Frasers Group
British sports-goods retailer
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September 2024 | Frasers Group made a takeover approach for luxury handbag maker Mulberry, where it already held a 37% stake. |
September 2024 | Frasers opened a new concept store in Sheffield, replacing the House of Fraser brand and incorporating multiple brands including Sports Direct, USC, Game, Evans Cycles, and Sofa.com. |
April 2024 | Frasers Group agreed to acquire the Dutch sports retailer, Twin Sport. |
March 7 2024 | Matches Fashion was placed into administration after continually missing business plan targets. |
2023 | Frasers Group CEO Michael Murray announced the launch of Frasers Plus, a flexible payment service that allows customers to buy now, pay later and earn points, using technology developed by fintech startup Tymit. |
December 2023 | Frasers Group acquired Matches Fashion, a luxury ecommerce fashion retailer, for £52 million from Apax Partners. |
June 2023 | Frasers Group acquired stakes in multiple companies: 9% in ASOS, 9% in Currys, 5% in Boohoo.com, and 21% in AO World. |
November 2022 | Frasers Group acquired Gieves & Hawkes, one of London's oldest bespoke tailors. |
July 2022 | Chief Operating Officer David Al-Mudallal announced the end of work-from-home on Fridays for office staff, citing productivity concerns. |
June 1 2022 | The group bought the intellectual property of Missguided and Mennace for about £20 million after they went into administration. |
September 2021 | Michael Murray was announced as the incoming CEO of Frasers Group, set to take over from Mike Ashley in May 2022. |
2020 | Frasers Group launches the Everlast Fitness Club chain, expanding its business into fitness services. |
August 24 2020 | Frasers Group bought certain assets from DW Sports Fitness for £37m, without using the firm's brand name. |
December 16 2019 | The company announced its name change from Sports Direct International plc to Frasers Group plc, effective from 17 December 2019. |
August 5 2019 | Sports Direct International purchased Jack Wills out of administration for £12.7 million. |
February 2019 | The group acquired Sofa.com for a nominal sum. |
October 30 2018 | Evans Cycles was purchased by Sports Direct International in a pre-pack administration deal. |
August 10 2018 | Sports Direct International bought all House of Fraser UK stores, the brand, and stock for £90 million in cash after the company entered administration. |
July 2017 | The company acquired a 26% stake in Game Digital. |
December 2016 | Sports Direct International agreed to sell remaining international rights to Dunlop brand to Sumitomo Rubber Industries for £112 million, with sale completion expected by May 2017. |
November 2016 | Six MPs from the Business and Skills Committee visited Sports Direct and reported being placed under surveillance during their visit. |
September 2016 | A data breach occurred in Sports Direct's internal systems, with personal information of workforce compromised. |
August 2016 | Sports Direct admitted breaking the law and agreed to disburse approximately £1m in unlawfully withheld wages to affected workers. |
December 2015 | Sports Direct announced a 15 pence per hour wage increase for staff below minimum wage, estimated to cost approximately £10 Million. |
December 2015 | The Guardian investigation revealed problematic workplace practices, including staff fines, zero-hour contracts, and unpaid security checks. |
October 2015 | David Forsey, chief executive of Sports Direct, was charged with a criminal offence for consultation failures regarding USC staff redundancy. |
January 16 2014 | Sports Direct International sold its Debenhams shares, while retaining an option to buy further shares up to 6.6%. |
January 13 2014 | Sports Direct bought 4.6% of Debenhams shares (56.8 million shares worth around £46m) without prior board knowledge. |
2013 | Between 2013 and 2014, ambulances were dispatched over 80 times to Sports Direct HQ facilities, including an incident where a woman gave birth in the facility's bathroom. |
October 2013 | Mike Ashley secures a 61.7 percent majority stake in the company, solidifying his control of the business. |
July 2013 | More than 2,000 full-time staff were awarded around £70,000 each under the company's bonus share scheme. |
February 2013 | Sports Direct International bought 116 Republic stores, the brand name, and company head office after Republic went into administration. |
2012 | Sports Direct International purchased JJB's brand name, website, 20 stores and all stock for approximately £24m, saving around 550 jobs. |
July 2012 | Sports Direct International purchased a 51% stake in retailer Flannels. |
This contents of the box above is based on material from the Wikipedia article Frasers Group, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.