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| 22.08.25 07:23:27 |
Revolution Beauty holt Gründer zurück, um die Marke “neu aufzulegen”. |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Okay, here’s a 400-word summary of the Revolution Beauty news, followed by a German translation:
**Summary (approx. 400 words)**
Revolution Beauty is undergoing a significant turnaround after failing to attract a buyer and experiencing plummeting sales. Co-founders Adam Minto and Tom Allsworth, who previously resigned following accounting irregularities, are returning to lead the company. Revolution Beauty’s chairman believes the business had “lost its way” and this leadership shift is intended to restore profitability.
The company had initiated a sale process earlier in the year but received no suitable offers, largely due to Frasers Group (owned by Mike Ashley) declining to make a bid. Instead, Revolution is pursuing a £15 million fundraising round by issuing new shares.
Minto will return as CEO, while Allsworth will take on a consultancy role, working two days a week for a salary of £160,000. They plan a “new and refreshed strategy” focused on returning the brand to its original formula of rapid, trend-driven innovation and a product-led approach. Crucially, this strategy will involve significant cost-cutting, including staff reductions projected to free up an additional £7.5 million by 2027.
The return to the founders comes after a period of crisis triggered by accounting issues that led to the suspension of Revolution’s shares from the London Stock Exchange. The issues revealed that the co-founders had made undisclosed personal loans to an employee and distributors. A settlement was reached, preventing a potential legal battle.
Recent financial results paint a concerning picture: revenue fell by 25.5% to £142.6 million for the year ending February 28th, and the company reported a pre-tax loss of £16.8 million, reversing a previous profit of £11.4 million.
Iain McDonald, the chairman, expressed confidence that the founder-led management can revive the brand. The share price reacted positively to the announcement, rising by 10% in early trading, reflecting investor optimism about the strategic shift.
**German Translation**
**Revolution Beauty holpert zurück mit den Gründern nach finanziellen Problemen**
Revolution Beauty befindet sich im Umbruch, nachdem es versäumt hatte, einen Käufer zu finden und Umsattschwankungen erlebt hat. Adam Minto und Tom Allsworth, die ehemaligen Co-Gründer, die infolge von Bilanzierungsfehlern zurückgetreten waren, kehren zurück, um das Unternehmen zu führen. Revolution Beauty’s Vorstand glaubt, dass das Unternehmen “seinen Weg verloren” hatte und diese Führungswechsel sollen die Rentabilität wiederherstellen.
Das Unternehmen hatte zuvor einen Verkaufsprozess gestartet, aber keine geeigneten Angebote erhalten. Dies lag zum großen Teil an Frasers Group (im Besitz von Mike Ashley), das sich gegen ein Angebot aussprach. Stattdessen plant Revolution, eine Kapitalerhöhung über die Ausgabe neuer Aktien im Wert von 15 Millionen Pfund zu finanzieren.
Minto kehrt als CEO zurück, während Allsworth eine Beratungsstelle bekleidet, in der er zwei Tage pro Woche für 160.000 Pfund pro Jahr arbeitet. Sie planen eine “neue und erfrischte Strategie” mit dem Ziel, die Marke zu ihrem ursprünglichen Modell von schnellem, trendorientiertem Innovation und einer produktgesteuerten Strategie zurückzuführen. Dies beinhaltet erhebliche Kostensenkungen, einschließlich Personalreduktionen, die voraussichtlich bis 2027 weitere 7,5 Millionen Pfund freisetzen werden.
Die Rückkehr der Gründer erfolgte nach einer Krise, die durch Bilanzierungsfehler ausgelöst wurde, die zur Suspendierung der Aktien von Revolution an der Londoner Börse führte. Die Probleme zeigten, dass die Co-Gründer persönliche Kredite an einen Mitarbeiter und Distributoren ohne Offenlegung gewährt hatten. Es wurde eine Einigung erzielt, um eine mögliche Klage zu vermeiden.
