Tuesday, August 16, 2022

Frasers Group sells pair of US businesses

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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