There’s big and then there’s Sports Direct big. Owner Frasers Group has opened its 90,00 sq ft three-storey flagship store on Liverpool‘s Church Street for its key sports retail brand that comes with a dedicated Everlast Gym+.
The Liverpool store’s opening “forms a key milestone in the next phase of the brand’s vision”, namely “redefining the future of the British high street, with stores where people both shop and workout”, Frasers said.
And group CEO Michael Murray called it “arguably the most ambitious retail investment in Liverpool by any UK business”.
The parent company also noted that these newly elevated Sports Direct stores “are purpose-built to serve how today’s consumer shops, trains and lives – a destination where sport, performance, wellness and style are part of the same experience”.
To date, over 50% of Sports Direct’s stores have now been “elevated” as part of the wider Elevation Strategy, with the Liverpool store marking the next phase of the plan, with multipurpose stores that “offer everything from shopping to training, and immersive sports experiences under one roof”.
Each floor is zoned by sport and training type – from running, football and swimming to outdoor adventure and racket sports.
With fitness competition brand Hyrox “continuing to soar in popularity across the globe”, the store’s in-built Everlast Gym+, which occupies the full third floor, features the UK’s first Hyrox Performance Centre, “making the flagship one of the best Hyrox training locations in the world”.
The gym also features a Reformer Pilates Studio and a dedicated Recovery Zone. This offers access to an exclusive recovery suite featuring Brass Monkey ice baths, herbal and dry salt saunas and a modern, elevated space for post-training reset.
Other key store features include: Sports Direct’s Running Concept to help consumers find the right product for their running journey; Outdoor Concept, incorporating advanced technology and information sharing to educate consumers about products and outdoor activities; Women’s Training Concept, “a key innovation at this new flagship” with a curated retail space and brand-led experience; Under Armour Agility Test, an immersive, high-energy activation that brings the brand’s training ethos to life; Adidas Football Skill Zone; and Evans Cycles’ space, with a selection of bikes, parts, accessories, and clothing.
Murray added: “Liverpool is a case study of how our Elevation Strategy is winning. It’s where ambition meets execution: a destination that showcases our strategy’s momentum. With every new opening, we’re not just adding stores, we’re transforming the retail landscape, creating spaces that energise communities and redefine the high street experience.”
He also said over 220 new retail roles have been created through the flagship openings of Flannels, Sports Direct and Everlast Gyms+ in Liverpool city centre between 2022 and 2025, “which represents a 213% uplift in staffing”.
“No other retailer has matched this scale of investment or long-term commitment to the city – a strategy that’s not only creating jobs but actively contributing to the wider economic and cultural revival of Liverpool’s high street.”
A three-year-old family office backed by Europe’s wealthiest clan is quietly laying the groundwork for acquiring additional assets outside their luxury behemoth, Hermes International SCA.
An Hermes store in Arizona, US – Hermès
Krefeld, named after the town in Germany where ancestor Thierry Hermes was born, has created a separate company called Breithorn Holding that can oversee fund and asset management, according to a filing. Charles-Henri Chaliac, 49, who heads the family office, will also serve as the new firm’s chief executive officer.
The move signals the growing ambitions of the family office created in 2022 by descendants from different branches of the sprawling dynasty. In the aftermath of fighting off a 2010 takeover attempt by LVMH founder and rival Bernard Arnault, the heirs pooled their separate investment vehicles into what has emerged as Krefeld. Reflecting the clan’s penchant for discretion, the family office has remained secretive about operations, management, and strategy since then.
Krefeld has so far made few investment announcements, one of the first being in French insurer Albingia. The family office also took a minority stake in closely held Anjac Health & Beauty alongside KKR & Co., Les Echos reported. A spokesperson for Hermes didn’t respond to requests for comment about Krefeld.
The more than 100 heirs to the Hermes fortune have a combined net worth of $186 billion, according to the Bloomberg Billionaires Index, making them the richest family in Europe. With a stake of around 67% in the listed company, they have pocketed €5.1 billion ($5.9 billion) in dividends for the past four record-breaking years, giving Krefeld firepower for investments.
