Frasers profits soar but group warns of Covid and supply chain headwinds

Flannels is owned by Newcastle United boss Mike Ashley

The department store group, headed by Mike Ashley, posted a 75.3% surge in pre-tax profit to £186m in the 26-week period to October 24.

Frasers Group, which operates the Sports Direct, Flannels and Frasers fascias, recorded revenue increases across all its divisions in the period.

 

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