Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFrasers Group Share News (FRAS)

Share Price Information for Frasers Group (FRAS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 817.50
Bid: 814.50
Ask: 815.50
Change: 12.50 (1.55%)
Spread: 1.00 (0.123%)
Open: 807.50
High: 817.50
Low: 802.50
Prev. Close: 805.00
FRAS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mike Ashley's Frasers Group Confirms Talks To Rescue Debenhams

Mon, 07th Dec 2020 09:03

(Alliance News) - Frasers Group PLC on Monday said it is in negotiations with the administrators of Debenhams' UK business regarding a potential rescue deal for the UK operations of the troubled department store chain.

Mike Ashley's Frasers, which owns department store House of Fraser and sportswear retailer Sports Direct, said that, while it hopes that a rescue package can be put in place, "time is short".

In addition, Frasers said the situation is "further complicated" by the recent administration of the TopShop owner Arcadia Group, which is Debenhams' biggest concession holder. Arcadia's brands take out space in Debenhams stores.

Philip Green's Arcadia Group, which includes Topshop, Burton and Dorothy Perkins, collapsed into administration last week - placing 13,000 jobs at risk.

Frasers added that there is no certainty that any transaction will take place, particularly if discussions cannot be concluded swiftly.

Frasers was down 2.9% at 421.20 pence each on Monday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
9 Jan 2024 08:49

LONDON MARKET OPEN: FTSE 100 flat; Hays, Jupiter Fund weigh on 250

(Alliance News) - Stock prices in London opened lower on Tuesday, as optimism following a tech rally on Wall Street failed to offset some downbeat UK data.

Read more
4 Jan 2024 17:03

FTSE 100 rebounds as Next outweighs slump in JD Sports

Next shines on profit forecast hike

*

Read more
4 Jan 2024 13:07

London close: Stocks rise as US jobless claims slow

(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

Read more
27 Dec 2023 17:02

LONDON MARKET CLOSE: Stocks start week higher as 2024 draws to close

(Alliance News) - Equities in London kicked off an abbreviated trading week with gains on Wednesday, on continued US interest rate optimism at the end of 2024.

Read more
22 Dec 2023 12:54

LONDON MARKET CLOSE: Investors feel icy ahead of US inflation data

(Alliance News) - Stock prices in London closed slightly higher on Friday, as fears over a recession in the UK dampened the festive spirit.

Read more
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.

Read more
20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

Read more
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.

Read more
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).

Read more
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.

Read more
18 Dec 2023 07:55

LONDON BRIEFING: Games Workshop seals Amazon deal for Warhammer 40,000

(Alliance News) - Stocks in London were set to retreat slightly on Monday, in line with equity markets in Asia, at the start of the last week before the Christmas holidays.

Read more
18 Dec 2023 06:57

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

(Alliance News) - Frasers Group PLC is in talks to buy Matchesfashion, a luxury clothing retailer, from its private equity owner since 2017, Apax Partners, Sky News reported on Saturday.

Read more
14 Dec 2023 09:59

UK retailer Currys sticks to guidance after first-half loss

First half loss in line with last year

*

Read more
8 Dec 2023 09:39

LONDON BROKER RATINGS: Goldman likes Sainsbury's; RBC cuts Imperial

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
7 Dec 2023 15:03

London close: Stocks weaker as investors look to central banks

(Sharecast News) - London markets closed lower on Thursday as investors reacted to lacklustre Chinese trade data and the latest UK house price figures.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.