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Frasers Group buys Australian retailer Sneakerboy out of administration

Frasers Group has bought Australian sneaker and streetwear retailer Sneakerboy for an undisclosed sum following its collapse in the summer. Sneakerboy, which has three stores in Australia, fell into administration in July. Frasers Group chief executive Michael Murray said: “This acquisition further strengthens and diversifies the group’s luxury...

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