188 Frasers Group (formerly Sports Direct) has acquired shares in premium fashion brands of JD Sports for £47.5 million ($57.7 million) using existing cash resources. The acquisition includes shares in brands such as Pretty Green, Cricket, and Topgrade Sportswear, and the deal for eight of the businesses and all debt owed by the divested brands to JD Sports has closed immediately, with completion for the remaining businesses expected early next year. Frasers has recently increased its stake in Hugo Boss and acquired a 5% stake in ASOS. You Might Be Interested In CEOs of Exxon and Chevron Advocate for Clear Rules Regarding US Clean Energy Subsidies AI Scaling Growth From Citizen Management To Customer Support: Experts Hyundai and Kia’s Financing Arm Settles Charges of Illegally Repossessing Vehicles Belonging to Service Members Visa Names Shruti Gupta VP for Commercial & Money Movement Solutions, India and South Asia AIIMS cyber attack | Investigations dig deep amidst the chaos Wanda Austin Joins Apple’s Board of Directors
