
There’s speculation that there could be more store closures ahead for Frasers Group as the giant retail operation has announced a major impairment charge against its stores as a result of lockdowns.
120 published items with the word (s) or phrase Flannels in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
There’s speculation that there could be more store closures ahead for Frasers Group as the giant retail operation has announced a major impairment charge against its stores as a result of lockdowns.
Frasers Group has bought another company with the purchase of designer fashion retailer Psyche for an undisclosed sum. The company has a 40,000 sq ft shop in Middlesbrough, and a webstore, and employs 58 people in total.
Frasers has become the first major retail name to withdraw its earnings guidance following the introduction of stricter Covid controls in parts of England as the virus spreads faster than ever.
Flannels is planning three new flagships for the UK next year and up to 15 longer term. They’ll be large-scale multi-category stores as beauty, dining and active are all to be included.
Frasers Group is continuing to focus on physical retail space as it take over a key soon-to-be empty Debenhams store and opens a next-gen Sports Direct flagship that also integrates other brands into its giant space.
Frasers Group saw lower sales in its first half, as would be expected given that most of its stores were closed for part of the period. But the fall was relatively small and the company’s profits rose.
Mike Ashley's Frasers Group confirmed on Monday that it’s interested in buying Debenhams even though the auction for the Department store chain has already ended and the chain is expected to close completely by March.
Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.
As Frasers Group continues to pivot more towards the upper end of the market, it has more than doubled its stake in luxury leather goods maker Mulberry.
Frasers Group-owned luxury chain Flannels has unveiled its AW20 campaign that’s fronted by supermodel Jourdan Dunn, as well as “two of the country’s brightest upcoming male talents”.