1359 GMT - Frasers Group needs to manage the decline of several brands, Shore Capital analysts David Hughes and Clive Black write in a research note. The U.K. sports-fashion retailer has driven success in some of its historic mergers and acquisitions activity, but investments in both property and retail brands might prove more of a distraction than a benefit, the analysts say. Given weakness in U.K. discretionary consumer demand, these acquisitions represent an unnecessary exposure to this challenging market, they add. Instead, the analysts view the company's expansion in sportswear and luxury apparel as positive. Shares are up 0.5% at 624 pence. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

February 28, 2025 08:59 ET (13:59 GMT)

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