The U.K.-based Frasers Group, owner of Sports Direct and Flannels, has acquired a majority stake in Miami-based luxury retailer The Webster, further strengthening its position in the global premium and luxury retail segment.
Frasers Group has announced the acquisition of a majority stake in The Webster, a Miami-based luxury retailer known for its curated mix of high-end fashion and design brands. The move marks another step in Frasers’ strategy to expand its presence in the luxury and premium retail space, complementing its Flannels division.
The financial terms of the transaction were not disclosed. Laure Hériard Dubreuil, founder and CEO of The Webster, will retain a minority share and continue to lead the company’s day-to-day operations. The brand will be integrated into Frasers’ Flannels division, which currently operates over 80 stores across the U.K. and Ireland and collaborates with leading luxury houses such as Moncler and Saint Laurent.
The Webster runs 13 stores in North America
Founded in 2009, The Webster has grown into a recognizable name in North American luxury retail, combining contemporary fashion, art, and lifestyle. The company operates 13 stores across the U.S. and Canada, including flagships in Miami, Los Angeles, and New York, and reported a 10 percent revenue increase last year.
In recent years, Frasers Group has steadily invested in its Flannels and House of Fraser divisions to capture the fast-growing demand for accessible luxury.
