Frasers’ execs may have been talking about potential store closures in recent periods, but the firm is also planning openings and has announced its first regional store since the pandemic began at Leicester's Fosse Park.
The news this month that Lord Andrew Tyrie, the chair of the Competition and Markets Authority (CMA), would exit his role was driven by a major clash with the CMA’s top executive Andrea Coscelli, a report has claimed.
There's speculation that a successful sale of Newcastle United football club for £300 million could release cash for Frasers Group boss Mike Ashley to invest into the retail business and to buy more distressed brands.
JD Sports has reacted angrily after the competition watchdog decided to ban its Footasylum buy. Given that the company has already taken control of its smaller peer, it means it now has to sell the Footasylum business.
The chairman of JD Sports has slammed the CMA’s "fundamentally flawed" assessment of the UK sports retail market, saying it demonstrates a "complete misunderstanding" of how consumers shop on a national scale.