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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 to report annual profit after year of acquisition-fuelled growth

Mike Ashley’s retail empire Frasers is set to announce as much as £550 million in underlying profit next week, as the retail giant reports its full-year results. The London-listed company, which owns the Sports Direct and House of Fraser ...

14 Jul 2024 at 00:01

Scotland

Housing minister urges MSPs to encourage hosts to join licensing scheme

Scotland’s housing minister has urged MSPs to encourage short-term let operators to sign up to a licensing scheme ahead of a Holyrood debate. The letter from Paul McLennan states operators who fail to sign up to the scheme before the ...

13 Sept 2023 at 09:39

City

Sports Direct owner cheers ‘great’ sales momentum ahead of Christmas

Sports Direct parent firm Frasers Group is heading into the key Christmas trading period with “great momentum” as bosses said its “elevation strategy” is paying off. The firm, which is majority owned by Mike Ashley, saw both profits ...

07 Dec 2023 at 09:04

Scotland

MSPs reject calls to delay licensing scheme for short-term let operators

MSPs have voted down calls to delay a controversial new licensing scheme for short-term let operators following a heated Holyrood debate. The Scottish Tory-led debate called for a 12-month pause on the scheme, which will see ...

13 Sept 2023 at 17:56

City

Frasers Group profit doubles as high street empire grows

Sports Direct owner Frasers Group has reported a “record” financial performance with profits doubling after the high street empire took more brands under its wing. The group, which also owns House of Fraser, Jack Wills, and ...

27 Jul 2023 at 10:48

City

Frasers Group hikes Hugo Boss stake after luxury brand warns on demand

Frasers Group has raised its stake in Hugo Boss after a fall in the German fashion brand’s share price since the start of the year. Mike Ashley’s retail conglomerate now owns 2.47% of Hugo Boss shares, or 13.9% via the ...

31 May 2024 at 09:15

City

Frasers Group buys Matches Fashion for £52m

Mike Ashley’s Frasers Group has snapped up luxury clothing retailer Matches Fashion in a deal worth around £52 million. Frasers, which owns Sports Direct and House of Fraser, said it will buy Matches from its parent ...

20 Dec 2023 at 12:00

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