What: Frasers Group has acquired John Anthony, a premium menswear retailer, with five stores situated in south-west England and an online store.

Why it is important: The acquisition of John Anthony adds to Frasers Group's expansion strategy and portfolio of businesses in the retail and fashion industry.

The retailer, established for 44 years, is known for offering designer collections from both new and established labels, including brands like Acne Studios, Fred Perry, and Vivienne Westwood.

Frasers Group has a history of purchasing businesses at bargain prices, with recent acquisitions including major stakes in Boohoo Group, N Brown, and ASOS, as well as a takeover of MySale, JD Sports brands, and others. Speculation surrounds the future of the John Anthony name, as it remains unclear if it will continue or be integrated into one of Frasers' other operations

Frasers Group acquires premium menswear retailer John Anthony