Frasers Group has launched a new luxury division to accelerate its expansion in high-end retail, combining its existing assets with strategic investments and digital capabilities. The move extends the company’s reach beyond its core markets in the U.K. and the U.S., positioning it to compete globally.
The division consolidates Frasers Group’s luxury holdings, including majority stakes in Mulberry and Hugo Boss, a minority share in Burberry, and full ownership of Harvey Nichols, Flannels, and The Webster. These brands—operating across 100+ stores in the U.K. and the U.S., will now operate under a unified strategy, leveraging the group’s retail expertise and long-standing partnerships.
Michael Murray, CEO of Frasers Group, called the division a natural evolution of the company’s decade-long focus on luxury. “The luxury sector has been a key pillar for Frasers Group for over a decade, starting with Flannels, and has grown into a profitable ecosystem worth over £1 billion in just ten years,” he said. “With this structure, we’re not just expanding; we’re building a platform for acquisitions and investments that create lasting value for brands, customers, and the group.”
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Recent moves highlight the shift. Frasers Group took a majority stake in The Webster to enter the U.S. luxury market, followed by the acquisition of Harvey Nichols, a landmark deal that reinforced its standing in high-end retail.
The group is now investing heavily in Harvey Nichols’ flagship stores in London, Manchester, and Edinburgh, while expanding its U.S. footprint, including an upcoming relaunch of Bal Harbour Shops West in Florida.
Julia Goddard, CEO of Harvey Nichols, welcomed the partnership, citing Frasers Group’s operational depth and sector knowledge as key advantages. “Their ability to merge heritage with innovation gives us confidence to invest in our long-term growth.”
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