Frasers Group news and archive

Hugo Boss defends supervisory chair after Frasers Group pulls backing

The chairman of the supervisory board at Hugo Boss has lost the backing of the fashion group’s largest shareholder, Frasers Group, intensifying tensions at the top of the German luxury apparel company. In a mandatory announcement published late Friday, Frasers Group said it no longer supports Stephan Sturm in his role as supervisory board chair....

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Frasers Group acquires Hervis stores in Hungary and Romania

Austrian sporting goods retailer Hervis, owned by the Spar Group, is withdrawing from two markets. Hervis Sport- und Modegesellschaft mbH has concluded an agreement with Frasers Group (European Holdings) Limited, part of the UK retail group Frasers Group Plc, regarding the sale of the companies Hervis Hungary (Hervis Sport és Divatkereskedelmi...

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Frasers Group snaps up Braehead Shopping Centre expanding retail network

British retail giant Frasers Group is continuing its retail network expansion with the acquisition of Renfrew’s Braehead Shopping Centre. The Scottish site was offloaded by SGS UK Retail, which initiated a transformation of the shopping centre as part of a wider restructuring at the company, strengthening its market position and sales...

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Sport Direct unveils “elevated” flagship in Liverpool

Sports Direct, Europe’s biggest retailer of sports and fitness footwear, clothing and equipment, which is part of the Frasers Group, has unveiled a new elevated store format in Liverpool, offering consumers a retail space to both shop and workout. The new store opening on Liverpool’s Church Street marks the next phase in the brand’s vision to...

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Frasers Group becomes majority stakeholder in luxury retailer The Webster

The Webster is set to sell a majority stake of the company to British retail giant Frasers Group as part of a new strategic partnership. The leading shareholder position is currently held by founder and chief executive officer of the luxury retailer Laure Hériard Dubreuil and her family. Through the deal, Frasers intends to provide its own...

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Frasers Group names new chair in boardroom reshuffle

British retail giant Frasers Group has initiated a reshuffle of its boardroom upon the exit of its chairman, David Daly. Daly, who has been with the company for eight years, will be stepping down on September 24 following the company’s AGM. Daly is to be succeeded by Jon Thompson, who will step into the role of chair on September 1. Thompson...

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Frasers Group rescues tech retailer eBuyer from administration

Sports Direct-owner Frasers Group has acquired British tech retailer eBuyer out of administration. Media reports had initially suggested that administrators at FRP Advisory were appointed by eBuyer to oversee the process, resulting in the closure of its e-commerce store. With Frasers stepping in, however, the site is now live again. The...

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Tensions heighten: Frasers demands investigation into Boohoo’s Kamani amid loan scandal

Frasers Group has demanded an investigation and suspension of Mahmud Kamani, the executive vice chair of Debenhams Group, after he was accused of making loans to suppliers. The retail group, owned by Mike Ashley, issued an open letter to Debenhams following the publication of an article by the Telegraph last week that suggested Kamani, founder...

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Debenhams Group addresses speculation over debt facility

Debenhams Group – formerly Boohoo Group – has addressed speculation regarding a possible new debt facility, clarifying the nature of its financial plans. In a regulatory filing, the retailer confirmed that it has in place an existing 125 million pound revolving credit facility which does not expire until October 2026. Debenhams further stated...

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Next and Frasers said to be in running for Seraphine rescue deal

Following Seraphine’s descent into administration last week, speculation over potential saviours are beginning to swirl. Among them, British retail giants Next and Frasers Group are said to be frontrunners in potential deals to rescue the maternity wear brand. According to sources for Drapers, dubbed “several industry veterans”, the two firms...

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Frasers Group drops out of Revolution Beauty race

Sports Direct owner Frasers Group has pulled out of the bidding race for Revolution Beauty. The retail giant said in a regulatory filing that it “now confirms that it does not intend to make an offer” for the British cosmetics brand. Revolution Beauty launched its formal sales process last month after receiving a preliminary takeover offer for...

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Frasers reportedly offers cash injection to Debenhams Group

Sports Direct parent company Frasers Group is believed to have offered a cash injection to Debenhams Group – formerly Boohoo Group – as it mulls debt refinancing. According to the Telegraph, Frasers, which owns a 29.65 percent stake in Debenhams, has reportedly requested a meeting with the retailer’s non-executive chairman Tim Morris to discuss...