×
43
Fashion Jobs
H&M
Security/ Compliance Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Sap Sales Distribution & Business Analyst
Permanent · Ho Chi Minh City
PUMA
Manager Product Line Sportstyle Footwear
Permanent · Ho Chi Minh City
L'OREAL GROUP
Key Account Executive - Drugstore Channel
Permanent · Ho Chi Minh City
PHV
Manager, Quality Assurance – Process Engineer
Permanent · Ho Chi Minh City
PHV
Manager, Merchandising
Permanent · Ho Chi Minh City
PUMA
Assistant Manager Development Fabric Apparel
Permanent · Ho Chi Minh City
H&M
Sourcing & Capacity Development Specialist
Permanent · HO CHI MINH CITY
H&M
3pl Business Expert - Import, Export And Controlling
Permanent · BIEN HOA
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
ADIDAS
Senior Footwear Designer
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Times City
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Times City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Times City, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực hà Đông, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Gia Lâm - hà Nội
Permanent · HANOI
Published
Nov 11, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Frasers Group increases N Brown stake

Published
Nov 11, 2022

Frasers Group has raised its stake in online fashion retailer N Brown to 5.04%, according to documents just filed with the London Stock Exchange.


JD Williams


The highly acquisitive group first invested in N Brown last month, buying a 4.54% stake in the Simply Be, JD Williams and Jacamo owner after it had warned the cost-of-living crisis will continue to hit its sales. Its shares fell sharply at the time.

N Brown said that "uncertainty around macroeconomic conditions persists" and that its second quarter product revenue decline of 9.4% continued into September. Revenue for the six months to August 27 dipped 4.6% year-on-year to £331.5 million. Statutory pre-tax profits were also slashed from £28.4m to £7.2m.

Frasers Group, founded and still controlled by billionaire Mike Ashley but now run by CEO Michael Murray, is constantly on the lookout to add to its retail empire that includes luxury fashion hub Flannels and sport/leisure retail giant Sports Direct

In recent months it has been busy acquiring brands, including Studio Retail Group, Missguided and I Saw It First and it's constantly linked to struggling fashion brands.

Last month, it also increased its investment in German fashion house Hugo Boss, and now has a combined holding of 32.8% of its shares. Frasers has also built a 5.1% stake in ASOS in October. 

However, rather than indications of wanting to buy them, Frasers Group has said the moves are part of a long-term plan of “making strategic investments to develop relationships and partnerships with other retailers, suppliers and brands”.

On the subject of N Brown, Frasers has yet to make a comment on the increased stake buy and what its intensions are.

Copyright © 2023 FashionNetwork.com All rights reserved.