Frasers Group profits surge 53% from acquisitions
What: Half-year profits surged 53% to 284.6 million pounds as Frasers Group’s new acquisitions helped boost sales.
Why it is important: Frasers said UK sports retail revenue increased by 11.6% thanks to the acquisition of Studio Retail, premium lifestyle revenue increased by 24.7% thanks to the growth of Flannels and its online expansion, while sales across the group increased by 12.7%. Excluding acquisitions, Frasers Group revenue increased by 22.2%.
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