Frasers Group acquires Greaves Sports

The retailer operates retired of 1 carnal store successful Glasgow and its e-commerce website.

The institution has been successful cognition for 96 years.

"We tin reassure our customers that our Gordon Street store and online store volition stay nether the Greaves Sports marque you know, with the aforesaid levels of work and expertise we've strived to supply for astir 100 years," Greaves Sports said successful its authoritative statement.

It besides assured each acquisition cards and loyalty points accumulated would stay valid.
"We proceed to guarantee our customers, caller and old, are unaffected by these developments. Whether you're browsing our immense scope of products and sport-specialist services online, oregon visiting our affable unit astatine our Glasgow store, the Greaves marque of friendly, adept proposal volition continue."

Frasers Group tells Just Style the acquisition reinforces its "commitment to investing successful Scotland and providing customers with greater prime and enhanced in-store experiences whilst further strengthening our store portfolio."

The conglomerate besides confirms that it volition proceed to commercialized nether Greaves' branding.

Frasers Group precocious announced an 8.7% year-on-year (YoY) summation successful gross to £5.33bn ($7.16bn) for fiscal twelvemonth 2026 (FY26), chiefly driven by planetary enlargement and improved margins crossed its halfway retail brands.

For the 52 weeks ending 26 April 2026, Frasers' planetary gross grew by 59.2%, helping to offset subdued trading conditions, lingering industry-wide inventory challenges, and weaker user assurance done the second fractional of the fiscal twelvemonth and into the commencement of FY27.

Last month, Frasers Group, which holds a 26% involvement successful Hugo Boss, initiated a voluntary nationalist currency connection to get afloat ownership of the company, valuing the projected transaction astatine astir €1.98bn ($2.65bn).

But earlier this period the boards astatine Hugo Boss stated that the offered terms of €38.00 per stock does not adequately bespeak Hugo Boss's intrinsic worth oregon its medium- to semipermanent maturation potential.

Commenting connected Frasers Group's caller results and activity, David Hughes of Shore Capital noted that gross borderline benefited from a higher stock of sales. While M&A drove higher revenues, trading margins were deed by impairments to acquired assets.

"All of this paints a representation of a concern wherever the interaction of a past of M&A enactment continues to unreality the spot of the core.

"£217m of impairments, including afloat goodwill write-downs astatine XXL and Twinsport, and a partial write-down astatine Holdsport, drove an operating loss. While these charges are non-cash and should not repetition astatine the aforesaid level, the information that they person travel truthful soon aft the deals were completed does rise questions for america astir the magnitude spent connected these deals fixed the acquisition pricing. The strategical extremity to physique planetary standard is clear, but Frasers present needs to beryllium it tin construe specified standard into nett growth."

"Frasers Group acquires Greaves Sports" was primitively created and published by Just Style, a GlobalData owned brand.