All Frasers Group articles

  • News briefs

    Sports Direct’s parent company warns Covid-19 could cost more than £200 million


    Frasers Group , the parent company of Sports Direct , has warned that it could take a hit of more than £200 million (€230m-$275m) due to Covid-related restrictions. This would be double the previous estimate it had made in February, when the company said it expected that the pandemic crisis ...

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    Frasers acquires retail park near Manchester


    Frasers Group has acquired the estate of the Robin Retail Park in the town of Wigan, just outside Manchester in the U.K. The terms of the sale have not been disclosed. According to Drapers , however, Otium Real Estate paid £12 million (€14m-$17m) for the property in March ...

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    Frasers takes a hit with English retail lockdown due to end on Apr. 12


    British Prime Minister Boris Johnson announced that non-essential retail stores may reopen in England on April 12 after having been closed since Jan. 4 to prevent the spread of the Covid-19 pandemic. Indoor leisure facilities such as gyms are also due to reopen on that date. Like in other ...

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    Frasers cashes out of French Connection


    Frasers Group , the parent company of Sports Direct , has sold its entire 24.93 percent interest in French Connection , a British fashion company in which it started to invest in 2017, when the share price was higher than it is now. The shares were probably worth less than ...

  • News briefs

    Another investment in fashion by Ashley


    The difficult economic situation, which is particularly acute in the fashion sector, has probably led the acquisitive Frasers Group to snap up Psyche , a British fashion retailer that offers about 200 high-end brands, such as Barbour and Boss , along with such heritage brands as Champion . ...

  • News briefs

    Ashley and ABG vie for Debenhams and Arcadia


    Mike Ashley , the acquisitive boss of Frasers Group who is bidding for Debenhams , the biggest and oldest British department store chain, is reportedly interested now also in some of the assets of Arcadia , the bankrupt fashion retailing group that holds the largest number of concessions in ...

  • Article

    Frasers Group raises guidance as stores reopen


    After what the Frasers Group called its most challenging year in its history - due to Brexit, a Belgian tax investigation and Covid-19 - the parent company of Sports Direct and many other retail chains posted a 29 percent rise in earnings for the first half of its ...

  • Article

    Frasers Group in last-ditch bid to grab Debenhams


    Mike Ashley ’s Frasers Group has returned to the fight with a last-ditch offer for Debenhams in a bid to save the largest and oldest British department store chain from liquidation. The group, which owns the Sports Direct chain of sporting goods stores as well as ...

  • News briefs

    JD may be serious about Debenhams


    JD Sports Fashion has reportedly entered exclusive negotiations for the acquisition of Debenhams , the struggling British department store chain, with FRP and Lazard , which are advising the bankrupt company’s receivers. According to the reports, JD is particularly attracted by Debenhams’ website and the locations of some ...

  • News briefs

    JD may bid for Debenhams


    JD Sports Fashion is said to be studying a possible bid for Debenhams , the biggest chain of department stores in the U.K. with 124 stores and a web shop. According to reports, JD has been given access to its financial data, which was previously denied to Frasers ...

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    News briefs

    Frasers opens its first multi-brand store


    Britain’s Frasers Group , formerly Sports Direct International , opened its first multi-brand store on Oct. 31. The initiative stems from Frasers’ “elevation programme,” under the leadership of Michael Murray . The 51,000-square-foot premises are located at the Cascades Shopping Centre in the British city of Portsmouth and feature products ...

  • News briefs

    Frasers’ shareholders approve a special bonus scheme


    Asked to comment on British press reports on the subject, Frasers Group , the owner of the Sports Direct chain of sports shops and other assets, says that its annual general meeting last week approved a special new £100 million (€110m-$129m) bonus program that would be open to the ...

  • DW Sports

    Frasers Group to acquire some of DW’s gyms and stores


    Frasers Group says that it has bought some of the gyms and sports stores of its rival Dave Whelan Sports group out of administration for £37 million (€41m-$48m). Its revenues wiped out by the coronavirus lockdown, DW Sports was placed in the hands of BDO Business Restructuring ...

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    Frasers Group survives an annus horribilis


    The management of Frasers Group , formerly known as Sports Direct International , said the past year will likely be remembered as the most challenging year in the history of the company. It cited political uncertainty around Brexit, the Covid-19 crisis and a Belgian tax investigation for an amount of ...

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    Frasers is reportedly bidding for DW Sports


    Mike Ashley ’s Frasers Group , formerly called Sports Direct International , has offered to pay more than £30 million (€31.3m-$39.1m) for DW Sports , according to the Sunday Times, or 33 percent more than the reported asking price for the chain. It’s not clear whether Ashley is ...

  • News briefs

    Frasers delays financial report, establishes a new commercial division


    Frasers Group – formerly Sports Direct International – says it is delaying the presentation of its annual results, as it did last year, because it needs more time to complete the accounts and their audit. The report is now due to be released on Aug. 20 instead ...

  • News briefs

    Frasers to open multi-brand store


    Frasers Group is reportedly setting up a multi-brand store at Fosse Park in the British city of Leicester. The store will measure 90,000 square feet, with 50,000 devoted mostly to the Flannels banner and the rest mostly to Sports Direct , each having a separate entrance. The store ...

  • News briefs

    Mike Ashley makes new investments in fashion


    Frasers Group , the parent company of Sports Direct , continues with its portfolio investments in the fashion sector, acquiring a 5.1 percent stake in Hugo Boss in the form of shares and derivative put options. If the options are fully exercised, the total exposure would be worth a ...

  • News briefs

    Sports Direct blasts at delayed store reopenings


    The Frasers Group , the British company formerly called Sports Direct International , announced on May 22 that it would continue to guarantee full payment of its employees’ wages in the U.K. through the end of this month, as it did in April, but it’s not sure whether it will ...

  • News briefs

    Former Sports Direct has some problems


    Frasers Group says the current uncertainty caused by the Covid-19 “shock” is affecting its bank credit lines and its suppliers’ credit insurance. It understands that the majority of new credit insurance cover has been withdrawn for the time being. The British group, formerly called Sports Direct International , reports ...