Die jüngsten Finanzzahlen zeigen ein besorgniserregendes Bild: Der Umsatz sank um 25,5 % auf 142,6 Millionen Pfund für das Jahr bis zum 28. Februar und das Unternehmen meldete einen Vorsteuerverlust von 16,8 Millionen Pfund, nachdem zuvor ein Gewinn von 11,4 Millionen Pfund gemeldet wurde. Iain McDonald, der Vorstandsvorsitzende, äußerte Zuversicht, dass die von den Gründern angeführte Führung das Unternehmen wiederbeleben kann. Die Aktie reagierte positiv auf die Ankündigung und stieg im frühen Handel um 10 %. |
| 14.08.25 08:29:25 |
Boohoo-Gründer sollte über die Schuldensammlung untersucht werden, sagt Mike Ashley |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Here's a summary of the text within 400 words, followed by the German translation:
**Summary (English)**
Frasers Group, led by Mike Ashley, is intensifying its conflict with Boohoo founder Mahmud Kamani by demanding an immediate investigation into alleged unethical and potentially illegal debt collection practices. The Telegraph reported that Kamani allegedly used a scheme to recoup a £100,000 personal debt by taking a 20p deduction from payments made to PDQ Textiles, a jeans supplier based in Manchester.
This scheme involved using a middleman and multiple shell companies, including Pinstripe Clothing, also co-owned by Kamani, to channel funds from Boohoo directly into his personal accounts or those of the companies he controls. Frasers Group, which holds a significant 29% stake in Boohoo, expressed “very serious concerns” regarding these allegations.
They believe Kamani may have breached his duties as a director and potentially committed criminal offenses. As a direct consequence of these concerns, Frasers Group has formally requested that Boohoo suspend Kamani and his associates from any roles within the company and launch an independent investigation into his conduct.
The allegations are expected to significantly damage Boohoo's reputation, especially given the ongoing tensions between Frasers Group and Boohoo, particularly regarding fair trading practices and corporate governance. Boohoo has yet to respond to the demands.
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**German Translation**
Frasers Group, unter der Führung von Mike Ashley, verschärft seinen Konflikt mit dem Gründer von Boohoo, Mahmud Kamani, indem es eine sofortige Untersuchung von mutmaßlichen unethischen und möglicherweise rechtswidrigen Mahnverfahren verlangt. Die Telegraph berichtete, dass Kamani einen Betrag von 100.000 £ als Privatkredit durch eine Praxis von 20 Pence pro Artikel von Zahlungen an PDQ Textiles, ein Jeanslieferant aus Manchester, zurückgewalzen hat.
Dieser Plan beinhaltete die Verwendung eines Mittels und mehrerer Sondergesellschaften, darunter Pinstripe Clothing, ebenfalls von Kamani gemeinsam kontrolliert, um Gelder von Boohoo direkt auf seine persönlichen Konten oder die von ihm kontrollierten Unternehmen zu leiten. Frasers Group, die einen bedeutenden Anteil von 29 % an Boohoo hält, drückt “äußerst ernste Bedenken” hinsichtlich dieser Vorwürfe aus.
Es wird angenommen, dass Kamani seine Pflichten als Vorstandmitglied verletzt und möglicherweise strafrechtlich gesehen wird. Als Konsequenz dieser Bedenken hat Frasers Group gebeten, Boohoo Kamani und seine Associates von allen Positionen innerhalb des Unternehmens zu suspendieren und eine unabhängige Untersuchung seines Handelns einzuleiten.
Die Vorwürfe werden voraussichtlich Boohoos Ruf erheblich schädigen, insbesondere angesichts der anhaltenden Spannungen zwischen Frasers Group und Boohoo, insbesondere im Hinblick auf fairen Handel und Unternehmensführung. Boohoo hat auf die Forderungen noch nicht reagiert. |
| 14.08.25 07:23:14 |
Mike Ashley fordert Untersuchung über die Schuldenerhebung von Boohoo Gründer |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Okay, here's a summary of the text, translated into German, aiming for approximately 400 words:
**Zusammenfassung: Ashley fordert unabhängige Untersuchung wegen möglicher Bilanzbetrugs bei Boohoo**
Mike Ashley fordert eine unabhängige Untersuchung, nachdem es Hinweise auf Versuche von Boohoos Gründer, Mahmud Kamani, gab, eine persönliche Schulden von 100.000 £ durch eine Vereinbarung mit einem Lieferanten einzutreiben.
