Currys sells electrical products and provides aftercare service in the UK and Ireland. Credit: Elliott Brown/ Flickr (Creative Commons).

UK-based sportswear and fashion retailer Frasers Group has increased its stake in electricals retailer Currys.

Frasers raised its stake in the company from 10.4% to 11.1%. Financial terms of the transaction have not been disclosed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This comes after Reuters reported last week that Currys was exploring “a number of avenues” for possible partnership with Frasers.

Currys CEO Alex Baldock told the news agency: “We share a vision for omnichannel retail – we both like stores, we both like online, we both like them together, and when it comes to partnering with the technology space which they want to do, we’re the natural choice. This is a potentially interesting partnership that we’ve started discussions on.

“There’s a number of avenues that we’re exploring.”

Last month, the sportswear and fashion retailer acquired a 5.01% stake in online fashion seller boohoo and an 8.9% stake in Currys.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Currys operates a network of 823 stores and online channels in eight countries. It also operates advanced repair facilities in Newark, UK and a sourcing office in Hong Kong.

The company trades as Currys in the UK & Ireland, under the Elkjøp brand in the Nordics, and as Kotsovolos in Greece. It has 28,000 employees.

Last week, Currys reported a 6% decline in revenue to £9.5bn ($12.1bn) for fiscal year 2022-23, compared to £10.1bn in fiscal year 2021-22.