Frasers Group to cut 100 jobs at Manchester office

The retailer has reportedly entered a consultation period with its employees from Missguided, Studio Retail and I Saw It First, according to Drapers.

The decision is understood to be part of an efficiency drive across the business as it continues with a spree of acquisitions, and follows job cuts at its offices in Shirebrook and London last month.

On the cuts last month, a statement by Frasers Group said: “Frasers Group has gone through significant change over the last year, having made a number of strategic acquisitions and accelerated progress against the elevation strategy.

“We are reviewing our team structures to identify efficiencies and streamline processes, and we have entered a consultation period with colleagues affected by these changes.

“The changes will ensure we have the right structure and talent to support continuing profitable growth for Frasers Group.”

Last week, Retail Week revealed that Frasers was forecast to become the UK’s biggest fashion retailer within the next few years. 

The Fashion Forward report, a forecast of the top 30 fashion retailers by 2026, revealed that the Sports Direct and Flannels owner is set to make a significant leap from third to first place in the ranking within the next five years.  

The forecast, which calculated the top 30 retailer’s five-year compound annual growth rate (CAGR), showed Frasers’ elevation and acquisition strategy would grow the business by 9.2% to £5.6bn by 2026.