In einem Brief an Tim Morris, den unabhängigen Vorsitzenden von Boohoo, ordnen Anwälte von Frasers Group, dem Unternehmen, das von Ashley geführt wird, Kamani “sofort” vorläufig zu suspendieren. Die Kanzlei White and Case sandte den Brief direkt an Morris, “aufgrund der Schwere der Probleme im Zusammenhang mit dem Verhalten von Kamani”.
Diese Forderung folgt auf die Enthüllungen der Zeitung The Telegraph, die letzte Woche bekanntgab, dass Kamani versuchte, einen Lieferanten (Anjum Majid, der Vater des Eigentümers von PDQ Textiles) zu zwingen, Geld von seinen Zahlungen abzuziehen.
Frasers Group, Boohoos größter Anteilseigner mit einem 30%igen Anteil, ist besorgt über die möglichen Verstöße. Die Anwälte fordern “dringende Zusicherungen”, dass die Enthüllungen “vollständig und unabhängig untersucht” werden.
Der Brief erklärt, dass Frasers auch die Verantwortung des gesamten Vorstands von Boohoo sieht, das Unternehmen und seine Aktionäre vor Kamani und seinen Verbündeten zu schützen. Die Vorwürfe sind “sehr ernst und schädlich für den Ruf von Boohoo”. Wenn sie bewiesen werden, könnte Kamani seine Pflichten als Vorstandmitglieds verletzt und möglicherweise auch Straftaten begangen haben.
In den WhatsApp-Nachrichten von 2023 forderte Kamani, der immer noch einen 12,5%igen Anteil an Boohoo hält, den Lieferanten dazu auf, 20 Pence pro Kleidungsstück von seinen Zahlungen abzuziehen, um die persönliche Schuld einzutreiben. Er drohte, Boohoo zu bestrafen, wenn der Lieferant versuchte, die Preise zu erhöhen, und forderte, dass die Zahlungen “sauber” abgewickelt werden.
Boohoo hat die Vorwürfe zunächst nicht kommentiert. Ein Sprecher des Unternehmens gab an, dass der Kredit bereits 2014 vor dem Börsengang (IPO) ausstand und nicht beglichen wurde.
Frasers Group fordert eine “forensische Überprüfung” aller relevanten Dokumente, einschliesslich E-Mails und WhatsApp-Nachrichten von Direktoren und Mitarbeitern, die an Finanzberichten, Verkäufen und internen Kontrollen beteiligt waren. Dies umfasst auch Hintergrundprüfungen der Lieferanten und Interviews mit relevanten Mitarbeitern und Direktoren.
Die Nichtaufbewahrung relevanter Dokumente könnte gravierende Folgen für Boohoo und die beteiligten Personen haben, einschliesslich der Möglichkeit einer Strafverfolgung wegen des Verdeckungsversuchs. Frasers Group fordert ein Treffen, um die geplanten Schritte zu besprechen.
Diese Forderung nach einer Untersuchung stellt einen weiteren Rückschlag für Boohoo dar, das bereits Reformen in seiner Lieferkette durchgeführt hat.
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**Notes on the Translation:**
* I’ve aimed for a natural and accurate German translation, suitable for a general audience.
* I've tried to retain the seriousness and urgency of the original text.
* The length is approximate to meet the 400-word goal.
Do you want me to adjust any specific part of the translation or focus on a particular aspect? |
| 08.08.25 14:53:13 |
River Island averts collapse after defeating Mike Ashley in rent cut battle |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
River Island can unlock a loan from its founders after its restructure gained the High Court’s backing
River Island has avoided collapse by securing court approval for its controversial restructuring plan, as it defeated fierce opposition from landlords including Mike Ashley’s Frasers Group.
The retail giant successfully overcame resistance from landlords to force through rent cuts during a hearing on Friday, as a High Court judge ruled that radical action was needed to help the business survive.
