Frasers Group Acquires Scottish Retailer Greaves Sports
Frasers Group has acquired Greaves Sports, a Glasgow-based sports retailer with nearly a century of operations. The acquisition maintains the Greaves brand identity and assures continuity for customers through its physical store on Gordon Street and online platform. Frasers emphasized that this move reinforces their commitment to Scotland while enhancing customer choice and in-store experiences. Frasers Group reported an 8.7% year-on-year revenue increase, reaching £5.33 billion ($7.16 billion) for fiscal year 2026, driven by international expansion and improved margins across its core retail brands. International sales grew by 59.2%, helping offset weaker consumer confidence and inventory challenges in the latter half of FY26. The acquisition follows Frasers' recent attempt to fully acquire Hugo Boss with a €1.98 billion ($2.65 billion) offer, though this has been met with skepticism from Hugo Boss's board regarding valuation.
Topics: acquisition Frasers Group Greaves Sports retail