Frasers Group news and archive

Frasers Group refinances with new 3 billion pounds credit facility

Frasers Group PLC has successfully secured a new term loan and revolving credit facility totalling up to 3 billion pounds, replacing its previous financing arrangements of 1.65 billion pounds (excluding Frasers Group Financial Services Limited's securitised loan). The new facility is set for a three-year term, with the option for two one-year...

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Frasers Group drops out of Revolution Beauty race

Sports Direct owner Frasers Group has pulled out of the bidding race for Revolution Beauty. The retail giant said in a regulatory filing that it “now confirms that it does not intend to make an offer” for the British cosmetics brand. Revolution Beauty launched its formal sales process last month after receiving a preliminary takeover offer for...

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Frasers reportedly offers cash injection to Debenhams Group

Sports Direct parent company Frasers Group is believed to have offered a cash injection to Debenhams Group – formerly Boohoo Group – as it mulls debt refinancing. According to the Telegraph, Frasers, which owns a 29.65 percent stake in Debenhams, has reportedly requested a meeting with the retailer’s non-executive chairman Tim Morris to discuss...

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Frasers Group considers all cash bid for Revolution Beauty

Frasers Group has made a bid for British cosmetics brand Revolution Beauty. With this, Sports Direct’s parent company has joined “a number of parties conducting due diligence as part of the formal sale process”, the brand announced in a regulatory filing. Frasers confirmed its participation in its own filing, where it stated that it is...

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Frasers Group expands retail presence with Store in Dundee

Frasers Group is opening a new store in Dundee The British retail giant has opened a new store in the Frasers-owned Overgate Shopping Centre, the Group revealed on Friday. The new ‘concept store’ in the Scottish city is located in a former Debenhams unit and brings together sport, premium fashion, lifestyle, and beauty under one roof. Spanning...

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Frasers Group takes control of XXL ASA amid liquidity and supply chain challenges

British fashion giant Frasers Group has taken over XXL ASA after its largest shareholder divested its shares. The news comes on the back of the Norwegian sporting goods retailer announcing that it is in need of short-term liquidity “in order not to breach its financial covenants”. Frasers, which had been pursuing a takeover of XXL since 2024,...

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Frasers Group CEO appointed to Hugo Boss board

Michael Murray, the chief executive officer of Frasers Group, has joined the board of Hugo Boss. His election reaffirms the British retail giant’s commitment to the German brand, for which it currently holds a 19.2 percent stake. Murray’s appointment was confirmed in Hugo Boss’ Annual General Meeting, during which it was also announced that...

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Frasers Group launches retail media network Elevate

British retail group Frasers Group Plc has launched a new retail media network. Dubbed Elevate, the network is based on the group’s first-party data. It is designed to help brand partners reach consumers through highly personalised advertising, Frasers announced on Tuesday. With the newly launched platform, Frasers aims to enable brands to...

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Frasers reportedly planning member-only relaunch of Matches

Frasers Group is believed to be planning to revive luxury retailer Matches as a members-only platform, offering services like personalised shopping and early access to limited edition items to a select group of shoppers. According to an internal pitch deck seen by The Times, Frasers, the parent company of Sports Direct, is expected to bring...

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Frasers Group to launch Sports Direct in ANZ region with Accent Group

Frasers Group has secured a 25-year strategic retail agreement with Accent Group that will see its sportswear retailer, Sports Direct, launch across Australia and New Zealand. The company said it is planning to open 100 stores in the region, with further opportunities among other retail and business segments to be potentially explored in the...

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Gieves & Hawkes launches shop-in-shop at Flannels

British luxury tailor Gieves & Hawkes has opened a concession within Flannels Leeds, bringing Savile Row to the North-East. The 600-square-foot shop-in-shop is located on the second floor of Flannels, sitting alongside luxury brands, including Burberry, Alexander McQueen, and Tom Ford, and has been designed to reflect the aesthetic of Gieves &...

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Frasers Group increases Hugo Boss shareholding through put options

Britain’s Frasers Group, the owner of retail chains like Sports Direct, has significantly expanded its investment in German luxury fashion house Hugo Boss through the sale of additional put options. This latest transaction strengthens Frasers Group’s existing stake, with the company now directly holding more than 13.5 million shares of Hugo...