With Krefeld, the Hermes descendants joined other ultra-wealthy French clans with family offices including Francoise Bettencourt Meyers, the billionaire L’Oreal heiress, who has Tethys; the Wertheimer brothers behind Chanel, with Mousse Partners; and Arnault, who invests through closely held Agache among other vehicles.
There are few public details about Krefeld and its new offshoot, Breithorn, which are based at the same address in central Paris.
Krefeld has raised its maximum authorised capital to €1 billion and its statutes stipulate that shareholders can only be descendants of Emile Maurice Hermes, who expanded the Parisian harness workshop started in 1837 by his grandfather, Thierry, into leather goods and baggage lines. Today, Hermes is best known for pricey handbags, silk scarves, and high-end fashion, having reported €15 billion in sales last year.
Krefeld, which is charged with investing the personal wealth of its Hermes backers, is chaired by Matthieu Dumas and the board populated by heirs with surnames including Bauer, de Seynes, Guerrand, and Mommeja. Chaliac joined last year from Belgian private equity firm Cobepa, while Claire Zeng moved to Krefeld in 2024 from Morgan Stanley, according to a LinkedIn post.
Frasers Group has made yet another property acquisition, announcing on Tuesday that it has bought Swindon Designer Outlet.
Swindon Designer Outlet – Photo: McArthurGlen
The company said the move marks “a meaningful step towards achieving the group’s vision of building the planet’s most admired and compelling brand ecosystem”.
It added that through acquisitions of “strategic physical retail locations like Swindon, Frasers Group supports key brand partners’ outlet strategies — including Nike, Adidas, Boss — and aims to serve consumers across the UK with the best value and product offerings”.
It didn’t share the price it paid but reports a few months ago suggested it was in talks to buy the property for around £275 million.
Swindon Designer Outlet opened in 1997 and covers 250,000 sq ft. It attracts over 3 million visitors annually with outlet centres at all price levels among the most buoyant shopping destinations in the UK. The centre has been owned by LaSalle Investment Management since 2022 and has been managed by outlet-specialist McArthurGlen Group.
The news comes just a month after we learned that Frasers had acquired Braehead Shopping Centre in Glasgow and also comes in the wake of a flurry of property deals by the acquisitive retail giant.
The company has also acquired shopping centres such as Princesshay, Overgate, Fremlin Walk, Frenchgate, Junction 32 Outlet Park and more.
CEO Michael Murray said: “Physical retail is central to our Elevation Strategy and investing in Swindon — one of the UK’s top five outlets by footfall — strengthens our position as both retailer and landlord. This acquisition reinforces our property strategy and unlocks new opportunities for our brands and our partners.”
London’s Covent Garden always has a high-profile installation during the festive period with recent activations from Jo Malone, Max mara and Marc Jacobs. And this year’s big name is Chanel.
Chanel
For the first time, Chanel has designed “an enchanted and immersive installation” in Covent Garden, North Piazza. The light installation highlights the brand’s first flagship boutique presence in Covent Garden which opened over 10 years ago.
Within the installation, we’re told visitors can experience an “enchanted, festive moment influenced by the constellations and emblematic symbols of Chanel: the lion, wheat, camellia, comet, and pearls”.
All of this is “reimagined in a starry sky with an illuminated Nº5 bottle encased in a helix that will create a magical atmosphere in the piazza”.
It’s open until 28 December, excluding Christmas Day, and attractions will also include live music performances every hour starting at 2:00pm until 6:30pm on Thursdays, Fridays, and Saturdays.
Covent Garden is a key destination for both UK and international shoppers during the festive period with its giant Christmas tree, its street entertainers and its historic architecture giving the Piazza extra allure at this time of year in particular.
And with its large weighting of beauty boutiques, it’s also a major destination for beauty shoppers.