(Alliance News) - The Times on Saturday reported that Frasers Group PLC is mulling to buy two shopping centres in Great Britain for a total of GBP100 million. Frasers is a Shirebrook, England-based owner of Sports Direct, Frasers and Flannels retail chains. The Times said Frasers is in advanced talks to buy The Mall in Luton in Bedfordshire, England, from Wells Fargo Co for GBP70 million. https://www.thetimes.co.uk/article/mike-ashley-swoops-for-shopping-centres-zdkr5b635Further, Frasers is considering to buy the Overgate centre in Dundee, Scotland from another potential seller, for about GBP30 million. In January, it increased its stake in Manchester-based clothing and footwear retailer N Brown Group PLC to 18% from 5.0%.

Source: The Times February 07, 2023 00:23 UTC