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...
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.
Talks about a deal, come only a year after Frasers took over the brand.
Frasers Group bought Missguided for £20m Last Year after the online fashion retailer collapsed into administration.
Shein , which was founded in China in 2008, is a global giant in The World of fast fashion.
Both Frasers Group and Shein have been contacted for comment.
According to Sky, a deal is likely to see Shein buy Missguided's brand and other intellectual property, while the Head Office is retained by Frasers.
Manchester-based Missguided was founded by Nitin Passi in 2009 and grew to become one of the UK's biggest online fashion players.
But after suffering from supply Chain problems, rising freight costs and increasing competition from rivals, it fell into administration in May 2022,
Frasers - which owns the Mike Ashley -founded Sports Direct Chain - has expanded rapidly by buying brands that have fallen into trouble. including Game, Evans Cycles , Jack Wills and Sofa. com.
While Mike Ashley is no longer Frasers' chief executive, he owns a majority stake in The Firm .
Shein - which now has its headquarters in Singapore - Saw sales surge during the Covid pandemic when lockdowns led to a jump in Online Shopping .
It was valued at about $66bn earlier this year, although that was lower than a previous valuation of around $100bn.
There has been speculation that Shein will seek to list its shares in the US.
However, in May over claims that people from China's mostly Muslim Uyghur population were use as forced labour to make some of the clothes it sells.
Human Rights groups and Western governments, including the US and UK, have accused China of committing crimes against humanity against the Uyghurs.
In response, Shein told The Bbc : " We have Zero Tolerance for forced labour.
" Our suppliers must adhere to a strict code of conduct that is aligned to The International Labour Organization's core conventions. "
Related TopicsSource of news: bbc.com