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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: 819.50
Bid: 818.50
Ask: 819.50
Change: -1.00 (-0.12%)
Spread: 1.00 (0.122%)
Open: 822.00
High: 826.50
Low: 817.50
Prev. Close: 820.50
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Frasers Group in advanced talks to buy ProBikeKit from THG - report

Mon, 22nd May 2023 13:54

(Sharecast News) - Mike Ashley's Frasers Group is reportedly in advanced talks to buy cycling goods specialist ProBikeKit from THG.

According to Sky News, Frasers is close to buying the stock and intellectual property assets of PBK from online nutrition and beauty retailer THG.

City sources told Sky a deal could be finalised and announced later this week.

The deal will not be material in financial terms for either party, but will come in the wake of THG deciding to close or sell a number of its non-core subsidiaries, Sky said.

PBK was founded in 1998, and was bought by THG in 2013 and absorbed into the then privately owned group's lifestyle division. It sells cycling clothing and accessories produced by more than 100 specialist brands, including Adidas, Raleigh and Michelin.

The acquisition of PBK is expected to be handled through Frasers' Evans Cycles subsidiary, which Frasers bought in 2018.

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Shore Capital reiterates 'buy' on Frasers after Matchesfashion purchase

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

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