Frasers Group photograph

Frasers Group

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Stock price FRAS
Disclaimer
Owners Mike Ashley
Ceo Mike Ashley
Revenue3. 36 billion GBP (2018)
HeadquartersShirebrook
United Kingdom
Founders Mike Ashley
Subsidiaries SportsDirect. com
Slazenger
House of Fraser
Date of Reg.
Date of Upd.
ID2323365
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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

Fast fashion giant Shein buys Missguided brand from Frasers Group
Oct 30,2023 4:11 am

...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

AI facial recognition: Campaigners and MPs call for ban
Oct 5,2023 7:31 pm

... 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

Shein in talks to buy Missguided from Mike Ashley's Frasers Group
Sep 17,2023 7:41 am

...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

Mike Ashley doesn't get Flannels' luxury appeal, says CEO
May 20,2023 7:50 pm

... 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

The high street shops thriving after a tough year
Dec 29,2022 8:01 pm

... 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

Sports Direct owner buys historic Savile Row tailor
Nov 24,2022 4:11 pm

...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

Frasers Group said to be close to buying Savile Row tailor - report
Nov 13,2022 11:30 pm

...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

Sports Direct-owner builds stake in Asos
Oct 24,2022 2:30 am

... 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...

Sports Direct-owner builds stake in Asos

Sep 20,2022 3:10 am

The owner of Sports Direct has become The Fourth largest shareholder in Asos , the struggling online fashion retailer.

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.

Frasers has bought up a glut of UK retailers over The Last few years spanning sportswear, fashion, furniture and bikes.

Asos recently reported a loss as the cost of living hit shoppers' budgets.

The Company warned that it expects people to cut back even further in the months ahead.

The buy-up of Asos shares means that Frasers Group is now The Fourth largest shareholder in The Business .

Frasers Group said it was part of the " ordinary course of business to develop relationships and partnerships with other retailers, suppliers and brands".

Mr Ashley, who founded the sportswear retailer Sports Direct, has in The Past gone on to take over businesses he invests in including House of Fraser.

This year he stepped down as chief executive of The Company , handing over The Role to his son-in-law, Michael Murray , though Mr Ashley remains as the controlling shareholder in The Group .

The increase in Frasers' shareholding in Asos - First reported by the Sunday Telegraph - will not give it any control over the online fashion business or a position on its board.

Along with House of Fraser and Sports Direct, The Group also owns Flannels, Game, Jack Wills , Evans Cycles and Sofa. com.

The Group has also built significant shareholdings in The Fashion brands Hugo Boss and Mulberry .



Source of news: bbc.com

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