Frasers vs Next: How big are their growing retail empires?
Retail Gazette
OCTOBER 19, 2023
Frasers Group stated that at the time of the acquisition, that the online fast fashion retailer owed £13m to its shareholders. The brand needed the loan while it sold through excess stock it was left with after shipping issues peak last year caused delivery delays. Next plans to relaunch Joules in October.
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