View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 13, 2022

Frasers Group takes stake in N Brown Group

Frasers Group has snapped up a stake in Simply Be and JD Williams owner, N Brown Group.

By Hannah Abdulla

In a bourse update, Frasers Group, the owner of brands including House of Fraser, Sports Direct and Flannels, revealed it had taken a 4.54% stake in N Brown.

Frasers Group is currently in the running to acquire Australian fashion marketplace MySale.

Toward the end of last month the Missguided owner made a bid to acquire MySale for 2 pence per share, days after the latter’s shareholders were urged to reject a takeover bid on the basis it was unfairly valued.

Frasers Group said the move would allow it to increase its presence in Australia and New Zealand faster than it would via organic growth as it embarks on a bid to grow its business outside the UK and further international expansion through acquisitions, joint ventures, and organic openings.

The Group has been on an aggressive acquisition drive in recent months. In the fist half of June, it added its first fast-fashion pureplay to its roster by acquiring Missguided in a GBP20m deal.

Later in the same month, Frasers upped its investment in Hugo Boss, and now owns a 26% stake in the brand

Jacamo-owner, N Brown Group reported its first half results earlier this week in which it said it was looking to focus on tightly managing costs and margins following a fall in revenue and profits.

Related Companies

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style