Frasers Group has taken a significant step by acquiring a majority stake in Miami-based luxury retailer The Webster, an initiative aimed at broadening its global luxury presence and enhancing its digital capabilities.
This partnership will allow Frasers Group to utilize its extensive experience and scale in the luxury retail sector to improve The Webster’s operational and digital platforms while maintaining the retailer’s unique identity and brand aesthetic.
Following this agreement, Laure Hériard Dubreuil, the founder and CEO of The Webster, will continue to hold a substantial equity stake in the company and will manage day-to-day operations, guiding The Webster as it embarks on a new growth trajectory.
The acquisition comes after a successful period for The Webster, which has seen a 10% increase in revenue and expanded its operations to 13 locations across North America, with recent store openings in Atlanta, Austin, and Las Vegas.
Established in 2008 in South Beach, Miami, The Webster has earned a reputation for providing an immersive luxury shopping experience, showcasing over 100 high-end brands including Chanel, Dior, Gucci, and Saint Laurent.
Dubreuil described the acquisition as “the start of a new chapter” for the company, emphasizing the importance of aligning with a partner who shares The Webster’s values. “When it came to looking towards the future, it was so important to me to find a like-minded partner who believed in what The Webster stood for,” she said. Since our first conversation, I knew that Michael and the Frasers Group team were completely aligned with our approach and would be the best partner to help take the business to the next level.
Frasers Group CEO Michael Murray stated that the acquisition enhances the group’s luxury portfolio and builds on its successes with Flannels, its UK-based luxury retail chain. “I’ve long admired what Laure has built with The Webster – a truly unique concept with flawless execution and exceptional brand partnerships,” Murray said. “With our financial strength, operational expertise, and proven digital capabilities, it’s a perfect partnership to support The Webster to fulfill its potential.”
This luxury retail acquisition aligns with Frasers Group’s Elevation Strategy, which is focused on creating “the planet’s most admired and compelling brand ecosystem.” By merging The Webster’s curated shopping approach with Frasers’ extensive scale and digital resources, both entities aim to reinforce their competitive edge within the global luxury market. This luxury retail acquisition not only strengthens Frasers Group’s position but also promises to enhance The Webster’s growth and innovation in the high-end market.
