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.

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