As well as Frasers, property giant Landsec had also opposed the restructuring plan owing to its ownership of affected stores.
In his ruling, Mr Justice Norris accepted that the turnaround plan was necessary to “bridge a funding gap”.
It came as River Island revealed during the court hearing that it plans to cut 110 head office jobs this month to save £8.1m in costs.
The court approval means the fashion retailer has gained a crucial lifeline, allowing it to unlock a loan from its founders, the billionaire Lewis family, to avoid collapsing into administration.
It had warned that without a radical turnaround to write off store rents and debts, it would essentially run out of money by September, as previously revealed by The Telegraph.
However, the proposal was opposed largely by landlords because it involves sweeping rent cuts for parts of its 230-store estate.
The plan also affects local councils across the country, with River Island able to walk away from millions of pounds owed in business rates.
River Island had gained the support of around 80pc of its creditors by value following a vote last Friday.
However, final approval for its rescue plan rested with the High Court because only half of all creditor classes backed the plan.
Support was required from at least three-quarters of each class in order for the court to wave through the proposal.
Its creditors were grouped into 10 categories, including landlords and councils. As well as Frasers and Landsec, affected store owners include British Land, the Crown Estate and Legal & General.
‘Strong platform’
Following Friday’s decision, Ben Lewis, chief executive of River Island, said: “We are pleased that River Island’s restructuring plan has been approved by the High Court.
“We have a clear transformation strategy to ensure the long-term viability of the business, and this decision gives us a strong platform to deliver this.
“Recent improvements in our fashion offer and shopping experience are starting to show results, and the restructuring plan will enable us to align our store estate to our customers’ needs.
“We are grateful to our suppliers, landlords and other stakeholders for their constructive engagement and shared confidence in River Island’s future.”
Story Continues
As one of Britain’s best-known fashion chains, River Island was founded by Bernard Lewis, 99, and his brother David in 1948. Their first shop was in Hackney, East London.
The family fortune is estimated at £2.7bn, with a property portfolio that includes a luxury hotel in Palm Beach, Florida.
Bernard’s nephew Ben rejoined the business as chief executive earlier this year, having started as a store manager in 1990 before leading the business from 2010 to 2019.
The Lewis family had agreed a fresh £40m borrowing facility through their investment company, Blue Coast Capital, provided that its turnaround plan goes ahead. Blue Coast is its biggest lender, with debts totalling £270m.
The restructuring comes after a raft of shop closures at other high street retailers, including at Original Factory Shop and Hobbycraft. Landlords are also steeling themselves for scores of Poundland store closures in the coming weeks.
Frasers and Landsec have been contacted for comment. British Land declined to comment.
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| 19.07.25 07:22:47 |
Frasers Group Full Year 2025 Earnings: EPS: UK£0.66 (vs UK£0.90 in FY 2024) |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Frasers Group (LON:FRAS) Full Year 2025 Results
Key Financial Results
Revenue: UK£4.93b (down 11% from FY 2024). Net income: UK£285.8m (down 27% from FY 2024). Profit margin: 5.8% (down from 7.1% in FY 2024). EPS: UK£0.66 (down from UK£0.90 in FY 2024).
AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.LSE:FRAS Revenue and Expenses Breakdown July 19th 2025
All figures shown in the chart above are for the trailing 12 month (TTM) period
Frasers Group Earnings Insights
The primary driver behind last 12 months revenue was the Retail - UK Sports Retail segment contributing a total revenue of UK£2.70b (55% of total revenue). Notably, cost of sales worth UK£2.60b amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£1.81b (89% of total expenses). Explore how FRAS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail industry in the United Kingdom.
Performance of the British Specialty Retail industry.
The company's shares are up 5.9% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Frasers Group that you should be aware of before investing here.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 18.07.25 09:41:10 |
Frasers Group posts profit growth in FY25 but expects £50m budget hit |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
UK-based retailer Frasers Group has reported group revenue of £4.9bn ($6.5bn) in the fiscal year 2025 (FY25) - a 7.4% decrease from FY24.
