Frasers Group has launched Frasers Group Luxury, bringing together U.K. luxury retailers Flannels and Harvey Nichols with Miami-founded multibrand retailer The Webster.
The group marked the launch on Oct. 5 with its first luxury-focused event during Paris Fashion Week, according to Vogue Business.
Frasers Group Luxury brings together retailers including Flannels, Harvey Nichols and The Webster. Image credit: Frasers Group
Frasers describes the new division as a platform for strategic brand partnerships, designed to help labels reach new customers and markets while supporting their international growth.
The group acquired The Webster about a year ago and added Harvey Nichols to its portfolio in August. Since then, Frasers has also acquired the Harvey Nichols properties in Edinburgh and Manchester. The Manchester location is scheduled for refurbishment next year, while the Bristol and Leeds stores are planned to be converted into Flannels locations.
The Webster is also expanding its physical presence. The retailer is expected to open a new flagship in Bal Harbour in November, while Frasers has acquired its South Beach and SoHo properties for potential future investment.
Harvey Nichols’ Knightsbridge flagship. Image credit: Harvey Nichols
Beyond its retail businesses, Frasers holds a 47.89 percent stake in Boss, where Frasers CEO Michael Murray serves as chairman of the supervisory board. The group also has stakes in Mulberry and Burberry.
Flannels has become a major contributor to the group, generating more than £1 billion in annual revenue.
Frasers’ acquisition of Harvey Nichols from administrators in August, reportedly for $54 million, brought six U.K. stores and more than 1,000 employees into the group.
With Flannels, Harvey Nichols and The Webster now under one umbrella, Frasers is positioning its luxury division as a platform for expanding brand relationships and international reach.
