Frasers group news and archive

Frasers Group snaps up 29 percent stake in MySale

Acquisition hungry Frasers Group has bought a 28.7 percent stake in Australian-based fashion marketplace MySale. In a brief statement, Frasers Group said it believes the deal will provide it with a “strategic partnership whereby end of line group products can be cleared via an established clearance channel”. It added that “this pipeline will be...

30 Jun 2022

Business

Formalwear retailer Threadology receives seven-figure funding

Formalwear retailer and supplier Threadology has revealed that it has received a seven-figure import trade finance loan from banking firm, HSBC UK. It comes as the London-based company plans to scale up operations following an increase in demand, in line with the return of weddings and formal events. The funding will enable the company, which...

27 Jun 2022

Business

Frasers Group further ups stake in Hugo Boss

Frasers Group has once again upped its stake in German fashion brand Hugo Boss. The UK retail group said Wednesday it now owns 3.4 million shares of common stock, representing a 4.9 percent stake in the brand, and 18.3 million shares of common stock via the sale of put options, representing a 26 percent stake. The investment increases the group’...

22 Jun 2022

PeopleFeatured

Missguided founder Nitin Passi returns as CEO following Frasers Group acquisition

The founder of fast fashion retailer Missguided has been reappointed to its helm following its acquisition earlier this month by Frasers Group. Frasers Group said Wednesday it was “pleased to announce that Nitin Passi will join Frasers Group as CEO of Missguided with immediate effect”. Passi said: “Frasers Group has an unrivalled platform and...

15 Jun 2022

PeopleFeatured

New Frasers Group CEO announces top team appointments

The new chief executive of Frasers Group has announced a number of new changes to the British retailer’s executive team to “accelerate the group’s strategy” following his appointment last year. “I’m now five weeks into my role as chief executive, and as part of my commitment, I’ll be bringing the right people on board, to lead Frasers Group into...

2 Jun 2022

BusinessFeatured

Frasers Group buys Missguided out of administration

Mike Ashley’s Frasers Group has snapped up fast fashion retailer Missguided for 20 million pounds just a day after it fell into administration. In an announcement to the stock market Wednesday, Frasers said it had bought certain intellectual property of Missguided Limited, along with Mennace Limited, and Missguided (IP) Limited. Acquisition...

1 Jun 2022

Business

Frasers Group sells US retailers Bob’s Stores and Eastern Mountain Sports

Frasers Group has sold US retailers Bob's Stores and Eastern Mountain Sports (EMS) to GoDigital Media Group for 70 million dollars. The British fashion group acquired the two discount sportswear retailers out of bankruptcy in 2017. In a brief statement on Friday, the group said: “The Bob’s and EMS store estate does not include any of the new...

27 May 2022

Business

Frasers Group ups stake in Hugo Boss again

Mike Ashley’s Frasers Group has again increased its stake in high-end label Hugo Boss as the British fashion group pushes forward with its elevation strategy. Frasers Group, which owns brands Sports Direct, Flannels, House of Fraser and Jack Wills, announced late on Thursday it has increased its stake in the German brand and now owns 1.5 million...

8 Apr 2022

Business

Frasers Group buys Boucher Shopping Park in Belfast

In its latest sign of confidence in brick-and-mortar properties, Mike Ashley’s Frasers Group has bought Boucher Shopping Park in Belfast, Northern Ireland. The group announced Friday it had agreed the sale of the scheme with Sam Morrison on behalf of Corbo Properties. The terms of the sale were not disclosed. “Boucher Road is widely regarded as...

25 Mar 2022

Business

Frasers Group ups investment in Hugo Boss

Mike Ashley’s Frasers Group has increased its investment in Hugo Boss, raising its shares, via the sale of put options, to 13.7 percent. The group, which owns the likes of Flannels and Sports Direct, also now holds 4.5 percent of Hugo Boss’ total share capital. With the increase of its investment, Frasers Group now owns shares worth around 390...

8 Mar 2022

BusinessFeatured

Frasers Group slams Studio Retail following acquisition, calls for UK corporate governance reform

Following its acquisition of the Studio Retail Group (SRG), Frasers Group has criticised the handling of the retailer's collapse, outlining key concerns in a statement that also called for a review of the UK corporate governance regime. The group, which has also been struck by past failures involving Debenhams and Goals, said, as a significant...

28 Feb 2022

BusinessFeatured

Frasers Group acquires Studio Retail in 27 million pound deal

Following its slippy descent into administration, it has been announced that Studio Retail has found a buyer. Mike Ashley’s Frasers Group has stepped up to the mark to acquire the digital retailer and other assets of the group. The takeover by Frasers Group, which was Studio Retail’s biggest shareholder, is part of the brand and property firm’s...

25 Feb 2022