Mike Ashely’s Frasers Group raises stake in Boohoo to 22 per cent Boohoo Mike Ashely’s Frasers Group has upped its stake in Boohoo again, taking it from 17 per cent to over 22 per cent. Shares in the fast fashion firm leaped over three per cent this morning as investors responded positively to the news. Frasers, formerly called Sports Direct, said over the summer its purchase of Boohoo [...]
Mike Ashley’s Frasers puts Matches Fashion into administration following bargain deal Retail Mike Ashely’s Frasers Group is putting Matches Fashion, the luxury online fashion retailer, into administration less than three months after buying it in a cut price deal worth £52m.
Mike Ashlely’s Frasers appoints daughter’s boyfriend to the board Retail Sports Direct owner Frasers Group has appointed a director to its board who is in a relationship with founder Mike Ashley’s youngest daughter.
Boohoo parachutes in ex-Betfair and Zoopla CFO after incumbent quits January 23, 2024 Embattled fashion brand Boohoo has drafted in a new chief financial officer, formerly of Betfair and Boohoo, after the incumbent quit with immediate effect this morning.
Mike Ashley’s Frasers Group snaps up Luton mall in £58m deal March 17, 2023 Mike Ashely’s Frasers Group has snapped up The Mall in Luton in a £58m deal as the retail giant expresses its “confidence in the future of the UK high street”. The Mall in Luton spans 900,000 sq. ft of space and is home to more than 150 retailers including Primark, TK Maxx, and H&M. It [...]
AO World swings back to profit thanks to reduced costs while revenue down 17 per cent July 5, 2023 AO World swung back into profit on reduced costs and better margins as the firm said it made a 17 per cent loss in revenue in its annual results. The white goods retailer said revenue decreased by 16.8 per cent to £1.1bn compared to £1.3bn in the same period last year ending 31 March, as [...]
Frasers: Chief calls for reform of ‘outdated’ business rates regime September 18, 2023 The boss of Frasers Group, Michael Murray, has described the business rates regime as a “disaster” and urged the government to overhaul the system.
Online retail firms in trouble as punters turn back to the high street June 19, 2023 E-commerce retailers which were bolstered by Brits stuck at home during the pandemic are now going bust, a new report shows, as the cost of living crisis continues to eat away at businesses. The number of insolvencies of UK e-commerce businesses rose 71 per cent to 529 in the past year, up from 309 in [...]
Women’s Ashes: England name squad for historic series June 12, 2023 England have named their squad for this summer’s Women’s Ashes series. Lauren Filer and Danielle Gibson could make their debuts for England in a series which has seen well over 70,000 tickets sold. The Women’s Ashes sees England and Australia compete in one Test, three International Twenty20 matches and three One-Day Internationals. The likes of [...]
Sabalenka to become world No1 after win over Zhang at US Open September 6, 2023 Former Australian Open winner Aryna Sabalenka made it four out of four Grand Slam semi-final appearances this year after the Belarusian toppled Qinwen Zheng yesterday at Flushing Meadows. On track for her first ever US Open title, Sabalenka beat her Chinese opponent 6-1 6-4 in Arthur Ashe Stadium to reach the final four in New [...]