Flannels

Following Frasers Group’s latest profit uplift, Drapers speaks with its chief financial officer Chris Wootton about how the business is navigating the luxury slowdown and which divisions will drive future growth for the group.

Frasers Group has reported a 13.1% rise in adjusted profit before tax to £544.8m in the year to 28 April 2024 despite a revenue dip as it continues to drive its "elevation strategy".

Frasers Group-owned Flannels has partnered with luxury reseller Sellier to roll out permanent concessions in its stores in Belfast, Liverpool and Glasgow following pop-ups last year.

Premium menswear independent Aphrodite in Sunderland is closing down after 30 years following Frasers Group's acquisition in April, Drapers has learned.

Frasers Group has appointed administrators to Kids Cavern and Base Childrenswear, which it acquired from JD Sports in December 2022 in a deal worth £47.5m.

Frasers Group has acquired five-store premium menswear independent John Anthony for an undisclosed sum, Drapers can reveal.

Frasers Group has opened a Flannels flagship, a Sports Direct store and an Everlast Gym today (16 November) in the former Debenhams space at the Metrocentre shopping centre in Gateshead.

The retailer's Christmas campaign, titled "We Are The Party", has launched in store along with new category, Flannels Home.

Frasers Group-owned Flannels is set to open a Norwich branch next year. Drapers speaks with independents in current and soon-to-be Flannels locations, as well as brands stocked by the luxury retailer, to decipher what the group’s expansion plans mean for local trade.

Frasers Group's luxury retailer Flannels will open a store in Norwich next year, Drapers can exclusively reveal.