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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: 854.50
Bid: 853.50
Ask: 854.50
Change: -17.00 (-1.95%)
Spread: 1.00 (0.117%)
Open: 852.00
High: 865.00
Low: 851.50
Prev. Close: 871.50
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PRESS: Frasers Groups in talks to buy retailer Matchesfashion - Sky

Mon, 18th Dec 2023 06:57

(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.

Citing "City sources", Sky said Frasers is among a small group of bidders that submitted offers early last week. Frasers would likely pay in excess of GBP50 million for Matchesfashion, whose business has struggled, according to Sky, citing an "insider".

Sky said fellow London-listed retailer Next PLC also is said to have expressed an interest in buying Matchesfashion.

https://news.sky.com/story/retail-tycoon-ashley-plots-cut-price-swoop-on-matchesfashion-13031499

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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