Frasers Group Plc

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Frasers Group ups stake in Mulberry to near 30% Michelle Russell | 4 Nov 20

Frasers Group, the owner of Sports Direct, Jack Wills and the House of Fraser brands, has significantly increased its investment in premium fashion brand Mulberry.

Bob's Stores put under strategic review by Frasers Group as Nike cuts ties Hannah Abdulla | 27 Aug 20

Frasers Group, the owner of Sports Direct and House of Fraser, is to place its subsidiary Bob's Stores under strategic review after Nike cut ties with the US retail chain.

Frasers Group acquires DW Sports assets in GBP37m deal Beth Wright | 24 Aug 20

Frasers Group has acquired certain assets of sports retailer and fitness business Dave Whelan Sports Limited (DW) from the company's administrators for GBP37m (US$48.6m).

Frasers Group commits GBP100m to digital growth Hannah Abdulla | 20 Aug 20

The owner of Sports Direct, Jack Wills and the House of Fraser brands is pumping more than GBP100m (US$131m) into a "digital elevation" strategy aimed at improving the online shopping experience as more shoppers have taken to the channel as a result of the Covid-19 outbreak.

Frasers Group ups Hugo Boss stake to 10.1% Beth Wright | 30 Jun 20

Frasers Group, formerly known as Sports Direct International, has almost doubled its stake in German luxury fashion brand Hugo Boss.

Frasers Group buys 5% stake in Hugo Boss Michelle Russell | 15 Jun 20

Frasers Group, formerly known as Sports Direct International, has bought a 5.1% stake in German luxury fashion brand Hugo Boss.

Global retail closures as coronavirus spreads – Update just-style | 15 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 

Frasers Group warns of coronavirus hit to FY profit Beth Wright | 20 Mar 20

Frasers Group, formerly known as Sports Direct International, has become the latest to warn on profits amid the fallout from the global Covid-19 pandemic.

Acquisitions help Sports Direct to H1 profit hike Hannah Abdulla | 16 Dec 19

Acquisitions have helped Sports Direct International Plc to a 58% jump in first-half profits to GBP101.8m (US$135.9m), with the company now upping its full-year profit guidance after an initial delay.

Sports Direct International to rebrand as Frasers Group Michelle Russell | 26 Nov 19

UK-based retail business Sports Direct International, which bought the House of Fraser department store chain last year, is to rebrand as the Frasers Group Plc to reflect its changing focus as a lifestyle and luxury retailer.

Sports Direct calls for sportswear industry probe Michelle Russell | 15 Oct 19

UK-based retail business Sports Direct has called for a UK and Europe-wide probe into the sportswear industry amid complaints about the dominance of global players Adidas and Nike.

House of Fraser denies mass store closures claim Hannah Abdulla | 7 Oct 19

Sports Direct has slammed press speculation that it is to shut down most House of Fraser stores after Christmas as "totally incorrect."

JD Sports to "fully cooperate" with competition watchdog on merger probe Hannah Abdulla | 1 Oct 19

JD Sports says it will continue to "co-operate fully" with the competition watchdog's probe into its acquisition of rival Footasylum, which the Competition and Markets Authority (CMA) says could result in a worse deal for customers, both in-store and online. 

Sports Direct worries over JD Sports probe impact on major brands Hannah Abdulla | 24 Sep 19

Sports Direct has criticised the competition watchdog's probe into the proposed takeover of JD Sports by rival Footasylum, saying it could have implications for the sector's major players, particularly their relationships with "must-have" brands.

Sports Direct acquires Jack Wills lifestyle brand Hannah Abdulla | 6 Aug 19

Acquisitive retail group Sports Direct International has acquired Jack Wills in a GBP12.75m (US$15.5m) rescue bid after the ailing lifestyle brand fell into administration on Monday.

Sports Direct laments "terminal" problems at House of Fraser Beth Wright | 29 Jul 19

UK sportswear retailer Sports Direct says it might have made a "different decision" regarding its acquisition of House of Fraser last year, had it had the gift of hindsight.

Sports Direct delays full-year financial results Beth Wright | 15 Jul 19

UK sportswear retailer Sports Direct is to delay the publication of its full-year financial results due, to the complexities of integrating the House of Fraser business and its uncertain trading performance.

Debenhams rejects latest Sports Direct GBP150m equity offer Beth Wright | 8 Apr 19

The latest development in the ongoing saga between Sports Direct and Debenhams has seen the department store chain reject an offer from the Mike Ashley-owned company to underwrite a GBP150m (US$195.8m) rights issue for Debenhams as the retail tycoon fights to try to take control of the struggling retailer.

Debenhams bondholders back GBP200m refinancing plan Beth Wright | 28 Mar 19

Embattled UK department store retailer Debenhams has received the green light to proceed with its proposed GBP200m (US$263m) refinancing plan – a move that is likely to wipe out Sports Direct's near 30% equity stake along with those of all other shareholders.

Sports Direct mulls GBP61.4m Debenhams takeover bid Beth Wright | 27 Mar 19

Shares in Debenhams remained up by more than 54% this afternoon (27 March) after Mike Ashley-owned Sports Direct International Plc said it is considering a "possible" offer of GBP61.4m (US$81.1m) to take full control of the struggling British department store chain.

Findel urges shareholders to reject Sports Direct bid Beth Wright | 27 Mar 19

Online value retail and education business Findel says a takeover bid from UK sportswear retailer Sports Direct is "highly opportunistic and significantly undervalues" the company.

Debenhams to carefully consider Ashley's GBP150m loan offer Beth Wright | 14 Mar 19

Struggling British department store chain, Debenhams, says it will give "careful consideration" to the offer of a GBP150m (US$198.7m) loan from its largest shareholder, Sports Direct boss and retail tycoon boss Mike Ashley. 

Mike Ashley launches Debenhams control bid Beth Wright | 8 Mar 19

Sports Direct boss and retail tycoon Mike Ashley has launched a coup at Debenhams that would see him appointed as an executive of the struggling British department store chain and oust the vast majority of its current directors. 

Debenhams rejects Mike Ashley GBP40m lifeline Beth Wright | 14 Dec 18

Sports Direct boss and retail tycoon Mike Ashley has penned a strongly-worded letter to Debenhams chief executive Sergio Bucher after the struggling British department store chain turned down his offer of a GBP40m (US$m) interest-free loan.

House of Fraser buy weighs on Sports Direct profits Hannah Abdulla | 13 Dec 18

Sports Direct International's plan to rescue House of Fraser appears to have weighed heavily on the group's first-half profits.

House of Fraser to close all Intu stores Beth Wright | 14 Nov 18

UK department store retailer House of Fraser (HoF) has confirmed it is to shutter a further four stores, all of which are located in Intu shopping centres.

More House of Fraser stores to close? Beth Wright | 12 Nov 18

UK department store retailer House of Fraser could be preparing for another tranche of store closures after landlords refused to agree to new boss Mike Ashley's proposed terms.

Sports Direct denies Debenhams takeover reports Michelle Russell | 13 Sep 18

House of Fraser's new owner Sports Direct has been forced to issue a statement denying reports it intends to make a takeover offer for struggling British department store group Debenhams.

House of Fraser cancels online orders amid dispute Michelle Russell | 17 Aug 18

UK department store retailer House of Fraser is cancelling all online orders and refunding customers following a reported dispute with its warehouse operator.

Sports Direct buys House of Fraser for GBP90m Beth Wright | 10 Aug 18

UK department store retailer House of Fraser has been bought by Mike Ashley's Sports Direct group in a GBP90m (US$115m) deal announced just hours after the chain went into administration.









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