Frasers Group plc (“Frasers” or the “Group”), a leading global retail group, announced the acquisition of a significant non-controlling shareholding in Hudson Malta plc (“Hudson”), a premier retail and distribution business based in Malta with operations across 36 African countries.
This acquisition reflects Frasers’ continued commitment to expanding its international footprint and marks the beginning of a long-term strategic partnership that will drive expansion opportunities for both businesses across Malta and North Africa, where both retailers have ambitious plans for expansion.
This new partnership will launch Sports Direct and USC into the Maltese market, with the first store opening planned for 2025. Additionally, the partnership provides opportunities for the launch and expansion of Sports Direct across Northwest Africa, leveraging Hudson’s extensive distribution network and market knowledge. Longer-term, both companies see potential for further collaboration to bring more of Frasers’ well-known brands into the region, while providing support for further expansion of Hudson’s retail and distribution businesses.
Michael Murray, CEO of Frasers Group, said: “We are very pleased to be collaborating with Hudson. International expansion is a crucial element of our Elevation Strategy, and this announcement aligns with our growth ambitions and provides a gateway to further strengthen our presence in EMEA. We’re looking forward to unlocking new opportunities in the region and leveraging our mutual strengths to bring the Frasers brand ecosystem to new consumers in new markets and elevate their retail experiences.”
Chris Muscat, CEO of Hudson, said: “We are thrilled to announce that, subject to certain conditions being met, Frasers Group has agreed to join forces with Hudson on our journey. This investment will enable us to accelerate our growth in Southern Europe and Africa, regions that are also key to Frasers Group’s expansion strategy. With our extensive experience in Africa, combined with Frasers’ exceptional retail expertise, strong brand portfolio, and focus on innovation and efficiency, Hudson will be well-positioned to expand its existing business and unlock new opportunities.”
Subject to specific conditions, the deal announced today includes the possibility for Frasers to make additional investments in Hudson the future, which could lead to Frasers gaining a controlling interest in Hudson longer-term.
