Frasers Group’s dramatic decision to subscribe to 40% of Mulberry’s recent rights issue has sent shockwaves through the luxury fashion industry. The move, led by billionaire Mike Ashley’s retail empire, comes as Mulberry faces a looming financial crisis. The British handbag maker, struggling with losses and declining sales, launched an emergency rights issue to raise […]
In a landmark deal, Frasers Group plc (formerly Sports Direct International plc) has announced a strategic partnership with THG plc (formerly The Hut Group), a move poised to revolutionize retail operations and expand their global footprint. The collaboration aligns with Frasers Group’s Elevation Strategy and marks a significant step towards enhancing customer engagement and operational […]
In a strategic move to fortify its presence in the European sports retail market, Frasers Group plc has penned a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, Germany’s prominent sports retailer. Deepening Footprints in Germany The integration of SportScheck into the Frasers Group is set to further entrench its foothold […]
Frasers Group plc, a British retail and intellectual property (IP) group, said that it has purchased certain IP of Missguided Limited, an online women’s fashion retailer, for £20 million in cash. The acquisition also involves Mennace Limited and Missguided (IP) Limited. Missguided Limited and Mennace Limited are currently in administration. After the closing of the […]