Frasers Group buys Studio Retail Group
What: Frasers Group acquired the Studio Retail Group’s online retailer Studio Retail Limited.
Why is it important: Frasers has paid GBP 26.8 million for the business. It's certainly an interesting development and could be a good deal for Frasers given that Studio Retail had previously been on what appeared to be an upward trajectory. The company was increasingly upbeat last year until it was faced with issues such as over-optimistic ordering and supply chain problems.
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