Frasers Group acquires Greaves Sports
Frasers Group has acquired Greaves Sports, a 96-year-old Scottish retailer operating a single store in Glasgow and an e-commerce website. Greaves Sports assured customers that its Gordon Street store and online store will continue under the Greaves brand with the same service and expertise, and that all gift cards and loyalty points remain valid. Frasers Group stated the purchase reinforces its commitment to investing in Scotland and providing greater customer choice and enhanced in-store experiences. The acquisition comes amid Frasers Group's broader expansion strategy, which recently included an 8.7% year-on-year revenue increase to £5.33bn for fiscal year 2026, driven by international expansion. Frasers also initiated a voluntary public cash offer to acquire full ownership of Hugo Boss, though Hugo Boss's board rejected the €38.00 per share offer as undervaluing the company. Analyst David Hughes of Shore Capital noted that while M&A drove higher revenues, trading margins were hit by £217m in impairments, raising questions about acquisition pricing.
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