An update from Frasers Group ( (GB:FRAS) ) is now available.
Frasers Group has announced a strategic partnership with GMG to expand its retail presence in the Gulf region and Egypt, with plans to open 50 new Sports Direct stores over the next five years. This partnership leverages GMG’s extensive market knowledge and distribution capabilities, aiming to strengthen Frasers’ position in the sports retail industry and enhance its growth potential in these regions.
More about Frasers Group
Frasers Group plc, originally founded in 1982 as a small store in Maidenhead, has evolved into a global retail powerhouse. Known for its pioneering approach to retail, the company provides access to premium sports, luxury, and lifestyle brands, and is committed to digital innovation and unique consumer experiences. Sports Direct, a leading brand under Frasers, offers a wide range of sports and fitness products aimed at inspiring and supporting athletes of all levels.
YTD Price Performance: 1.97%
Average Trading Volume: 509,312
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.58B
For an in-depth examination of FRAS stock, go to TipRanks’ Stock Analysis page.