Operating profit showed a rise of 8.2% to £557m, but reported profit before tax took a 24.3% downturn to £379.4m.
Both the retail gross margin and the group gross margin experienced an increase, with retail profit from trading climbing 2% to £747.3m. The rise is attributed to an enhanced product and retail mix which is expected to be sustainable.
However, group profit from trading saw a decrease of 2.5% to £808.9m.
In contrast, adjusted profit before tax (APBT) witnessed growth of 2.8%, reaching £560.2m.
UK sports retail declined 7.2% to £2.698bn and premium lifestyle by 14.8% to £1.048bn, while international retail saw a slight increase of 1.3% to £1.007bn.
Frasers Group chief executive Michael Murray stated: “I’m pleased with our performance this year, despite the headwinds caused by last year’s budget.”
The company stated that it is “building a broader platform for multi-year, sustainable profitable growth”.
It has strengthened its relationships with major brands such as Nike, Adidas and Hugo Boss, with Michael Murray appointed to the Hugo Boss supervisory board.
The group's acquisition integrations and automation synergies have realised £127.2m in savings, compensating for planned reductions in low-margin sales and the right-sizing of various brands.
Warehouse efficiency improvements have led to a £224.7m reduction in gross inventory, meeting the upper end of the target range.
Murray added: “We continued our strategy of confidently investing for the future, unlocking multiple opportunities for sustainable medium- to long-term growth. We accelerated our international expansion, announcing partnerships in Australia, Asia and EMEA [Europe, the Middle East and Africa], to further build Sports Direct into a truly worldwide proposition.
“We captured over £125m of synergies through strategic acquisition integrations and cost-savings, and continued to invest in real estate opportunities that deliver great value for the group.”
Frasers Group anticipates an improvement in UK consumer confidence and trading conditions in 2025.
The company is preparing for macroeconomic challenges and additional costs from 2024's budget but remains focused on efficiency and growth.
The expected APBT for FY26 is projected to be between £550m and £600m, excluding the results from the recent acquisition of XXL ASA.
Murray added: “For FY26 so far, we are seeing positive momentum across the group, including strong performance at Sports Direct – and we have big ambitions to continue to raise the bar. We are working hard to mitigate the £50m-plus of extra costs caused by last year’s budget, and we are currently expecting FY26 APBT in the range £550m to £600m.”
Story Continues
In June 2025, Frasers stepped back from acquiring cosmetics company Revolution Beauty.
"Frasers Group posts profit growth in FY25 but expects £50m budget hit" was originally created and published by Retail Insight Network, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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| 10.07.25 13:33:50 |
Mulberry raises £20m from shareholders after sales plunge lower |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Luxury fashion firm Mulberry (MUL.L) has raised £20 million from its largest shareholders as it revealed a plunge in sales over the past year.
Bosses at the handbag maker said it has made “significant progress” in its turnaround efforts, after being hit hard by a slowdown in luxury spending in recent years.
Last month, the company said it planned to launch a cash-call in order to help stabilise its finances amid a challenging backdrop.
On Thursday, the Somerset-based firm said Singapore-based Challice and Sports Direct-owner Frasers Group (FRAS.L), Mulberry’s two largest shareholders, supported a £20 million fundraise to provide the business with fresh capital.
It will also appoint James France from Frasers’ onto Mulberry’s board of directors.
It came as Mulberry revealed blamed the shrinking luxury market for a 21% slump in revenues to £120.4 million for the year to March 29.
This included a 20% fall in UK retail and digital revenues, after it was impacted by “macro-economic conditions, uncertainty and inflationary pressures which has affected consumer spend and habits”.
Mulberry saw underlying pre-tax losses grow to £23.7 million for the year as a result, compared with a £22.6 million loss a year earlier.
The business is currently undergoing a major turnaround plan under recently appointed boss Andrea Baldo.
The plan includes efforts to simplify its operations, including the closure of 12 loss-making shops in Asia, and a “refresh” of Mulberry’s brand identity.
Sales across the company declined 18% over the nine weeks June 1, matching board expectations.
