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Share Price: 848.50

Bid: 846.50

Ask: 847.50

Change: -9.00 (-1.05%)

Spread: 1.00 (0.118%)

Open: 863.00

High: 863.50

Low: 845.00

Prev. Close: 857.50

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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

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10 Feb 2023 09:22

LONDON MARKET OPEN: Stocks uninspired as UK avoids recession in 2022

(Alliance News) - Stock prices in London opened lower on Friday amid depressed global market sentiment, though economic data showed the UK has avoided recession for now.

8 Feb 2023 12:14

LONDON MARKET MIDDAY: Powell offers tonic after US jobs spooked stocks

(Alliance News) - London's FTSE 100 traded not far off its best-ever level at midday on Wednesday, with equities supported by a more bullish forecast for the UK economy and Federal Reserve Chair Jerome Powell taking a softer tone than feared in a speech on Tuesday.

8 Feb 2023 09:08

Frasers acquires five fashion brands from JD Sports, halts one deal

(Alliance News) - Frasers Group PLC and JD Sports Fashion PLC on Wednesday said Frasers completed the acquisition of five premium fashion brands from JD Sports, while it will no longer buy the Rascal Clothing brand.

8 Feb 2023 09:04

LONDON MARKET OPEN: European stocks up; FTSE 100 sets new record high

(Alliance News) - Stock prices in London opened higher on Wednesday, as the FTSE 100 index hit another record high.

8 Feb 2023 07:55

LONDON BRIEFING: Barratt posts growth but reservations down in January

(Alliance News) - Stocks in London were called to open higher on Wednesday, as investors take their cue from a rally on Wall Street.

8 Feb 2023 07:21

Frasers says Rascal Clothing brand purchase not proceeding

(Sharecast News) - Frasers Group said it was no longer going ahead with its acquisition of the Rascal Clothing brand from JD Sports.

6 Feb 2023 12:23

CORRECT: Frasers could buy British shopping centres for GBP100 million

(Corrects that Mike Ashley is not the chief executive officer of Frasers.)

6 Feb 2023 12:22

LONDON MARKET MIDDAY: Stocks down as monetary policy pivot postponed

(Alliance News) - Stock prices in London were lower at midday on Monday as investors accepted that interest rates in the UK and the US will likely remain high for some time.

6 Feb 2023 09:32

TOP NEWS: Frasers CEO could buy shop centres for GBP100 million -Press

(Alliance News) - The Times on Saturday reported that Frasers Group PLC Chief Executive Officer Mike Ashley is mulling to buy two shopping centres in Great Britain for a total of GBP100 million.

30 Jan 2023 10:05

Frasers to move into credit - report

(Sharecast News) - Frasers Group is to start offering customers credit with its own buy now, pay later scheme, it was reported on Monday.

11 Jan 2023 16:58

LONDON MARKET CLOSE: Stocks buoyant ahead of US inflation print

(Alliance News) - Stocks in London ended on an upbeat note on Wednesday as markets looked ahead to key inflation data out of the US on Thursday.

11 Jan 2023 09:06

LONDON MARKET OPEN: Blue-chips creep higher; Direct Line drops 28%

(Alliance News) - Trainer sellers were the star performers in early trade in London on strong numbers from JD Sports, though grocers, housebuilders and insurers struggled following poorly received updates from J Sainsbury, Barratt and Direct Line.

6 Jan 2023 08:17

IN BRIEF: Frasers Group discloses strategic investment in Hugo Boss

Frasers Group - Shirebrook, England-based owner of Sports Direct, Frasers and Flannels retail chains - Says its investment in Hugo Boss now comprises 2.7 million shares or 3.9% of total share capital. This is covered by the sale of call options. Also has 17.6 million shares via sale of put options, representing 25% of Hugo Boss's total share capital. Of this, 1.8 million shares is matched via the purchase of put options, representing 2.5% of total share capital. Says maximum aggregate exposure connected with its next acquired interests in Hugo Boss is around EUR660 million or GBP580 million as of Thursday. This is after taking into account the premium it will receive under the put and call options.

6 Jan 2023 07:46

LONDON BRIEFING: Clarkson expects full-year ahead of expectations

(Alliance News) - Stock prices in London were expected to open higher on Friday ahead of key US non-farm payrolls data and a services PMI print from the nation.

6 Jan 2023 07:35

Frasers stake in Hugo Boss valued at £580m

(Sharecast News) - UK retailer Frasers Group said its maximum exposure to German fashion house Hugo Boss was £580m after it cut its stake in the company.

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