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Frasers Group Plc

Michelle Russell

Frasers Group buys 5% stake in Hugo Boss

15 June 2020 | Michelle Russell

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


Sports Direct International to rebrand as Frasers Group

26 November 2019 | Michelle Russell

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.... read more


Sports Direct calls for sportswear industry probe

15 October 2019 | Michelle Russell

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.... read more


Sports Direct denies Debenhams takeover reports

13 September 2018 | Michelle Russell

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.... read more


House of Fraser cancels online orders amid dispute

17 August 2018 | Michelle Russell

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


House of Fraser silent over "rescue talks"

31 July 2018 | Michelle Russell

Struggling UK department store retailer House of Fraser has declined to comment on reports it is in talks with Sports Direct owner Mike Ashley over a GBP50m (US$65.8m) rescue deal.... read more


Debenhams weighs on Sports Direct FY earnings

19 July 2018 | Michelle Russell

Sports Direct saw earnings slump by nearly three-quarters in its last fiscal year as the UK high street sportswear chain took a hit on the value of its stake in Debenhams.... read more


Sports Direct prepares to launch new retail chain

2 November 2017 | Michelle Russell

UK high street sportswear chain Sports Direct, owned by business tycoon Mike Ashley, is developing a new retail chain selling a range of products from fashion and homeware to DIY and electrics.... read more


Finish Line shares soar on takeover talks

29 September 2017 | Michelle Russell

Shares in athletic footwear chain Finish Line have soared on news it is in sale talks with a Europe-based retailer.... read more


Sports Direct raises stake in Debenhams to over 21%

22 August 2017 | Michelle Russell

UK sportswear retailer Sports Direct International has once again increased its stake in British department store group Debenhams in the latest of a series made since 2014.... read more


Sports Direct appoints CFO as FY profits more than halve

20 July 2017 | Michelle Russell

Sports Direct International has appointed a new finance chief as the UK sportswear retailer revealed profits more than halved in its last financial year – its lowest for six years – on the back of sterling weakness.... read more


Sports Direct continues to up stake in Debenhams

9 May 2017 | Michelle Russell

UK sportswear retailer Sports Direct International has once again increased its stake in British department store group Debenhams in the latest of a series made since 2014.... read more


Sports Direct grows US presence with Eastern Outfitters buy

24 April 2017 | Michelle Russell

Sports Direct International is looking to grow is presence in the US with the acquisition of two US retail chains, Bob's Stores and Eastern Mountain Sports.... read more


Sports Direct ups stake in Debenhams to 16%

3 April 2017 | Michelle Russell

UK sportswear retailer Sports Direct International has increased its stake in British department store group Debenhams.... read more


Sports Direct issues caution as H1 earnings tumble 

8 December 2016 | Michelle Russell

UK retailer Sports Direct has issued a warning for the year ahead after booking a drop in first-half earnings as a result of property investment costs and a reduction in assets.... read more


Sports Direct acting CFO the latest to step down

13 October 2016 | Michelle Russell

Matt Pearson, the acting finance chief of Sports Direct, has become the second senior executive to resign in the last few months following the announcement of CEO Dave Forsey's departure just weeks ago. ... read more


Sports Direct buys remaining share in Warrnambool

7 October 2015 | Michelle Russell

Sports Direct has entered into a EUR47.5m (US$53.4m) agreement to purchase a majority stake in Warrnambool, the parent company of Irish retailer Heatons, and acquire the remaining shares it does not own in the retailer.... read more


Expansion boosts Sports Direct FY performance

16 July 2015 | Michelle Russell

UK retailer Sports Direct International has revealed strong full-year sales and earnings, despite poor weather and falling footfall, and driven by expansion in the UK and across Europe.... read more


Sports Direct shares climb on improved outlook

28 May 2015 | Michelle Russell

UK retailer Sports Direct International saw its share price climb this morning (28 May) as it revealed full-year underlying pre-tax profit in line with market expectations.... read more


Sports Direct signs Tony Hawk license deal

8 April 2015 | Michelle Russell

Cherokee Global Brands has entered into a new license agreement with Sports Direct International to launch a line of Tony Hawk athletic clothes and accessories for the European market.... read more


Sports Direct silent on lay-off investigation

11 February 2015 | Michelle Russell

Sports Direct International has remained tight-lipped over reports it is facing an investigation over the way 80 staff at its Scottish warehouse were made redundant when administrators were called in.... read more


USC chain bought out of administration by Republic

20 January 2015 | Michelle Russell

Sports Direct International owner Mike Ashley has placed his USC apparel chain into administration and re-acquired it through his Republic clothing fascia.... read more


Sports Direct silent on USC "store closures"

9 January 2015 | Michelle Russell

UK retailer Sports Direct International has remained tight lipped over reports it is planning to close up to a third of its loss-making USC fashion stores.... read more


Sports Direct delivers "robust" H1

11 December 2014 | Michelle Russell

UK retailer Sports Direct International has delivered a robust performance in its first-half, analysts have said, with earnings up nearly 10%.... read more


Sports Direct raises interest in Debenhams to 12.7%

7 November 2014 | Michelle Russell

Sports Direct has raised its stake in UK department store retailer Debenhams, taking owner Mike Ashley's shareholding to 12.7%.... read more


UK Primark supplier goes into administration

30 October 2014 | Michelle Russell

Value fashion retailer Primark says it stopped placing orders with one of its UK supplier that has since gone into administration.... read more


Sports Direct takes Debenhams stake to 11.2%

3 October 2014 | Michelle Russell

Sports Direct has acquired a further 4.6% stake in UK department store retailer Debenhams.... read more


UK: Sports Direct makes bet on Tesco shares

25 September 2014 | Michelle Russell

UK retailer Sports Direct International has made a GBP43m (US$70.1) bet on shares in beleaguered retailer Tesco.... read more


UK: Mothercare CFO takes Debenhams finance chief role

28 July 2014 | Michelle Russell

UK department store retailer Debenhams has appointed Mothercare CFO Matt Smith as its finance chief.... read more


ANALYSIS: Debenhams struggles to shed promotional image

20 June 2014 | Michelle Russell

It could be some time before Debenhams returns to a quality proposition, analysts believe, despite the UK department store retailer revealing several developments it hopes will remedy ongoing struggles.... read more


UK: Ashley sells GBP223m Sports Direct stake

8 April 2014 | Michelle Russell

Mike Ashley, the founder of Sports Direct International, has sold a GBP223m (US$372.6m) stake in the sporting goods retailer.... read more


UK: Sports Direct founder takes stake in House of Fraser

8 April 2014 | Michelle Russell

Mike Ashley, the founder of retailer Sports Direct International, has acquired an 11% stake in department store group House of Fraser.... read more


Spotlight on…Analysts surprised at Tesco interest in Mothercare

20 January 2014 | Michelle Russell

Reports surfaced over the weekend that UK retail giant Tesco weighed up a bid for Mothercare around six months ago. The claims seem to have taken industry observers by surprise given Tesco's focus on sweating its existing assets and improving capital discipline. Some believe it more likely that any potential tie-up would see the supermarket chain strike a deal to sell the baby goods in its stores.... read more


UK: Sports Direct disposes of Debenhams stake

16 January 2014 | Michelle Russell

Sports Direct International, owned by Newcastle United football club owner Mike Ashley, has sold its 4.6% stake in UK retailer Debenhams just days after purchasing it.... read more


UK: Sports Direct takes 4.6% stake in Debenhams

13 January 2014 | Michelle Russell

Sports Direct International, owned by Newcastle United football club owner Mike Ashley, has acquired a 4.6% stake in UK retailer Debenhams.... read more


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