Frasers Group is reportedly on the brink of acquiring the online luxury platform Coggles from THG, marking a significant shift in the e-commerce landscape.
- The deal is in advanced discussions and may be formally announced soon, strengthening Frasers Group’s foothold in the luxury sector.
- Coggles, which began as an independent boutique in 1974, was acquired by THG in 2013 following administration troubles.
- THG is divesting non-core assets, following recent sales including ProBikeKit and focusing on other strategic sectors.
- Neither Frasers Group nor THG have provided official comments on the prospective acquisition.
Frasers Group is reportedly in advanced negotiations to acquire Coggles, currently owned by The Hut Group (THG). Sources suggest that the official announcement of this acquisition could be made in the coming days, marking a continuation of Frasers Group’s strategic expansion into the luxury market.
Established in 1974 by Victoria Bage in York, Coggles operated as an independent boutique before being acquired by THG out of administration in 2013. The platform now hosts over 200 designer brands for men’s and women’s fashion, including eminent names like Balenciaga, Gucci, and Max Mara.
This potential acquisition is part of THG’s broader strategy to divest non-core businesses while concentrating on its primary interests such as nutrition and beauty. Recently, THG sold ProBikeKit to Frasers Group and transferred its lifestyle division management with backing from Gordon Brothers.
In December, Frasers Group acquired luxury fashion retailer Matches for £52 million, although it subsequently went into administration three months later, before Frasers purchased its intellectual property. This pattern of acquisitions underscores Frasers Group’s aggressive expansion strategy in the fashion retail sector.
Neither THG nor Frasers Group have commented directly on the Coggles deal, maintaining silence despite inquiries. This lack of public commentary leaves room for speculation about the future direction and strategic intentions behind the acquisition.
The prospective acquisition of Coggles by Frasers Group illustrates a significant move in the retail sector, aligning with broader consolidation trends.
