Frasers Group is planning to merge Studio Retail with etail stablemates Missguided and I Saw It First, which has sparked redundancy fears at the firm.
Studio Retail chief executive Paul Kendrick sent a letter to staff outlining Frasers Group’s plans to merge the businesses, which he said would result in “significant cost efficiencies”.
He said the retailer would “benefit from the longer-term group investments in technology by working on a shared platform”.
According to LancsLive, the change is understood to involve moving the I Saw It First and Missguided business operations to a single structure under Studio Retail, covering all labels and brands.
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Hyndburn MPs Sara Britcliffe and Graham Jones, as well as trade union USDAW are now working to try and stop redundancies at the company.
USDAW area organiser Julia Baldwin said: “It is extremely disappointing that, after last year’s large-scale restructuring, the company has again announced further changes affecting mainly the same staff”.
Back in July, Frasers Group revealed it would be cutting more than 100 roles in its Manchester head office as it looked to streamline the business.
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3 Comments. Leave new
is any body taking wilco over plrase
I worked here from 2022 until today.
Since Frasers bought Studio they put all of our jobs at risk 4 times in total despite the business & group making a huge amount of profit.
Frasers are going to be using Studio as an outlet for all of there other brands going forward and as a result want to shrink the team down from 128 people in marketing to just 24 going forwards.
They only bought Studio for the credit side of the business which they have now rebranded as Frasers plus.
I am with studio and I paid 519.00 pounds for sofa that was cancelled I been wait since September for my money to go back in to my account they just don’t care I am disgusted and I am think of closing my.account and I use to like studio but you can’t even talk on phone