Frasers Group Mulls SilkFred Bid

Frasers Group considers SilkFred bid as M&A push continues - InternetRetailing

Frasers Group is reportedly considering a bid for fashion marketplace SilkFred, which entered administration in October. The move would be the latest step in its aggressive mergers-and-acquisitions strategy. In recent weeks, Frasers boosted its stake in ASOS to nearly 26%, cementing its position as the second-largest shareholder, and acquired Swindon Designer Outlet, one of the UK’s top five outlet centres by footfall. CEO Michael Murray has spo…

Frasers Group mulls SilkFred bid

Frasers Group is reportedly considering placing a bid for fashion marketplace SilkFred. The move comes after SilkFred entered administration in October, appointing advisory firm Quantuma as its administrators. Frasers Group is believed to be the biggest fashion retail business to circle SilkFred, Drapers reported. Related Story Uniqlo’s Glasgow flagship sold for £9m 15/1…