REG - Frasers Group PLC - STRATEGIC INVESTMENTS IN BOOHOO AND CURRYS

FrasersAnnouncement

20/06/2023 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230620:nRST3091Da&default-theme=true

RNS Number : 3091D  Frasers Group PLC  20 June 2023

STRATEGIC INVESTMENTS IN BOOHOO AND CURRYS

 

Driving growth through strategic investments is a core part of Frasers' DNA.
Under Michael Murray's leadership, we continue to build on our long track
record of establishing supportive shareholder positions in attractive retail
companies. We have a clear strategy to identify opportunities to invest in
businesses which complement our existing sport, premium and luxury businesses,
or help us to build and further utilise our sector-leading ecosystem.

 

Boohoo is an attractive proposition to us with its laser focus on young female
consumers. We see potential synergies and an opportunity to strengthen our own
brand proposition in collaboration with Boo Hoo, most obviously with Frasers
Group brands I Saw It First and Missguided.

 

Our investment in Currys provides us with a valuable opportunity to build on
our foothold in the electricals industry as well as deepening the existing
relationship between Currys and Studio, with the potential for
further collaboration between the two. Through this investment, we also
believe Currys will benefit from Frasers' deep retail know-how and our
sector-leading ecosystem.

 

 

 

 Frasers Group plc

 Robert Palmer, Company Secretary                 T. 0344 245 9200

 LEI: 213800JEGHHEAXIJDX34                        E. company.secretary@frasers.group

 Chris Wootton, Chief Financial Officer           T. 0344 245 9200

                                                  E. financial@frasers.group

 Ronnie Laffar, Head of PR & Communications       T. 07585 886189

                                                  E. fgpr@frasers.group

 Andrew Kasoulis, Investor Relations Director     T. 0344 245 9200

                                                  E. investor.relations@frasers.group

 Rosie Oddy, Brunswick Group, PR Advisors         T. 07734 861279

                                                  E. frasersgroup@brunswickgroup.com

 Barclays Bank PLC, acting through its Investment Bank

 Nicola Tennent                                   T. 020 7623 2323

 Stuart Muress

 Numis                                            T. 020 7260 1000

 Luke Bordewich

 Stuart Ord

 Ollie Steele

 Liberum                                          T. 020 3100 2000

 John Fishley

 Kane Collins

 Nikhil Varghese

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEANKEADLDEEA