LONDON: Frasers Group plc is planning to buy all the remaining shares in XXL ASA that it doesn’t already own, offering NOK 10 per share in cash. This decision follows a recent shareholder vote against XXL’s proposed NOK 600 million rights issue. Frasers, which already holds 32.5% of XXL’s voting rights, opposes XXL’s alternative rights…
All posts tagged Frasers Group
Frasers Group agrees to acquire South Africa’s Holdsport Group
LONDON: Global retail group Frasers Group announced the conclusion of an agreement for the acquisition of South Africa’s leading sporting, outdoor and recreation goods company, Holdsport Group from Old Mutual Private Equity (OMPE) and Holdsport’s management. Holdsport is a diversified business operating across retail, wholesale, manufacturing, distribution, and e-commerce, focused on the sport, outdoor, and recreation sectors…
Frasers Group buys 14.65% strategic interest in Accent Group
LONDON: Frasers Group plc has purchased a 14.65% strategic investment in Accent Group Limited, the leading retail and distribution business in the performance and lifestyle market in Australia and New Zealand. Accent is a premium distributor, bringing many of the worlds’ best brands to market. In Full Year 2024, Accent delivered AUD$1.6bn of sales from nearly…
Frasers Group signs partnership with THG Plc
LONDON: Frasers Group plc and THG plc have entered a multi-year partnership that will mutually enhance retail operations at both groups, aligning with Frasers Group’s Elevation Strategy. The partnership includes the integration of customer credit and loyalty proposition, Frasers Plus into THG’s Ingenuity platform, benefiting customers across THG retail sites. This marks the first Frasers…
XXL and UK retail industry leader Frasers Group to establish partnership
OSLO: XXL ASA and Frasers Group plc are close to agreeing a mutually beneficial strategic partnership with the aim of strengthening XXL’s position in the Nordics. Frasers Group, which owns a large portfolio of retail brands including Sports Direct and more than 30 % of XXL’s Class A shares, believes XXL to be uniquely positioned to…
Frasers Group divests Missguided IP to SHEIN
LONDON, UK: Frasers Group has divested the IP of Missguided to SHEIN, in line with its disciplined approach to managing its portfolio of brands. Under the terms of the transaction, SHEIN will acquire the IP and trademarks of Missguided, whilst the Group will retain Missguided’s real estate and employees which have now been integrated into…
Frasers Group to acquire German sports retailers, SportScheck
LONDON, UK: Frasers Group plc has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. The acquisition will enable Frasers to grow its presence in Germany, one of the biggest sports markets in Europe and a key focus area for the…
Frasers Group acquires online women’s fashion retailer, Missguided
LONDON, UK: Frasers Group plc has acquired certain intellectual property of the online women’s fashion retailer, Missguided Limited (in administration), Mennace Limited (in administration) and Missguided (IP) Limited for a cash consideration of £20 million. Following completion, the business will be operated by the administrator under a transitional agreement for a period of approximately 8…
Frasers Group notifies CEO transition
LONDON, UK: Frasers Group is now in discussions with regards to transitioning the CEO role from Mike Ashley to Michael Murray over the course of FY22. It is currently proposed that Michael Murray will assume the role of CEO on 1 May 2022. A reward and remuneration package is now under consideration on the assumption…
Frasers Group acquires Dave Whelan Sports for £37 million
LONDON: Frasers Group announced the acquisition of certain of the assets of Dave Whelan Sports Limited (DW) from the administrators of DW for an initial cash consideration of £37 million. Pursuant to the Transaction, the Company has acquired certain of the assets relating to DW’s gym and fitness business, including certain stock but excluding the…