The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
British sportswear group Frasers raised its stake in online fashion seller Boohoo to 9.1 percent from 7.8 percent, a regulatory filing showed on Thursday.
Frasers, formerly called Sports Direct and majority-owned by Mike Ashley, has previously described its stake in Boohoo as consistent with its strategy of building “supportive” positions in “attractive” companies.
The group also owns stakes in electrical retailers Currys and AO World, and upmarket brand Hugo Boss among others.
By Sarah Young; Editor: Kate Holton
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UK’s Frasers Group Sees More Profit Growth This Year
British retailer Frasers Group expects profit to rise between 5 percent and 15 percent this year as its biggest brand, Sports Direct, benefits from a partnership with Nike and shoppers keep spending despite economic headwinds, it said on Thursday.
Zara-owner Inditex’s earnings this week come as some analysts say the category’s best days are behind it.
This week BoF reported that Farfetch is seeking a ‘white knight’ to avoid collapse. A deal with Amazon could be the answer, writes Imran Amed.
As sportswear rivals jockey for position ahead of next year’s Paris Olympics, Adidas is aiming to stamp its brand on smaller events such as breaking, climbing, skateboarding and BMX.
BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape.