Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Frasers to open more than 350 Sports Direct stores in Southeast Asia, India

(Sharecast News) - Mike Ashley's Frasers Group said on Monday that it was planning to open more than 350 Sports Direct stores in Southeast Asia and India as it expends its existing partnership with MAP Active, a sports, fashion and distributor operator in south Asia. The company said it will utilise MAP Active's infrastructure, local expertise and distributed brands to position Sports Direct "as the premier sports retailer in the region".

"With support from Frasers Group's major brand partners, this expansion will set a new benchmark for the sports retail sector in these markets," it said.

This latest strategic partnership will see Sports Direct expand further into Indonesia, as well as enter India, the Philippines, Thailand, Vietnam and Cambodia.

Chief executive Michael Murray said: "We're excited to announce further expansion of our successful partnership with MAP Active to five dynamic new markets where we see potential for long-term growth.

"Building on Sports Direct's proven sports retail proposition and MAP Active's market expertise, we look forward to growing our footprint and offering best-in-class brands to consumers in the region."

Share this article

Related Sharecast Articles

BlackRock posts jump in third-quarter profit
(Sharecast News) - BlackRock reported a rise in third-quarter profit on Wednesday as assets under management grew.
Morgan Stanley reports solid Q3 earnings beat
(Sharecast News) - Morgan Stanley posted a solid third‑quarter beat on Wednesday, driven by a standout performance in its equities trading unit.
Morgan Stanley reports solid Q3 earnings beat
(Sharecast News) - Morgan Stanley posted a solid third‑quarter beat on Wednesday, driven by a standout performance in its equities trading unit.
Thursday preview: TSMC results, UK GDP in focus
(Sharecast News) - Thursday will see the release of a first-quarter trading update from homeware retailer Dunelm and UK GDP data.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.