Frasers Group news and archive

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...

Member

Business

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...

FeaturedMember

Business

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...

Member

Business

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...

Member

Business

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...

Member

Business

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...

Member

Business

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...

Member

Business

Frasers Group considers all cash bid for Revolution Beauty

Frasers Group has made a bid for British cosmetics brand Revolution Beauty. With this, Sports Direct’s parent company has joined “a number of parties conducting due diligence as part of the formal sale process”, the brand announced in a regulatory filing. Frasers confirmed its participation in its own filing, where it stated that it is...

Retail

Frasers Group expands retail presence with Store in Dundee

Frasers Group is opening a new store in Dundee The British retail giant has opened a new store in the Frasers-owned Overgate Shopping Centre, the Group revealed on Friday. The new ‘concept store’ in the Scottish city is located in a former Debenhams unit and brings together sport, premium fashion, lifestyle, and beauty under one roof. Spanning...

FeaturedMember

Business

Frasers Group takes control of XXL ASA amid liquidity and supply chain challenges

British fashion giant Frasers Group has taken over XXL ASA after its largest shareholder divested its shares. The news comes on the back of the Norwegian sporting goods retailer announcing that it is in need of short-term liquidity “in order not to breach its financial covenants”. Frasers, which had been pursuing a takeover of XXL since 2024,...

People

Frasers Group CEO appointed to Hugo Boss board

Michael Murray, the chief executive officer of Frasers Group, has joined the board of Hugo Boss. His election reaffirms the British retail giant’s commitment to the German brand, for which it currently holds a 19.2 percent stake. Murray’s appointment was confirmed in Hugo Boss’ Annual General Meeting, during which it was also announced that...

Member

Business

Frasers Group launches retail media network Elevate

British retail group Frasers Group Plc has launched a new retail media network. Dubbed Elevate, the network is based on the group’s first-party data. It is designed to help brand partners reach consumers through highly personalised advertising, Frasers announced on Tuesday. With the newly launched platform, Frasers aims to enable brands to...