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Frasers Group PLC - Store Closures during COVID-19

RNS Number : 5648E
Frasers Group PLC
06 November 2020
 

Date: 06 November 2020

FRASERS GROUP PLC

(the "Company")

 

STORE CLOSURES DURING COVID-19

Following various new lockdown restrictions across in the territories in which the Frasers Group operates, we are clarifying to the market current closures:

 

Country

Shop Closure Date

Expected to open

Belgium

02/11/2020

15/12/2020

Czech Republic

22/10/2020

20/11/2020

France

30/10/2020

01/12/2020

Republic of Ireland

22/10/2020

01/12/2020

Poland

07/11/2020

28/11/2020

Slovenia

24/10/2020

08/11/2020

 

In the UK, our stores in Northern Ireland and Scotland remain open. In Wales, stores are currently closed but are expected to open on Monday 9 November 2020, albeit subject to further announcements.

 

In England, stores closed from 5 November 2020 and are currently expected to reopen when current regulations expire after 28 days. The Government finally updated mixed retail rules for England yesterday, Thursday 6 November 2020. We note inconsistencies remain and, given Michael Gove MP chose to perform a PR stunt on TV to deflect the public's opprobrium onto Frasers Group at the start of the previous lockdown, we currently will not be opening any of our fascias in England, including those with mixed retail use that include 'essential retail.'

 

In our opinion, based on the fact that, amongst other matters, the Government has been unwilling, over a period of 6 months, to even clarify what it believes a "bicycle shop" is, the likes of Mr Gove are failing to provide the leadership and guidance that businesses require. Even the chaotic demises of BHS and Debenhams seem to us to be a picnic when compared to the systematic and risible mismanagement of Covid-19 by Mr Gove and his cohorts, which is causing devastation in particular to the retail sector.

 

-Ends-

Frasers Group plc

Tom Piper, Company Secretary

LEI: 213800JEGHHEAXIJDX34

 

T. 0344 245 9200

E. [email protected]

 

 

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END
 
 
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