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Net income. £ 501.3 million (2023)[2] Owner. Mike Ashley (61.7%) Number of employees. 30,000 (2024) [3] Website. frasers.group. Frasers Group plc (formerly known as Sports Direct International plc) is a British retail, sport and intellectual property group, named after its ownership of the department store chain House of Fraser.
In 2019, there were more than 400 Sports Direct, Lillywhites, and USC stores in the United Kingdom and employed more than 20,000 people across the UK, Ireland, Belgium and Slovenia. [citation needed] Sports Direct acquired a 38.5% stake in retailer Game Digital [24] and, in June 2019, Ashley placed a £52 million bid to buy The Times. [24]
Sports Direct started trading in 1982 with a single brick-and-mortar store [1] but has recently grown rapidly aided by a bricks and clicks business model. [2] Omnichannel retail strategy, originally also known in the U.K. as bricks and clicks, [citation needed] is a business model by which a company integrates both offline (bricks) and online ...
2009 saw expansion into Europe which led to German language and later French language sites being created. In 2014, according to the reports, Danish fashion group Bestseller purchased MandM Direct Ltd for £140 million ($235 million). [8] The company was a back-of-the-shirt sponsor for Hereford United until 2012. [9]
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In October 2015 Forsey was charged with a criminal offence for consultation failures over USC staff who only had 15 minutes notice of redundancy. [4] [5] In September 2016, Forsey resigned as chief executive of Sports Direct. [2] [6] [7] In May 2017 The Sunday Times reported that Forsey will be prosecuted over the collapse of USC.
Number of employees. 2,177. Parent. Sports Direct. Website. www.republic.co.uk. Republic was a clothing retailer with 121 stores in the United Kingdom. [1] In February 2013, it entered administration, and was purchased by Sports Direct. [2] Republic was merged into Sports Direct's USC brand.