All Frasers Group articles – Page 2
-
News briefsSir Jon Thompson joins Frasers Group board to bolster corporate governance
Frasers Group has bolstered its board by appointing Sir Jon Thompson, a distinguished former chief executive of the Financial Reporting Council, as a non-executive director. The appointment is aimed at enhancing the company’s execution of its ambitious long-term growth strategy, particularly as it continues to implement its Elevation Strategy. Sir ...
-
ArticleFrasers Group revamps digital infrastructure to enhance retail operations
Frasers Group is embarking on a digital transformation aimed at boosting the efficiency of its retail operations and enhancing the online shopping experience across its sports, premium, and luxury brand websites and apps. Described as a “first of its kind” initiative, the retail powerhouse views this investment as pivotal to ...
-
News briefsFrasers Group expands Sports Direct with flagship stores in London
Frasers Group is expanding its Sports Direct brand with the opening of two new flagship stores in London’s Westfield shopping centers. Scheduled for next year, the stores in Westfield London and Westfield Stratford will each cover around 28,000 to 29,000 square feet, offering cutting-edge retail experiences. Ger Wright, Managing Director ...
-
News briefsFrasers Group appoints David Al-Mudallal to board
Frasers Group reportedly appointed David Al-Mudallal, Chief Operating Officer, to its board of directors. Al-Mudallal confirmed the news on LinkedIn and expressed pride in joining the board as an executive director to further the company’s growth and ambitions. Starting as head of talent for Sports Direct in 2017, Al-Mudallal later ...
-
ArticleSeveral potential buyers for SportScheck
The Munich-based law firm Müller-Heydenreich Bierbach & Kollege, specializing in restructuring and insolvency administration, announced that the search for investors for the insolvent German sporting goods retailer SportScheck is progressing successfully. According to the provisional insolvency administrator Axel Bierbach, numerous interested parties had submitted offers by the end of the ...
-
News briefs
Sports Direct buys former M&S Liverpool building
Frasers Group, the owner of Sports Direct, has acquired the former Marks & Spencer store in Liverpool as part of its strategy to own the properties it occupies. The acquisition involves obtaining the long leasehold of Compton House on Church Street. The process of transforming the M&S store into a ...
-
AnalysisAnalysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4%
Which of the top 86 sporting goods companies performed best, and which lost ground in 2023? Get the figures.
-
News briefs
Sports Direct opens new store in Belfast
Frasers Group has opened a new Sports Direct store at Boucher Retail Park in Belfast, Northern Ireland, a property acquired by the group in 2022. The new store spans 3,252 sqm and promises a larger and improved retail space compared to its predecessor at the same location. Spanning two floors, ...
-
ArticleFrasers confident in strategy despite short-term challenges for premium lifestyle biz
UK retailer Frasers Group, which maintains its ambition to become the top sports retailer across the EMEA, reported a 12.6 percent increase in adjusted profit before tax (APBT) to £303.8 million (€354.6m) in H1/FY24 and said sales momentum in the early weeks of H2 were being driven by its Sports ...
-
News briefsSportScheck files for insolvency, Frasers pulls out - for now
After the real estate and retail holding company Signa, led by Austrian magnate Rene Benko, filed for insolvency last week following failed attempts to secure new financing, German retailer SportScheck GmbH has now also filed for insolvency. SportScheck has 34 stores in Germany and reported annual sales of around €350 ...
-
ArticleSSU: Business as usual for Tennis-Point and Internetstores – and what else?
In a joint statement, the two insolvency administrators appointed, Dr. Christian Gerloff from the Munich law firm Gerloff-Liebler Rechtsanwälte and Stefan Meyer from Ulm-based Pluta Rechtsanwalts GmbH, point out that the operational business of the two insolvent Signa Sports United (SSU) spin-offs Tennis-Point GmbH and Internetstores GmbH (alias Internetstores Group, ...
-
News briefsFrasers Group acquires greater stake in XXL
XXL’s share price rose significantly on the Oslo Stock Exchange after Britain’s Frasers Group acquired 117 million shares in the troubled Norwegian sporting goods chain on Tuesday, now owning 162 million shares, which – according to E24 – equals 9.75 percent of the total shares and 12.16 percent of the ...
-
News briefsFrasers Group submits plans for new HQ
According to Retail Gazette, U.K. retailer Frasers Group has submitted a planning application to establish a new global headquarters at Ansty in Rugby, Warwickshire. The move is intended to support its growth ambitions, the retail group said. The campus is expected to include a logistics area, offices, R&D retail, a ...
-
News briefsFrasers Group invests in electrical retailer AO World
Frasers Group, the owner of Sports Direct, has announced the purchase of a “strategic stake” in AO World, a retail group specializing in electrical goods based in Bolton, England, listed on the London Stock Exchange. The investment follows “productive talks over the last two years about establishing a strategic partnership,” ...
-
News briefsFrasers Group to introduce loyalty scheme across all brands
Frasers Group, the owner of Sports Direct, is set to launch a new membership program called Frasers Plus in the U.K. market. Speaking at the World Retail Congress in Barcelona on April 26, Frasers Group’s chief executive, Michael Murray, described the solution as the retailer’s version of Amazon Prime. Frasers ...
-
News briefsBritish MPs write to Frasers Group against use of facial recognition cameras
A cross-party collection of nearly 50 Members of Parliament and peers have written to Frasers Group, the owner of Sports Direct, condemning the use of “live facial recognition” cameras in the group’s stores, The Guardian has reported. The parliamentarians have described the technology as “invasive and discriminatory,” urging the group ...
-
News briefsSports Direct parent interested in Go Sport?
Michael Murray, CEO of U.K.-based Frasers Group, Sports Direct’s parent company, told Bloomberg that buying the French chain Go Sport out of bankruptcy would allow his group to operate in France “with some authority rather than opening store by store,” which would significantly bolster Frasers’ plans to expand its sports ...
-
News briefsFrench court will examine options for Go Sport on April 18
The Grenoble Commercial Court has decided to study the continuation plan that Hermione People & Brands (HPB), Go Sport’s owner, the owner of Go Sport, intends to implement, as well as the takeover bids available on April 18. Intersport and Frasers (formerly Sports Direct) are among the potential buyers. French ...
-
News briefsSports Direct criticized for camera surveillance in stores
As the Daily Mail reports, Sports Direct has recently begun using facial recognition cameras that scan customers’ faces and check them against a database of suspected criminals. Frasers Group, which owns Sports Direct and is controlled by billionaire Mike Ashley, found itself compelled to do so after police stopped arresting ...
-
News briefsBritish sports retailer reportedly interested in Go Sport
According to Sport Guide, which refers to “several concordant sources,” Frasers Group plans to make an offer for Go Sport, the French retailer currently undergoing a rough patch. Go Sport, which operates 223 stores in France, was placed in receivership by the Commercial Court of Grenoble in January. The court ...
