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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: 832.00
Bid: 831.50
Ask: 832.50
Change: -3.50 (-0.42%)
Spread: 1.00 (0.12%)
Open: 837.50
High: 840.00
Low: 830.00
Prev. Close: 835.50
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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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27 Jul 2023 09:30

TOP NEWS: Frasers Group delivers "record results"; annual profit surge

(Alliance News) - Frasers Group PLC on Thursday reported "record results" with a surge in pretax profit and a revenue rise in its financial year, following several key acquisitions.

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27 Jul 2023 08:34

UK's Frasers Group sees more profit growth this year

Sees FY profit between 500-550 mln stg

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27 Jul 2023 07:53

LONDON BRIEFING: Stocks to rise; Frasers, Centrica post strong results

(Alliance News) - Stocks are called higher in London on Thursday, as investors anticipate the end to the Federal Reserve's monetary tightening cycle.

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27 Jul 2023 07:14

Frasers Group full year boosted by sports retail

(Sharecast News) - Mike Ashley's Frasers Group reported a surge in full-year profits and revenue on Thursday as it hailed a strong performance across the group, boosted by profitable growth in the sports retail segment.

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21 Jul 2023 07:54

THG confirms sale of loss-making divisions THG OnDemand and ProBikeKit

(Alliance News) - THG PLC on Friday confirmed the sale of two loss-making businesses for a total of about GBP4 million, as part of a company simplification exercise that the e-commerce platform announced back in January.

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21 Jul 2023 07:19

THG sells OnDemand business to management team

LONDON, July 21 (Reuters) - THG, the online retail platform, has sold its loss-making THG OnDemand business to a new company led by its management team and funded by Gordon Brothers, it said on Friday.

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6 Jul 2023 09:01

Britain's Currys exploring collaboration with Mike Ashley's Frasers

LONDON, July 6 (Reuters) - British electricals retailer Currys is exploring "a number of avenues" for collaboration with Mike Ashley's Frasers after the sportswear and fashion group amassed a 10.4% stake, Currys' boss said on Thursday.

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6 Jul 2023 08:01

UK's Currys drops dividend on uncertain economic outlook

2022-23 profit down 38%

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5 Jul 2023 10:28

UK electricals retailer AO World looks to plug into Frasers

Mike Ashley's Frasers has bought 22.2% AO stake

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5 Jul 2023 07:10

UK's AO World profit rises on reduced costs, better margins

LONDON, July 5 (Reuters) - AO World, the British online electricals retailer that last month forged a strategic alliance with Mike Ashley's Frasers, said profit recovered in its 2022-23 year as it benefited from a plan to reduce costs and improve margins.

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26 Jun 2023 12:20

Frasers Group lifts stakes in AO World, Currys

(Sharecast News) - Mike Ashley's Frasers Group has increased its stake in electrical retailer AO World for a third time to more than 22% and also lifted its stake in rival Currys, according to stock exchange filings on Monday,

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20 Jun 2023 16:55

LONDON MARKET CLOSE: Stocks lower with eyes on UK inflation numbers

(Alliance News) - Stocks in London closed in the red on Tuesday, with market nerves frayed ahead of the release of key UK inflation data on Wednesday morning.

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20 Jun 2023 12:18

LONDON MARKET MIDDAY: FTSE 100 treads water ahead of UK inflation, BoE

(Alliance News) - London's FTSE 100 was steady at midday Tuesday, as investors look ahead to risk events in the form of a UK inflation reading and a Bank of England interest rate decision later this week.

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20 Jun 2023 11:36

UPDATE: Frasers says boohoo, Currys stake buys part of growth strategy

(Alliance News) - Frasers Group PLC on Tuesday said it its acquisition of stakes in boohoo Group PLC and Currys PLC are part of a wider strategy of taking up "supportive shareholder positions in attractive retail companies".

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