Frasers Group acquires Frenchgate Centre in Doncaster [Yahoo! Finance]
TJX Companies, Inc. (The) (TJX)
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Source: Yahoo! Finance
The move signifies Frasers Group's commitment to investing in physical retail spaces and reinvigorating high streets across the UK. The financial details of the acquisition were not disclosed. According to the BBC , Frasers Group CEO Michael Murray, a Doncaster native, highlighted the purchase as a demonstration of the company's belief in the future of physical retail. “The acquisition of Frenchgate Centre in Doncaster further demonstrates the group's commitment to investing in bricks and mortar," said Murray. "We are committed to reinventing retail and injecting new life into high streets across the UK to bring the very best brands, environment, and experience to customers across the country.” The acquisition allows Frasers Group to expand its existing Sports Direct store within the complex and introduce other group brands such as USC and Evans Cycles. This strategic move strengthens the group's presence in the Doncaster market and broadens the retail offering for local
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