All Frasers Group articles – Page 3
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ArticleFrasers Group’s former auditors fined in the U.K.
The U.K.’s Financial Reporting Council (FRC) has sanctioned the firm of Grant Thornton and its former partner Philip Westerman for insufficient rigor in audits.
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Infographics & DataGlobal sports industry stock market - Q2 vs. Q1 2022
This exclusive interactive chart shows compares the stock performance of the top public companies in the sporting goods industry from Q1 to Q2 2022. The chart can be downloaded. This is exclusive data and analysis for Premium Members.
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ArticleAnalysis: Sporting goods industry stocks down more than 14% in Q2 2022
According to SGI Europe’s quarterly study of 38 select sporting goods industry stocks, the decline was less than the 16.25 percent average decline in the first quarter of 2022, when 34 out of 36 stocks posted a stock price drop from the end of the fourth quarter. Five of the ...
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News briefsFrasers Group buys stake in fashion marketplace MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney and listed on the London Stock Exchange (LSE). The financial terms of the deal have not been disclosed. In a filing with the LSE, Frasers explained that the ...
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ArticleNew Frasers Group CEO reorganizes leadership team
Michael Murray, the new CEO of Frasers Group, posted on LinkedIn on May 31 that five weeks into his tenure, part of his commitment is to “get the right people on board, to lead Frasers Group into the future and build on our solid foundations.” According to the posting (there ...
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News briefsSports Direct opens new 5.500-sqm store in Birmingham
Covering four floors on one of Birmingham’s main shopping streets, the new Sports Direct flagship store uses roughly 5.500 square meters of retail space. The chain, part of the Frasers Group, has closed its older two-floor store in Birmingham on April 10, while a second Birmingham store is said to ...
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ArticleNew Frasers CEO receives £21m up front
On May 1, Michael Murray, 32, accepted not only the reins of Frasers Group, becoming its new CEO, but also an up-front cash payment of about £21 million (€25m). The sum stems from Frasers’ deal with Murray’s firm, MM Prop Consultancy, which is entitled to as much as a quarter ...
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News briefsSports Direct to open new stores in France
Sports Direct will expand its retail presence in France, Sport-Guide.com has reported. Two new stores are already planned at the Aéroville shopping mall, near the Parisian airport of Roissy, and at Cité Europe, a shopping mall located near the French terminal of the Channel Tunnel at Coquelles/Calais. The two stores ...
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Infographics & DataGlobal sports industry stock market performers - Q1 2022
This exclusive interactive chart shows compares the stock performance of the top public companies in the sporting goods industry from Q4 2021 to Q1 2022. The chart can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefsFrasers acquires troubled online retailer Studio Retail
Frasers Group, the parent company of Sports Direct, announced today it has acquired Studio Retail Limited and certain other assets of Studio Retail Group plc. The British online retailer Studio Retail Group had filed for administration earlier this month for itself and its wholly-owned subsidiary Studio Retail Limited after failing ...
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News briefsStudio Retail files for administration
British online retailer Studio Retail Group, known until mid-2019 as Findel plc, filed for administration – a British form of bankruptcy proceedings – for itself and Studio Retail Limited, its wholly-owned subsidiary, after failing to obtain a £25 million (€30m) short-term loan. The company also suspended its shares on the ...
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News briefsNew Sports Direct flagship store planned in Manchester
Frasers Group has announced plans to open a new Sports Direct flagship in the Arndale shopping center in Manchester city center. Sports Direct currently occupies 2,700 square meters on the lower first floor of the shopping center. Under a new 15-year lease, Sports Direct will move into the 5,440-square-meter space, ...
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ArticleSports retailers confirm 2021 recovery
As previously reported, the sporting goods market fell by an estimated 5 percent in Europe in 2020, due to the pandemic, with only 16 out of 64 leading retailers in 15 European countries reporting flat or higher figures. The year 2021 was much better, with many retailers enjoying double-digit growth ...
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News briefs
Sports Direct’s parent is reportedly bidding for Footasylum
Frasers Group has filed an offer to buy Footasylum, according to The Sunday Times. It has notified the Competition and Markets Authority (CMA), which again ruled in November that JD Sports Fashion must divest the 65-store chain on anti-trust grounds. JD acquired Footasylum in May 2019. Frasers’ bid is questionable, ...
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News briefs
Sports Direct’s parent may go private
Frasers Group, parent company of Sports Direct and many other operations, has failed to address so far recent rumors that Mike Ashley, its biggest shareholder, may want to take the company private. He already owns about 68 percent of the shares, and an ongoing share buyback program may soon take ...
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Article
Sports Direct’s parent eyes record profits after post-lockdown bounce in H1
Frasers Group - the U.K.-based parent company of Sports Direct and other retail chains – said it was on track to post record profits for its full year, after sales in its first half ended Oct. 24 rose by 23.6 percent to £2,339.8 million (€2,736.6m-$3,089.1m). Top line gains were supported ...
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Infographics & DataTop sporting goods retailers in Europe
This exclusive interactive chart ranks the top sporting goods retailers in Europe by revenues in USD for 2020 and percentage growth in their local currency. The charts and data can be downloaded. This is exclusive data and analysis for Premium Members.
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Infographics & DataTop 50 Sporting Goods Retailers in the Galaxy
This exclusive interactive chart ranks the top 50 sporting goods retailers by revenues in USD for 2020 and percentage growth in their local currency. The charts and data can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefs
Frasers expands its credit facility, reports more treasury shares
Frasers Group, the British parent of Sports Direct, announced that it has entered into a new term loan and credit facility with its bankers that allows it to borrow up to an aggregate amount of £930 million (€1,093m-$1,237m) over the next three years, with an option to extend it for ...
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News briefs
Frasers promotes Nevitt to CCO, Al-Mudallal to COO
Frasers Group, the parent company of U.K.-based Sports Direct, promoted Sean Nevitt to chief commercial officer and David Al-Mudallal to chief operating officer. Nevitt, previously global head of commercial, has been with the company for over 30 years. Al-Mudallal joined the business in 2017, first as head of talent at ...
