1359 GMT - Frasers Group needs to manage the decline of several brands, Shore Capital analysts David Hughes and Clive Black write in a research note. The U.K. sports-fashion retailer has driven success in some of its historic mergers and acquisitions activity, but investments in both property and retail brands might prove more of a distraction than a benefit, the analysts say. Given weakness in U.K. discretionary consumer demand, these acquisitions represent an unnecessary exposure to this challenging market, they add. Instead, the analysts view the company's expansion in sportswear and luxury apparel as positive. Shares are up 0.5% at 624 pence. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 08:59 ET (13:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.