Frasers Group is looking to invest £600m in a new distribution centre and offices in Coventry over the next ten years, the retailer has revealed.
Subject to planning, the proposals are said to be in support of Frasers’ continued growth and ambition.
The Shirebrook-based company, which owns household names such as Sports Direct, House of Fraser, and Game, has recently purchased the site for this development, which follows its acquisition of Coventry Building Society Arena.
It comes after Frasers earlier this year announced major investment plans for a Global Headquarters Campus at Ansty in Rugby, Warwickshire, raising questions over the future of the firm’s current Shirebrook base.
Yesterday the businesses reported a “robust set of first half results,” with group revenue of £2.6bn, up from £2.3bn in same period last year, while reported profit before tax hit £284.6m, up 53% from £186m.
