Frasers Group PLC Store Closures during COVID-19
November 06 2020 - 12:41PM
RNS Non-Regulatory
TIDMFRAS
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:
Shop Closure Expected to
Country Date 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 T. 0344 245 9200
LEI: 213800JEGHHEAXIJDX34 E. investor.relations@frasers.group
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