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City

Mike Ashley’s Frasers Group delivers profit surge but warns over cost of living

Sports Direct’s parent firm, Frasers Group, has swung to a bumper profit for the past year and expects this to surge further, despite warning over the cost of living and supply chain pressures. The Mike Ashley-founded business hailed a strong ...

21 Jul 2022 at 09:00

City

Frasers increases stake in Hugo Boss once again

Mike Ashley’s Frasers Group has increased its stake in luxury German fashion brand Hugo Boss once again. Frasers said it now has 3.4 million shares – a 4.9% stake – in Hugo Boss and holds buy options over another 26% shareholding. The group ...

22 Jun 2022 at 10:08

City

Frasers Group increases investments in Hugo Boss and Asos

Mike Ashley’s Frasers Group retail empire has increased its investments in fashion firms Hugo Boss and Asos. The retail vehicle, which owns Sports Direct and House of Fraser, said on Monday that it now owns a 5.1% stake in online fashion ...

24 Oct 2022 at 12:12

Football

Coventry sign deal to continue playing at CBS Arena until end of season

Coventry have announced they have signed an agreement to continue playing home games at Coventry Building Society Arena that runs to the end of the season. Earlier this month, the Sky Blues were handed an eviction notice by Frasers ...

12 Dec 2022 at 22:22

City

FTSE 100 hits highest level in more than four years after more retail cheer

The FTSE 100 has hit its highest level in more than four years as unexpected good news across the retail sector continues to give the UK’s leading index a new year boost. The index hit a high of 7,772.37 points during the day on ...

11 Jan 2023 at 17:49

City

Asos cheers return to profitability as recovery plan pays off

Fast fashion giant Asos has hailed a return to profitability over the past quarter as it pushes ahead with major cost-cutting as part of its turnaround plan. However, the online retailer revealed a drop in sales in the three ...

15 Jun 2023 at 12:50

City

Boohoo appoints new head, rejecting Mike Ashley’s attempted boardroom takeover

Boohoo has appointed the chief executive of Debenhams as its new boss, in an apparent snub to retail tycoon Mike Ashley. The online retailer said Dan Finley would take over with immediate effect after spending nearly three ...

01 Nov 2024 at 08:10

City

Frasers ditches £111m takeover plans for luxury firm Mulberry

Mike Ashley’s Frasers Group has dropped plans for a £111 million takeover offer for luxury handbag maker Mulberry. The group said it had decided not to make a firm offer ahead of Monday’s bid deadline in light of ...

23 Oct 2024 at 14:54

City

Frasers Group makes £83m bid for struggling luxury brand Mulberry

Mike Ashley’s Frasers Group has made an £83 million takeover bid for struggling handbag maker Mulberry. The fashion brand has been hit hard by a downturn in the luxury sector and warned late last week that it ...

30 Sept 2024 at 12:50

City

Frasers demands appointment of founder Mike Ashley as boss of Boohoo

Sports Direct owner Frasers Group has demanded the appointment of its founder Mike Ashley as chief executive of Boohoo as it warns over a mounting “crisis” at the struggling online fashion firm. Frasers – ...

24 Oct 2024 at 12:06

City

Boohoo raises £39m in investor cash call as Frasers boardroom tussle heats up

Struggling online retailer Boohoo has raised around £39.3 million through an investor cash call as it grapples with deepening losses and a mounting spat with Mike Ashley’s Frasers Group. Boohoo said it ...

14 Nov 2024 at 09:07

City

Mulberry dismisses £111m takeover tilt from Frasers as ‘untenable’

Luxury handbag maker Mulberry has said a sweetened £111 million approach from Mike Ashley’s Frasers Group is “untenable”. The London-listed fashion firm said its board had decided to rebuff the higher ...

22 Oct 2024 at 09:18

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