Frasers Group plc has opened the doors to its highly anticipated new three-story 90,000 sq.ft flagship store in Liverpool, bringing together Sports Direct and Everlast Gyms+ under one roof.Since 2022, Frasers Group has invested significantly into elevating Sports Direct as part of its wider Elevation Strategy across all of its brands, led by the Group’s CEO, Michael Murray, who was appointed in May of that year. The Liverpool store’s opening forms a key milestone in the next phase of the brand’s vision to r ...

Core Insights - Frasers Group has acquired a majority stake in The Webster, a luxury retailer in the US, known for its curated selection of over 100 luxury brands [1] - The Webster has experienced a 10% revenue growth and has expanded to 13 stores across North America [1] - The financial details of the acquisition remain undisclosed [1] Company Management - Laure Hériard Dubreuil, founder and CEO of The Webster, will retain a portion of shares and continue managing operations, indicating a commitment to the brand's vision [2] - Dubreuil described the acquisition as "the start of a new chapter" for The Webster, highlighting its growth over nearly two decades [2] Strategic Alignment - Dubreuil expressed confidence in Frasers Group as a partner, noting their alignment in approach and potential for digital innovation [3] - The acquisition is part of Frasers Group's elevation strategy to expand its portfolio and strengthen its luxury segment [3] Integration Plans - Frasers Group plans to integrate The Webster into its luxury division, Flannels, which already has over 80 stores in the UK and Ireland [4] - The Flannels division has established partnerships with luxury brands such as Moncler and Saint Laurent [4] Leadership Perspective - Michael Murray, CEO of Frasers Group, praised The Webster's unique concept and exceptional brand partnerships, emphasizing the exciting potential of this partnership [5] - The focus of the partnership will be on enhancing The Webster's digital, operational, and strategic development [5]