Published: July 16, 2026 at 9:07 am
Frasers Group plc has reported an increase in revenue following acquisitions and international growth – but saw sales in its core UK Sports Direct business fall last year.
For the 52 weeks ended 26th April 2026, group revenue was up 8.7% to £5.3 billion, driven by international revenue growth of 59.2%. However sales in its UK sports division fell 4.7% and premium lifestyle dropped 6.9%.
Frasers, which owns House of Fraser and Flannels, saw overall retail growth of 8.3% to £5.1bn, while its property arm grew 55.1% to £96m and financial services – including Frasers Plus – fell 5.7% to £80.4m.
It was reported yesterday by Sky News that Mike Ashley’s retail and property group had entered the auction for the struggling iconic luxury department store Harvey Nichols despite objections from its brand partners.
Frasers, also looking to take over Hugo Boss, is tempted by the flagship Knightsbridge store, while ‘Harvey Nicks’ also has more than a dozen international locations.