Frasers Group sales fall amid ‘challenging’ luxury market and retreat from gaming - short news
Pre-tax profits fall 24% despite rise in Sports Direct sales, driven by closures of House of Fraser and Game stores
A “challenging” luxury market and retreat from gaming have prompted a fall in sales and profits at Mike Ashley’s Frasers.
The group, which is majority owned by the billionaire former Newcastle United owner, said sales fell by 7.4% to £4.7bn and pre-tax profits slid by 24% to £379.5m as it closed some of its House of Fraser department stores and Game video..
source: The Guardian - 17.07.2025