All Frasers Group articles
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Frasers buys a majority stake in The Webster
Frasers has acquired a majority stake in The Webster, a Miami-based luxury retailer. The move marks another step in the British group’s strategy to expand its presence in the luxury and premium retail space, complementing its Flannels division. The financial terms of the transaction were not disclosed. Laure Hériard ...
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Frasers' chairman steps down
Frasers said that David Daly will be stepping down from the board at the company’s annual general meeting (AGM) on Sept. 24 after eight years in the group and will be succeeded as Chair by Jon Thompson on Sept. 1. Thompson has been a non-executive director at the British retailer ...
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Frasers sets up a new financial arrangement
Frasers Group has now entered into a new term loan and revolving credit facility with its banks which replaces its existing financing facilities of £1.65 billion (€1.91bn), excluding Frasers Group Financial Services Limited’s securitised loan. The new facility, which is valid for three years, with two one-year extension options for ...
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Asos’ key shareholders hike their stakes
Bestseller, owned by Danish billionaire Anders Holch Povlsen, increased its stake in Asos to 28.0 percent from 27.1 percent on March 17 through its subsidiary Aktieselskabet, according to bourse filing released by the London Stock Exchange on March 19. Meanwhile, on March 19, Frasers Group hiked its stake in the ...
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ArticleBoohoo appoints a new CEO snubbing Frasers
On Nov. 1, Boohoo appointed Dan Finley as its Chief Executive Officer with immediate effect. Finley is the CEO of Debenhams, Boohoo’s “fast-growing” digital department store. He will replace John Lyttle, who is stepping down after five years with the British fast fashion online retailer. Boohoo made the announcement after ...
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ArticleFrasers urges to appoint its owner to run Boohoo
Frasers is urging Boohoo to appoint Mike Ashley as a director and CEO and name Mike Lennon, a restructuring specialist, as a board director. Ashley controls the UK sportswear retailer Frasers, which in turn is Boohoo’s largest shareholder with an about 27 percent stake. In an open letter sent to ...
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Frasers Group expands into Australia and New Zealand
The British retail company Frasers Group has expanded its presence in Australia and New Zealand by acquiring a 14.65-percent stake in Accent Group Limited, a major retail and distribution company specializing in performance and lifestyle products. This strategic investment is part of Frasers Group’s broader plan to increase its global ...
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Matches placed into administration
Frasers Group said that the loss-making online luxury clothing and accessories platform Matches has gone into administration. Since Frasers bought Matches in December 2023 “the business has consistently missed its business plan targets and, notwithstanding support from the group, has continued to make material losses. Whilst Matches’ management team has ...
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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Frasers hikes its stake in Asos to nearly 26%
Frasers Group has increased its stake in the British online fashion retailer Asos to 25.96 percent through a series of transactions in January, according to filings with the London Stock Exchange. At the end of December, the stake stood at 17.88 percent. Based on the latest filing on Jan.18, 17.11 ...
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Frasers Group hikes stake in Boohoo to 21.49% vs 17.22%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 21.49 percent from 17.22 percent, according to a stock exchange filing. The British retailer has been building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an opportunity ...
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Frasers increases its stake in Boohoo to over 17%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 17.22 percent from 16.50 percent, according to a stock exchange filing. The British retailer has been gradually building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an ...
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Frasers hikes its stake in Asos
Frasers Group has increased its stake in the British online fashion retailer Asos to 19.52 percent from 19.00 percent, according to a filing with the London Stock Exchange. Based on the filing, 12.74 percent of the voting rights are held through shares and the remaining 6.78 percent through financial instruments, ...
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Frasers sells the Missguided brand to Shein
The British retailer Frasers Group has sold the intellectual property (IP) of the Missguided fashion brand to the online fast fashion retailer Shein. Under the terms of the transaction, Shein will acquire the IP and trademarks of Missguided, while Frasers will retain Missguided’s real estate and employees which have now ...
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Frasers continues to hike its stake in Boohoo
Frasers Group has increased its stake in the online fashion retailer Boohoo to 16.50 percent from 15.12 percent, according to a stock exchange filing. The British retailer has been gradually building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an ...
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ArticleFrasers to acquire SportScheck in Germany
The British retailer Frasers Group has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. Completion of the transaction will be subject to regularory clearance. Frasers expects the transaction to close in the first quarter of ...
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Frasers increases its stake in Boohoo again
Frasers Group has increased its stake in the online fashion retailer Boohoo to 13.44% from 10.42%, according to a stock exchange filing. The British retailing group has been building up a stake in Boohoo. It previously said that it saw “potential synergies and an opportunity to strengthen our own brand ...
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Mike Ashley cuts his stake in Hugo Boss
Mike Ashley, the majority owner of the British retailer Frasers Group, has cut his stake in Hugo Boss to 19.65 percent from a previous 24.39 percent, according to a regulatory filing from the German fashion house. The figure includes financial instruments owned by Frasers. Ashley now owns 1.63 percent in ...
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ArticleFrasers increases its stakes in Boohoo and Asos
Mike Ashley’s Frasers Group has again increased its stake in Boohoo, just days after doing the same at Asos, another British fast fashion e-tailer. In two days, Frasers, the owner of Flannels and Sports Direct, among others, lifted its stake in Boohoo to 10.42 percent from 7.8 percent, meaning it ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
