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History. The early years. Fraser & Sons. 1950s to 1970s. 1980–1985. 1985–2006: Al Fayed ownership. 2006–2014: Highland Group Holdings. 2014–2018: Sanpower Group ownership. 2018: Administration. 2018–present: Sports Direct and Frasers Group PLC. Current branches. Frasers. Future closures. Former brands and branches. Former regional groups.
Jul 21, 2022 · Frasers Group owner Mike Ashley. Mike Ashley's company Frasers Group has gained a solid reputation for its high profile business dealings. The retail mogul - estimated to be worth around £2.14bn - has taken full advantage of the lengthy retail crisis by snapping up struggling firms and adding them to his ever growing list of businesses.
- The Early Years
- Fraser & Sons
- Growth and Expansion
- 1950's Until 1970's
- 1980's
- Late 1980's and 1990's
The company was founded in 1849, when partners Hugh Fraser and James Arthur opened a small drapery shop on the corner of Argyle Street and Buchanan Street in Glasgow. The business premises required extensive alteration to create a new access point from Buchanan Street.Hugh Fraser was born in 1815, the son of a Dunbartonshire farmer. He was apprenti...
Hugh Fraser (the first) died in 1873 and under the terms of his will each of his five sons was given the chance to purchase a share in the business for the sum of £8,000. The three eldest sons, James, John and Hugh, eventually did so, although all were minors when their father died, so the trustees watched after their interests until they came of a...
Hugh Fraser II was an excellent businessman and he consolidated the company's position. His son, Hugh Fraser III, who took over the company after the death of his father in 1927, wanted to build on the strong base his father had left and undertake ambitious expansion for the company. Hugh Fraser III was born in 1903 and initially started to train a...
When the company, now named House of Fraser, went public in 1948, it already comprised sixteen different Scottish branches. It was not until 1951, when the company purchased McDonalds Ltd, ironically where Hugh Fraser I had completed his apprenticeship, that they had an outlet in England. Although McDonalds Ltd was a Scottish company it also had a ...
The early 1980's were difficult years with an economic recession and fierce competition in the high street, compounded by the LONRHO Group's attempt to intervene in the running of the company's affairs. In 1981 Professor Roland Smith replaced Sir Hugh Fraser as chairman. A takeover bid by LONRHO was referred to the Monopolies and Mergers Commission...
In March 1985, House of Fraser was purchased by the Al Fayed family in a £615 million deal. The Al Fayeds owned important international shipping, oil, banking and property businesses and supported the continuing expansion of the company and the introduction of a new corporate identity. In 1985, the stag's head logo of the company was replaced by a ...
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. The company is best known for trading predominantly under the Sports Direct brand which operates both physical outlets and online.
Company history. Fraser Sons & Co was established in 1875 to carry on the business of Fraser & McLaren, drapers, of Glasgow, following the retirement of Alexander McLaren from the partnership. The partners sold drapery, house furnishings and carpets and owned warehouses on a site between Argyle Street and Buchanan Street.
Jun 15, 2023 · Businessman 'who owned almost every Wimpy in Scotland' dies aged 66. Prominent Inverness businessman Barry Larsen died on June 11 in the care of Highland Hospice. William T. Fraser & Son via...
D Hourston & Sons of Ayr was acquired in May 1949. House of Fraser Ltd now comprised sixteen different Scottish branches. In 1951, it took over the Glasgow firm of McDonalds Ltd. McDonalds' branch, E J Clarke, of Harrogate, Yorkshire, provided the company with its first outlet in England.
