RCS - Frasers Group PLC - Store Closures during COVID-19

FrasersAnnouncement

06/11/2020 15:10

RNS Number : 5648E
  
Frasers Group PLC
  
06 November 2020
  
 

Date: 06 November 2020
FRASERS GROUP PLC 
(the "Company")
 
STORE CLOSURES DURING COVID-19
Following various new lockdown restrictions across in the territories in which the Frasers Group operates, we are clarifying to the market current closures:
 



Country


Shop Closure Date


Expected to open




Belgium


02/11/2020


15/12/2020




Czech Republic


22/10/2020


20/11/2020




France


30/10/2020


01/12/2020




Republic of Ireland


22/10/2020


01/12/2020




Poland


07/11/2020


28/11/2020




Slovenia


24/10/2020


08/11/2020



 
In the UK, our stores in Northern Ireland and Scotland remain open. In Wales, stores are currently closed but are expected to open on Monday 9 November 2020, albeit subject to further announcements.
 
In England, stores closed from 5 November 2020 and are currently expected to reopen when current regulations expire after 28 days. The Government finally updated mixed retail rules for England yesterday, Thursday 6 November 2020. We note inconsistencies remain and, given Michael Gove MP chose to perform a PR stunt on TV to deflect the public's opprobrium onto Frasers Group at the start of the previous lockdown, we currently will not be opening any of our fascias in England, including those with mixed retail use that include 'essential retail.' 
 
In our opinion, based on the fact that, amongst other matters, the Government has been unwilling, over a period of 6 months, to even clarify what it believes a "bicycle shop" is, the likes of Mr Gove are failing to provide the leadership and guidance that businesses require. Even the chaotic demises of BHS and Debenhams seem to us to be a picnic when compared to the systematic and risible mismanagement of Covid-19 by Mr Gove and his cohorts, which is causing devastation in particular to the retail sector.
 
-Ends-



Frasers Group plc
Tom Piper, Company Secretary
LEI: 213800JEGHHEAXIJDX34


 
T. 0344 245 9200
E. investor.relations@frasers.group 
 



 

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