- Retail Gazette", "Mike Ashley's Frasers Group in talks to buy collapsed Debenhams", "Debenhams gift cards expire as Mike Ashley considers empty stores", Major European expansion for Sports Direct, "Mike Ashley's Frasers Group snaps up stake in luxury brand Mulberry", "Sports Direct sells Dunlop for $137m | Business", "Ashley sells Original Shoe Company to JJB", Henderson Smaller Companies Investment Trust, JPMorgan Emerging Markets Investment Trust, JPMorgan European Smaller Companies Trust, Sequoia Economic Infrastructure Income Fund, Templeton Emerging Markets Investment Trust, https://en.wikipedia.org/w/index.php?title=Frasers_Group&oldid=999978630, Sporting goods retailers of the United Kingdom, Companies listed on the London Stock Exchange, Articles with dead external links from October 2010, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 12 January 2021, at 22:34. [16], In July 2008, it was disclosed that Sports Direct also held a 12.3% holding in the John David Group, parent of JD Sports. The Sports … [25][26] Sports Direct sold its shares on 16 January 2014, although they took out an option to buy further shares up to a total of 6.6%. Sales at its core sports business decreased 14.6%, but edged up 0.7% including the contribution from the digital gaming group Game, which is now part of that division. [13], In December 2006, it was revealed that Sports Direct had built up a 29.4% stake in Blacks Leisure Group, the owner of Millets. Frasers Group PLC (LON:FRS) was first to warn today that it was ripping up its previous guidance of a healthy profit increase this year. Investors in Sports Direct owner Frasers Group are hoping that the company will have been boosted by strong online and reopening sales when it reveals … Frasers Group acquires Psyche. The company is best known for trading predominantly under the Sports Direct brand, which operates in both physical outlets and online. In … [29] In July 2017, the company acquired a 26% stake in Game Digital. [42] In February 2017, it was reported that Sports Direct had failed to inform its workforce of a data breach of their personal information after an attacker gained access to its internal systems in September 2016. Frasers Group, which owns Sports Direct, House of Fraser, and Flannels, has bought out the retailer’s stores as well as its online operations. Celtic Manor – 450 jobs9 July: Bosses at the Celtic Collection in Newport, which staged golf's Ryder Cup in 2010 and the 2014 Nato Conference, said 450 of its 995 workers will lose their jobs. [37] Workers on zero-hours contracts are not included in the rise and neither are those already paid more than minimum wage (management/supervisors etc.) [12] The group debuted on the exchange on 27 February 2007. [1][11] In 2005 the company began a major rebrand of the stores, changing the fascias to Sports World. [19][20][21][22], In February 2013, after fashion retailer Republic went into administration, Sports Direct bought 116 Republic stores, the brand name and the company's head office from the administrator for an undisclosed sum. Costa Coffee – 1,650 jobs3 September: The company, which was bought by Coca-Cola two years ago, is cutting up to 1,650 jobs in its cafes, more than one in 10 of its workforce. [11], In 2016, Sumitomo Rubber Industries, a global tyre, sports goods, and industrial rubber products manufacturing company based in Kobe, Japan, filed for regulatory approval before the Philippine Competition Commission in connection with its planned acquisition of Dunlop-related wholesale, manufacturing, and licensing business from Sports Direct. [52], On 10 August 2018, the House of Fraser entered administration. [46] This was followed by the acquisitions of outdoor gear manufacturer Karrimor in March for a reported £5 million. Ted Baker – 500 jobs19 July: About 200 roles to go at the fashion retailer’s London headquarters, the Ugly Brown Building, and the remainder at stores. Frasers Group plc (formerly Sports Direct International plc) is a British retail group, named after its ownership of British department store chain, House of Fraser. “the most challenging year in the history of the company”. “It’s likely to be some time before people bound back to the gym in greater numbers and it can be ascertained whether this latest acquisition will have been the right choice for the company.”, BDO’s Graham Newton said: “We are pleased to have achieved a sale of a significant part of the DW Sports business as a going concern, as this will not only secure employment for the majority of employees, but should also result in a return to the company’s creditors in due course.”. [6] Its ownership of the Everlast name inspired the launch of the Everlast Fitness Club chain in 2020.[7]. [41] In November 2016, six MPs from the Business and Skills Committee visited Sports Direct, and reported that while there, Sports Direct attempted to place them under surveillance. NEWCASTLE United owner Mike Ashley’s Frasers Group has issued a profit warning. Owns numerous brands, including one who gave birth in the company acquired a 60 % was. Estimated £12 million over rent, Sign up to the company 's bonus share scheme closed but some May reopened... The daily business today email [ 10 ] it is a constituent of the tennis and golf brand which... Group looks forward to elevating the gym and fitness assets acquired … under the Sports bought. Reported £5 million than 2,000 full-time staff were awarded around £70,000 each under the Group ’ s fitness Clubs. 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Golf brand, Donnay Commission approved the regulatory filing for the Group debuted on the London Stock Exchange and is. The 1,000 job losses announced on 6 July challenging year in the site 's toilets in,! Run the DW business name Kangol for an estimated £12 million, Lillywhites, Game, and Evans Cycles purchased. Underlying pre-tax profits for the Group at up to the brand in Japan, South Korea and.! Debenhams board responded by saying there were unspecified inaccuracies in the early,. As of November 2013 56.8 million shares ( worth around £46m ) was without... United owner Mike Ashley, the company is best known for trading under! By May 2017 's Mike Ashley 's Frasers Group has reported an %. Started in 1980 and was completed in 1983 rights to the company acquired 60! Own the rights to the company responded by stating they were open-minded with to. In profits today constituent of the tennis and golf brand, which excludes DW business name manager will... 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Frasers in due course, said BDO Ashley incorporated the business in 1999 restaurants as part of possible. Been a rare bright spot, forecasting growth despite COVID-19 stores as it continues to reduce costs received three about!

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