Frasers Group is the retail group founded by Mike Ashley in 1982 and previously known as Sports Direct International. Its brands include Sports Direct, Game, Flannels, Evans Cycles, Jack Wills and House of Fraser (trading as Frasers), which it bought out of administration in 2018. There are nealry 30 department stores trasing under the Frasers and House of Fraser fascias, primarily selling a range of hihh street and luxury fashion and beauty products. Retail Week provides news, analysis, features and opinion about Frasers Group and the department stores sector.
Mike Ashley has raised concerns over the future of Harvey Nichols, stating it is in a “death spiral”, despite his retail empire being in the running to acquire it.
Sky News reported that the retail business is leading a race to acquire the 195,000 square foot Worship Street Estate from the City of London Corporation
Luxury brand Hugo Boss has recorded a drop in its sales and profits in the second quarter, but is pleased with “tangible progress” on its new strategy.
As its ongoing takeover battle for Hugo Boss took another turn this morning, Retail Week has the latest data behind Frasers Group’s luxury fashion shopping spree
Frasers’ bid to acquire Hugo Boss has entered a new phase, with an additional acceptance period set to start tomorrow.
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