Mr Baldo said: “We have made significant progress in laying the foundations for Mulberry’s turnaround.
“Since launching our Back to the Mulberry Spirit strategy in January, we have acted at pace to simplify the business, reduce costs, and refocus on our most profitable channels and markets.
“This is an ambitious transformation, underpinned by operational discipline and a commitment to placing creativity at the heart of everything we do.”
Shares in the company were 5% lower on Thursday afternoon.
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| 08.07.25 11:11:34 |
Those who invested in Frasers Group (LON:FRAS) five years ago are up 115% |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Frasers Group Plc (LON:FRAS) share price has soared 115% in the last half decade. Most would be very happy with that. It's also good to see the share price up 16% over the last quarter. But this could be related to the strong market, which is up 11% in the last three months.
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
During the five years of share price growth, Frasers Group moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).LSE:FRAS Earnings Per Share Growth July 8th 2025
It is of course excellent to see how Frasers Group has grown profits over the years, but the future is more important for shareholders. This free interactive report on Frasers Group's balance sheet strength is a great place to start, if you want to investigate the stock further.
A Different Perspective
Investors in Frasers Group had a tough year, with a total loss of 23%, against a market gain of about 9.0%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 17%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should be aware of the 2 warning signs we've spotted with Frasers Group .
We will like Frasers Group better if we see some big insider buys. While we wait, check out this freelist of undervalued stocks (mostly small caps) with considerable, recent, insider buying.
Story Continues
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 19.06.25 06:53:11 |
Frasers pulls out of bidding for Revolution Beauty after mulling takeover |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Mike Ashley’s Frasers Group (FRAS.L) has pulled out of the bidding process for Revolution Beauty (REVB.L), after the cosmetics retailer told shareholders it had been exploring a possible takeover.
Frasers, the retail giant which owns Sports Direct and Flannels, said it “now confirms that it does not intend to make an offer” to buy the business.
Revolution Beauty formally put itself up for sale last month after being approached by an unnamed suitor.
It later told investors that Frasers was “one of a number of parties conducting due diligence” before a potential bid.
Frasers’ withdrawal from the bidding war raises questions over the future of the troubled beauty brand.Frasers was founded by former Newcastle United owner Mike Ashley (PA)
Revolution Beauty, which sells make-up and cosmetics online and through concessions, had recently seen its shares slide to an all-time low in the face of tumbling sales.
Bosses had previously told investors they were reviewing its funding options before its current £32 million credit facility expires in October.
The company has faced a torrid few years amid leadership and accounting issues, including a dispute with its former boss and a tussle with one of its shareholders, fashion firm Debenhams (DEBS.L), under its previous Boohoo Group name.
Frasers has recently built up investments in a number of other retailers, including online specialist THG, which owns rival beauty brands including LookFantastic and Cult Beauty.
It also owns a raft of other brands including Jack Wills, USA Pro and I Saw It First.
Frasers was founded by business mogul Mike Ashley – the former owner of Newcastle United Football Club.
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| 18.03.25 12:20:06 |
Norwegian retailer XXL shares surge 37% as Frasers Group plans mandatory offer |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Norwegian retailer XXL shares surge 37% as Frasers Group plans mandatory offer
Investing.com - Shares in XXL ASA (OL:XXL) soared 36.94% on Tuesday after the UK's Frasers Group PLC (LON:FRAS) announced plans to make a mandatory offer for the remaining shares of the Norwegian retailer.
This decision follows XXL’s completion of a rights issue of new shares priced at 10 Norwegian kroner each, resulting in Frasers Group gaining control of 28,776,451 shares and an equal number of voting rights, the British company said.
Frasers Group shares rose by 2.08%.
The completion of the rights issue and subsequent registration of the share capital increase have obligated Frasers Group to extend an offer for all outstanding shares of XXL it does not already own, in accordance with the Norwegian Securities Trading Act.
The company did not disclose the exact terms of the mandatory offer.
The strategic move by Frasers Group, a UK-based retail giant, is expected to further consolidate its position in the sporting goods market, where XXL ASA is a prominent player in the Nordic region.
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