Close this search box.

Frasers Group places 200 jobs at risk

Frasers Group

Frasers Group is to cut around 200 jobs at its London and Shirebrook head offices in a bid to cut costs across its business.

The group, which owns Sports Direct and Flannels, has entered a consultation period, resulting in 20% of its head office workforce at risk of redundancy.

The move is part of the company’s plan to streamline its operations following the acquisition of five fashion brands from JD Sports. These brands included Tessuti, Scotts, Choice, Giulio and Cricket.

Click here to sign up for our newsletter

“Frasers Group has gone through significant change over the last year, having made a number of strategic acquisitions and accelerated progress against the elevation strategy,” the group said.

“We are reviewing our team structures to identify efficiencies and streamline processes, and we have entered a consultation period with colleagues affected by these changes.

“The changes will ensure we have the right structure and talent to support continuing profitable growth for Frasers Group.”

The news comes as The CEO of Frasers Group Michael Murray revealed luxury retailer Flannels is “not as scalable” as Sports Direct.

Murray, who took over the parent company of the two retailers from Retail tycoon Mike Ashley, revealed, despite Flannels being his “pride and joy”, Sports Direct is already expanding internationally, including into Asia.

Read More

Register for Newsletter

Group 4 Copy 3Created with Sketch.

Receive 3 newsletters per week

Group 3Created with Sketch.

Gain access to all Top500 research

Group 4Created with Sketch.

Personalise your experience on