Frasers Group Plc. £FRAS - A Valuation on 9th July 2021

A speciality retailer with an eccentric boss. They are reinvesting in their estate while expanding. Once they have integrated the new businesses into their logistics chain, margins will improve.

Frasers Group retails sports and leisure clothing, footwear, equipment, and apparel through department stores, shops, and online in the United Kingdom and international markets.

The company operates through five segments:

• UK Sports Retail — 56.6% of revenue — Core sports retail stores in the UK, plus all the group's sports retail online businesses, gyms,…