Frasers Group
| Use attributes for filter ! | |
| Stock price | FRAS |
|---|---|
| Disclaimer | |
| Owners | Mike Ashley |
| Ceo | Mike Ashley |
| Revenue | 3. 36 billion GBP (2018) |
| Headquarters | Shirebrook |
| United Kingdom | |
| Founders | Mike Ashley |
| Subsidiaries | SportsDirect. com |
| Slazenger | |
| House of Fraser | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2323365 |
About Frasers Group
Frasers Group plc, formerly Sports Direct International plc, is a British retailing group. Established in 1982 by Mike Ashley, the company is the United Kingdom's largest sports-goods retailer and operates roughly 670 stores worldwide.
Fast fashion giant Shein buys Missguided brand from Frasers Group
...Chinese clothing giant Shein is buying the Missguided brand name from Frasers Group little more than a year after the British firm rescued the business...
AI facial recognition: Campaigners and MPs call for ban
... In April, Frasers Group - which operates Sports Direct, Flannels and House of Fraser - defended its use of live facial recognition cameras in some of its shops, saying the Ms Carlo, of Big Brother Watch, argued the UK s " approach to face surveillance makes us a total outlier in the democratic world, especially against the backdrop of the EU s proposed ban"...
Shein in talks to buy Missguided from Mike Ashley's Frasers Group
...Mike Ashley s Frasers Group is in talks to sell its Missguided clothing brand to online fashion giant Shein, the BBC understands...
Mike Ashley doesn't get Flannels' luxury appeal, says CEO
... But a year after taking over as CEO of Frasers Group from his father-in-law, Michael Murray told the BBC he is reinventing the company his way...
The high street shops thriving after a tough year
... Flannels, part of Frasers Group, is one of a surprising number of brands expanding on the UK s high streets...
Sports Direct owner buys historic Savile Row tailor
...By Noor NanjiBusiness reporter, BBC NewsSports Direct owner Frasers Group is buying Gieves & Hawkes, the historic Savile Row tailor, the BBC has learned...
Frasers Group said to be close to buying Savile Row tailor - report
...Sports Direct owner Frasers Group is reported to be close to securing the purchase of Gieves & Hawkes, the historic Savile Row tailor...
Sports Direct-owner builds stake in Asos
... Frasers Group, which is owned by billionaire Mike Ashley, now owns 5% of Asos after building up shares in the company which owns the Topshop brand...
Fast fashion giant Shein buys Missguided brand from Frasers Group
Chinese clothing giant Shein is buying the Missguided brand name from Frasers Group little More Than a year after The British firm rescued The Business .
Frasers announced that it was selling Missguided's intellectual property and trademarks to Shein.
But it is retaining the Real Estate as well as Missguided's employees which " have now been integrated into Frasers' fashion division".
Frasers bought Missguided out of administration last June for £20m.
Michael Murray , The Chief executive of Frasers Group and the son-in-law of The Firm 's founder Mike Ashley , said The Company wanted to rationalise its business to Focus On fewer brands. The Company did not reveal how much it sold the brand for.
Frasers owns a huge and diverse number of retailers such as Sports Direct, Flannels, Jack Wills , Evans Cycles and sofa. com.
It has also built stakes in the likes of Boohoo, where Frasers Group is the largest shareholder, as well as Asos.
Frasers has other fast-fashion, online brands such as I Saw It First and Missy Empire. Mr Murray said that The Company had been in discussions with Shein about potential collaboration across both companies.
Missguided was founded in 2009 by Cheshire-born Nitin Passi and grew to become one of the UK's biggest online fashion businesses, focusing on younger women.
On its site, Missguided declares that " babe power is at The Heart of our brand" and " we believe in championing young talent and real women".
After suffering from supply chain issues, rising freight costs and increasing competition from rivals, Shein fell into administration in May 2022 before being bought
Commenting on The Deal , Shein executive chairman Donald Tang , said: " Shein aims to reignite the Missguided brand, capitalising on its unique Brand Personality , and fuelling its global growth through Shein's on-demand production model, unparalleled e-commerce expertise and global reach. "
Related TopicsSource of news: bbc.com
