints former HMRC CEO to board

Fashion and retail giant Frasers Group has announced that Jon Thompson, a former chief executive of the UK’s HM Revenue and Customs (HMRC) organisation, will be joining its board as a non-executive director. The appointment comes as Frasers looks to strengthen its leadership amid a long-term growth strategy through which it continues to position...

Business

Frasers Group ups Hugo Boss stake to 305 million pounds

Frasers Group has once again upped its stake in Hugo Boss, this time bringing its holdings in the German fashion brand to the equivalent of 305 million pounds. The British retail conglomerate now holds 2.47 percent of Hugo Boss’ total share capital and 13.92 percent through the sale of put options. This comes as a U-turn on Frasers’ previous...

Business

Frasers Group loses appeal against NUFC regarding replica kits

In the latest development of Sports Direct against Newcastle United Football Club (NUFC), the Frasers Group-owned retailer has failed in its bid to appeal a decision made regarding the supply of the football club’s replica kit. Sports Direct had requested for the UK’s Court of Appeal to reassess the Competition Appeal Tribunal’s decision to not...