Frasers Group PLC Frasers Group partnership with THG
24 6월 2024 - 3:15PM
RNS Regulatory News
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
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