Frasers Group sells pair of US businesses

26th May 2022

Updated: 26th May 2022

shutterstock_400222735 — Credit: Shutterstock.com/ g-stockstudio

Frasers Group has disposed of its US retail businesses trading as Bobs Stores and Eastern Mountain Sports (EMS).

The businesses have been sold for a cash consideration of $70m to GoDigital Media Group (GDMG).

Frasers Group says the funds will go into its general working capital pool.

In a statement, Frasers Group said: “The board of FG is grateful to staff in Bobs and EMS for their loyal service and wishes these businesses every success for the future.”

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Frasers Group sells pair of US businesses

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