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Pin to quick picksFrasers Group Share News (FRAS)

Share Price Information for Frasers Group (FRAS)

London Stock Exchange
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Share Price: 839.00
Bid: 838.50
Ask: 839.50
Change: 3.50 (0.42%)
Spread: 1.00 (0.119%)
Open: 837.50
High: 840.00
Low: 834.00
Prev. Close: 835.50
FRAS Live PriceLast checked at -

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Frasers buys online bike retailer Wiggle out of administration - report

Mon, 04th Mar 2024 10:13

(Sharecast News) - Mike Ashley's Frasers Group has reportedly bought online bicycle retailer Wiggle out of administration.

According to The Times, Frasers - which owns Sports Direct, House of Fraser and Flannels, among others - has agreed a deal to buy the brand and intellectual property of both Wiggle and Chain Reaction Cycles, another online bike store.

Wiggle will add to Frasers' existing cycling business, which includes Evans Cycles.

Frasers was understood to have paid less than £10m for the Wiggle brand and intellectual property.

Wiggle collapsed in October 2023, with debt of £155m. The Times said the deal with Frasers will result in 447 employees losing their jobs.

It was understood that Frasers is attracted to Wiggle's strong social media and online presence, and believes the brand can help its efforts to move its sports business upmarket.

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21 Dec 2023 09:36

Shore Capital reiterates 'buy' on Frasers after Matchesfashion purchase

(Sharecast News) - Shore Capital has reiterated its 'buy' recommendation on Frasers Group after the retail conglomerate purchased loss-making fast fashion group Matches this week.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

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20 Dec 2023 11:28

TOP NEWS: Frasers confirms will buy Matchesfashion for GBP52 million

(Alliance News) - Frasers Group PLC on Wednesday confirmed reports from Sky News that it will buy Matchesfashion, a luxury clothing retailer, from its private equity owner since 2017, Apax Partners.

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20 Dec 2023 11:26

UK's Frasers strengthens luxury offer with MATCHES buy

LONDON, Dec 20 (Reuters) - Frasers, the British sportswear and apparel retailer controlled by Mike Ashley, has bolstered its presence in the luxury space by buying loss-making online player MATCHES from Apax Partners, paying about 52 million pounds ($66 million).

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20 Dec 2023 09:30

Frasers Group strikes deal to buy Matchesfashion for £50m - report

(Sharecast News) - Mike Ashley's Frasers Group said on Wednesday that it has bought loss-making luxury clothing site Matchesfashion from Apax Partners for around £52m in cash.

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18 Dec 2023 06:57

PRESS: Frasers Groups in talks to buy retailer Matchesfashion - Sky

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14 Dec 2023 09:59

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