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Mike Ashley's Frasers braces for £200m hit from 'third wave' The retailers believes further restrictions could be imposed on the high street 9 April 2021 • 7:36am Sports Direct owner Frasers Group has warned it could take a hit in excess of £200m due to Covid-19 restrictions - double its previous estimate in February. The retailer said it believed further restrictions were "almost certain", and said that a writedown against freehold values and other non-cash impairments was required. The company added: "Frasers Group is continuing to assess the Covid-19 potential impact on asset values. "...

Sports Direct owner Frasers Group says could take a £200 million-plus hit due to the Covid-19 restrictions 09 April, 2021 01:00 SPORTS Direct owner Frasers Group has warned it could take a hit in excess of £200 million due to the Covid-19 restrictions - double its previous estimate in February. The retailer said it believes further restrictions are "almost certain", believing a writedown against freehold values and other non-cash impairments will be required. In an announcement to the London Stock Exchange, the firm added: "Frasers Group is continuing to assess the ...

Planet Ventures Inc. (​TSX-V: PXI; OTC: PNXPF; FSE: P6U1​) (“​Planet” ​or the “​Company​”) is pleased to announce that its wholly owned subsidiary, 1st11

© Getty Images Frasers Group’s shares plunged by 10% this week after it “sounded the alarm” on profits, says Laura Onita in The Daily Telegraph. The news followed store closures in London and swathes of the South East due to the new Tier 4 rules .  The retailer, which owns chains including Sports Direct, House of Fraser, Evans Cycles and Game Digital, said its previous guidance from earlier this month of a 20%-30% rise in annual profits was “unlikely to be achieved”. The new rules mean that many shops will be forced to close to customers yet again and there is a “high likelihoo...

Frasers Group issues profit warning over Tier 4 shutdown PA 21 December 2020, 7:40 am Mike Ashley’s Frasers retail empire has issued a profit warning, saying publicised guidance of a 20% to 30% boost in profits this year is unlikely to be achieved. The retailer, which includes high street names including Sports Direct, House of Fraser, Evans Cycles and Game Digital, had only made the commitment earlier this month. But the new Tier 4 rules introduced over the weekend have hit the business, with many stores forced to close to customers – although staff in stores are still expected to go in ...