Frasers profits soar but group warns of Covid and supply chain headwinds

Flannels is owned by Newcastle United boss Mike Ashley

Frasers Group has reported strong revenue rises across its portfolio, but remains “cautious” of the impacts of macroeconomic factors such as a potential lockdown over Christmas.

The department store group, headed by Mike Ashley, posted a 75.3% surge in pre-tax profit to £186m in the 26-week period to October 24.

Frasers Group, which operates the Sports Direct, Flannels and Frasers fascias, recorded revenue increases across all its divisions in the period.

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