James and John Fraser were initially directors in the business and employed Alexander McLaren and later John Towers to manage it for them. Prev article. Outside of retail outlets, the company owns numerous brands, including Everlast, Lonsdale and Slazenger. [11], By 2000, the business had 80 stores, and had formed a joint venture in Belgium, with 22 stores trading as Disport. The intention to launch a company voluntary arrangement (CVA) was announced on the same day. Accounts. In 2014 the group (as Highland Group Holdings Ltd) was sold to Nanjing Xinjiekou Department Store Co. (Sanpower Group), a leading chain of Chinese department stores for approximately £480 million. [30], From January 2013 to December 2014, 76 ambulances or paramedic cars were sent to the postcode for Sports Direct's distribution centre, according to a Freedom of Information request by the BBC. These include department stores in Birmingham, Cardiff, Edinburgh (Jenners), Guildford, High Wycombe, London (Oxford Street), Middlesbrough, Plymouth and Reading. House of Fraser is a British department store group with 47 outlets across the United Kingdom. Companies House Companies House does not verify the accuracy of the information filed (link opens a new window) Sign in / Register . The acquisition allowed Sumitomo Rubber to consolidate the Dunlop brand across various products including sports goods worldwide. [25] Nanjing Xinjiekou Department Store Co will buy an 89% stake in Highland Group Holdings Ltd, which owns House of Fraser. Skip to main content. Frasers are to open in new locations as well as some former House of Fraser stores; in January 2020 it was announced that House of Fraser Meadowhall would receive a significant investment to become a Frasers store. Recent Changes Browse by category Browse by country Browse by design agency Browse by topic Browse by … 4 min read. This article is more than 1 year old. [40] In addition to the flagship Glasgow location, the planned conversion of House of Fraser Belfast to the Frasers format was confirmed on 8 May 2019. FRASERS GROUP PLC . [46] This was followed by the acquisitions of outdoor gear manufacturer Karrimor in March for a reported £5 million. In 1994, before House of Fraser PLC was relisted on the London Stock Exchange, Harrods was moved out of the Group so that it could remain under the private ownership of the Al Fayed family. On 2 May 2018, the company announced that it was to be entering into a conditional sale of a controlling stake in the firm to Nanjing Cenbest (another Sanpower Group subsidiary) to Hamleys owner C.banner, another Chinese firm. Small branches were to be relinquished and replaced with larger units. House of Fraser is a British department store group with 47 outlets across the United Kingdom. Frasers Group plc (formerly Sports Direct International plc) is a British retail group, named after its ownership of British department store chain, House of Fraser. Games Movies TV Video. | Frasers Group started as a small store in Maidenhead in 1982 and from there, grew to become a global powerhouse. Sports Direct stated at the time it intended to be a supportive share holder. Other retailers owned by the company include Jack Wills, Flannels, USC, Lillywhites, Game, and Evans Cycles. [1][6] In 1988, a five-year strategic business plan was announced which saw a rationalisation of stores. Outside of retail outlets, the company owns numerous brands, including Everlast FRASERS GROUP PLC WEBSITE COMING SOON. [18] It was announced on 1 October 2012, that Sports Direct had purchased rival retailer JJB's brand name, website, 20 stores and all of their stock in a deal for approximately £24m. He moved to London in 1878 to set up his own business in Westminster Bridge Road. The Information Commissioner's Office stated it was aware of "an incident from 2016 involving Sports Direct" and would "be making enquiries. #ForTheFearless. After looking at a takeover,[49] Sports Direct took a £9 million stake and signed a lucrative long-term deal in August 2005 with troubled brand Umbro,[50] which was subsequently sold to Nike. Listed on the Main Board of the Singapore Exchange Securities Trading Limited and headquartered in Singapore, the Group has total assets of approximately S$38.7 billion as at 30 September 2020. On 26 July 2019, it was revealed that Sports Direct had received a £605 million bill from the Belgian tax authorities. [42] In February 2017, it was reported that Sports Direct had failed to inform its workforce of a data breach of their personal information after an attacker gained access to its internal systems in September 2016. FRASERS GROUP PLC WEBSITE COMING SOON. A further site, in Liverpool, opened in 2012. Frasers is an award winning creative design agency in Herts specialising in branding and brand design communications. Frasers Group PLC News. [27], In December 2016, Sports Direct agreed to sell the remaining international rights to its Dunlop brand to Sumitomo Rubber Industries for £112 million ($137.5 million). The retailer rebutted the claims and the matter was resolved in January 2020. A union official suggested that these practices were illegal as they brought workers' earnings below the minimum wage. The company was founded by Hugh Fraser and James Arthur in 1849 as a small drapery shop on the corner of Argyle Street and Buchanan Street in Glasgow, Scotland trading as Arthur and Fraser. [48] Most of these brands were bought from distressed sellers. The store traded under the D H Evans name until 2001. AGS international movers offers quality removals. A takeover bid by Lonrho was referred to the Monopolies and Mergers Commission and declared to be contrary to the public interest. 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