Frasers Group news and archive

Frasers MD of sports Ger Wright to leave the company in November

Frasers Group has announced that Ger Wright will be leaving her role as managing director of sport on November 30, 2024 but will remain on the board as a non-executive director. The company said in a statement that since her appointment in 2022, Wright has made a significant contribution to the execution of the group's ‘Elevation Strategy’. The...

Business

Frasers acquires over one million square feet of retail assets

In what was described as a continued commitment to physical retail, Frasers Group has announced the acquisition of three real estate properties spanning over one million square feet in assets. Contributing to the group’s new Property division, the three brick-and-mortar locations boast a combined annual footfall of nearly 17 million visitors, a...

Business

Frasers Group increases shares in Mulberry following offer rejection

Just a few days after the British luxury leather goods brand Mulberry rejected a takeover attempt by the British retail group Frasers Group Plc, Frasers has now increased its stake in the traditional British brand. As revealed in a statement, Frasers subscribed to 3.96 million shares at a price of 100 pence per share. Mulberry, which is listed...

BusinessFeatured

Mulberry rejects Frasers Group takeover bid

Luxury brand Mulberry has said that it has rejected a takeover bid made by Frasers Group after consulting with the company’s 56.1 percent shareholder, Challice Limited. Frasers, which currently holds 36.8 percent of Mulberry’s shares, made an offer on September 30 to purchase the entire issued and to be issued share capital of the brand that it...

BusinessFeatured

Frasers makes bid for Mulberry following lacklustre FY24 and capital raise announcement

Frasers Group has announced that it has made a bid for the struggling luxury brand Mulberry on the back of the company’s FY24 financial report in which it revealed that there was a “material uncertainty going concern”. Frasers, which currently owns 37 percent of the British brand’s shares, said it would “not accept another Debenhams situation...

Business

Two Frasers Group brands facing with audit concerns

Brands under the Mike Ashley-owned Frasers Group are facing audit issues in regards to missing or unverifiable information. It is understood that auditors for Cooper Parry were unable to verify nearly seven million pounds of wages and salary at online e-tailer I Saw It First, according to a report by This is Money. Meanwhile, at Hart Shaw, which...

Business

Frasers Group strengthens presence and expands footprint in Benelux region

British retail group Frasers Group Plc has completed several acquisitions in the Netherlands in recent months. The group acquired stores from sports retailers Aktiesport, Perry Sport and Sprinter, and also took over all shares of Twin Sport Holding. Now, the group is revealing more about its plans for the Benelux market. Four Sports World stores...

Business

Frasers Group snaps up Lancaster’s St Nicholas Arcade

British fashion giant Frasers Group is continuing to expand its portfolio of retail setups with the acquisition of Lancaster-based shopping centre, St Nicholas Arcade. The deal involves the entire 160,000 square foot retail park, where annual footfall reportedly amounts to four million visitors. Frasers said that the acquisition reinforced its...

Business

Frasers Group snaps up shares in Australia’s Accent Group Limited

Frasers Group has made a strategic investment into retail, wholesale and distribution company Accent Group Limited as part of efforts to grow its presence in Australia and New Zealand. In a regulatory filing, the UK fashion giant announced that it had purchased shares of 14.65 percent in the firm, which specialises in brands positioned within...

Business

Frasers Group plans to increase stake in Hugo Boss again

British retail group Frasers Group Plc would like to increase its stake in Hugo Boss AG again, according to an entry at the Federal Cartel Office. It is not yet known by how many percent Frasers intends to increase its shares in the Metzingen-based fashion retailer. The British company currently holds the shares, which have been increasing and...

People

Mike Ashley’s daughter to head UK retail business

Mike Ashley is continuing to bring more family into his rapidly expanding business. This time, the fashion and real estate mogul has appointed his daughter, Matilda Ashley, to head his UK retail empire. According to Bloomberg, Matilda has been promoted to director of Mash Holdings, which controls Ashley’s stake in Frasers Group and other...

Business

House of Fraser rebrands to Frasers

Frasers Group has revealed a brand overhaul of its formerly dubbed ‘House of Fraser’ retail chain, which will now operate under the modified name of ‘Frasers’. The rebrand was revealed in a post on the company’s LinkedIn, where it was stated that the move intended to usher in a “new look, a new approach and a new way to shop”. The post...