Fashion

Frasers Group profits and sales surge on the back of acquisitions

By 8 December 2022

Exterior of Frasers Belfast store

Frasers Group’s profits and revenues have soared, driven by the retailer’s new brand acquisition strategy, disposal of some assets and the continued growth of Flannels.

The group, which owns retailers including Sports Direct, House of Fraser and Jack Wills, posted a 53% spike in reported pre-tax profit to £284.6m in the 26 weeks to October 23.

Frasers said this growth was driven by “continually improving product choice”, profits on disposal of assets and the growth of Flannels through new store rollout and online. 

 

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