Frasers Group (GB:FRAS) has released an update.
Frasers Group PLC has announced a strategic multi-year partnership with THG PLC, aimed at enhancing retail operations and customer loyalty through the integration of Frasers Plus into THG’s Ingenuity platform. The collaboration will also see Frasers Group acquiring THG’s luxury brands, including Coggles, to bolster its premium offerings, and utilizing THG’s logistics services to improve its Australian operations. CEOs of both companies express enthusiasm for the partnership and the expected mutual benefits.
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