REG - Frasers Group PLC - Frasers Group partnership with THG

FrasersAnnouncement

24/06/2024 07:15

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RNS Number : 4908T  Frasers Group PLC  24 June 2024

Frasers Group partnership with THG

Monday 24 June - Frasers Group plc ("the Group") and THG plc ("THG") have
entered a multi-year partnership that will mutually enhance retail operations
at both groups, aligning with Frasers Group's Elevation Strategy.

The partnership includes the integration of customer credit and loyalty
proposition, Frasers Plus into THG's Ingenuity platform, benefiting customers
across THG retail sites. This marks the first Frasers Plus partnership with an
external partner.

Frasers Group will also benefit from THG's courier management services to
drive the efficiency and performance of Frasers' Australian fulfilment and
logistics operations, supporting the Group's international expansion.

Frasers Group will also be acquiring THG's luxury brand portfolio including
Coggles, strengthening its Premium and Luxury portfolio, alongside FLANNELS.

Michael Murray, CEO Frasers Group said: "Today we are pleased to announce a
new strategic partnership with THG, which includes launching our consumer
credit and loyalty proposition, Frasers Plus across the THG Ingenuity
platform. This is an exciting step towards our Frasers Plus ambitions as we
look to expand its offering across additional third-party platforms. We are
looking forward to working with the THG team and unlocking further benefits
for both businesses."

Matthew Moulding, CEO of THG commented: "We are delighted to be partnering
with Frasers Group across a broad range of initiatives, in particular bringing
Frasers Plus to consumers shopping with Ingenuity clients, as well as to our
own retail sites including Lookfantastic, Cult Beauty and Myprotein. Our
luxury brand portfolio including Coggles has grown from a standing start
eleven years ago, and we are eager to watch it develop further as an Ingenuity
client. The success of Coggles has only been possible through the hard work
and dedication of THG's luxury team, to whom we all want to extend our thanks
and gratitude."

Ends

 

 

 FRASERS GROUP PLC
 Robert Palmer, Company Secretary              T. 0344 245 9200

 LEI: 213800JEGHHEAXIJDX34                     E. company.secretary@frasers.group (mailto:company.secretary@frasers.group)
 Chris Wootton, Chief Financial Officer        T. 0344 245 9200

                                               E. financial@frasers.group (mailto:financial@frasers.group)
 Ronnie Laffar, Group Head of Communications   T. 07931 841082

                                               E. fgpr@frasers.group (mailto:fgpr@frasers.group)
 Andrew Kasoulis, Investor Relations Director  T. 07826 532191

                                               E. investor.relations@frasers.group (mailto:investor.relations@frasers.group)
 Rosie Oddy, Brunswick Group, PR Advisors      T. 07734 861279

                                               E. frasersgroup@brunswickgroup.com (mailto:frasersgroup@brunswickgroup.com)

 

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