Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.
John Lewis has won the planning permission it wanted to allow it to convert almost half of its Oxford Street, London, flagship store into office space as part of its new strategy to return to sustainable profits.
Premium online fashion platform Cudoni has secured £4.6 million backing from key international investors, claiming the amount is the largest ever raised for investment within a UK fashion resale business.
Frasers was hurt by lockdowns at the end of its latest financial year but said its results had been on target prior to this. And the company's elevation strategy is continuing with a new focus on web elevation too.
Frasers’ execs may have been talking about potential store closures in recent periods, but the firm is also planning openings and has announced its first regional store since the pandemic began at Leicester's Fosse Park.