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FRAS - Frasers News Story

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Last Trade - 4:05pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £2.82bn
Enterprise Value £3.80bn
Revenue £3.81bn
Position in Universe 262nd / 1819

UK retailer Frasers says lockdown charge could exceed 200 mln stg

Fri 9th April, 2021 7:16am
LONDON, April 9 (Reuters) - British sportswear retailer
Frasers will book a non-cash charge, which could be in excess of
200 million pounds ($274 million), in its 2020-21 results to
account for impairment of its assets during the latest COVID-19
lockdown, it said on Friday.
    Frasers  FRAS.L , controlled by Mike Ashley, previously
forecast a charge of potentially in excess of 100 million
pounds.
($1 = 0.7294 pounds)

 (Reporting by James Davey; Editing by Alex Richardson)
 ((james.davey@thomsonreuters.com))
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