Mike Ashley to relinquish director role on Frasers’ board MIKE ASHLEY Frasers Group founder Mike Ashley will relinquish his role as a director on the Sports Direct owner’s board. Ashley will not be standing for re-election as a director at the high street giant’s Annual General Meeting, Frasers announced on Tuesday. The former CEO, who handed the reins of his retail empire over to son-in-law Michael [...]
Mike Ashley’s Frasers in late stage talks for Gieves & Hawkes takeover retail M&A Frasers Group is reportedly in late stage talks to seal a deal for Gieves & Hawkes, a beleaguered tailor which previously dressed Sir Winston Churchill and Queen Elizabeth II. Mike Ashley’s empire is swooping in for the Savile Row retailer after its Hong Kong-based owner fell into administration, Sky News first reported. The popularity of [...]
Mike Ashley’s Frasers in talks to offload Missguided to Chinese fast fashion giant Shein Retail Mike Ashley’s Frasers Group is reportedly in talks to offload its online clothing brand Missguided to Chinese fast fashion giant Shein. Frasers, which owns the high street favourites such as Sports Direct and Jack Wills, bought Missguided for £20m last year after it collapsed into administration. As part of the rescue deal, the Manchester business kept [...]
ASOS share price recovers slightly after Mike Ashley’s Frasers raises stake May 17, 2023 Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the Mike Ashley-owned sportswear retailer continues its drive into a more premium market. Frasers, formerly called Sports Direct, increased its stake in ASOS to 7.4 per cent from a prior stake of more than 5 per cent, as of [...]
Mike Ashley’s Frasers Group reduces stake in Hugo Boss as shares dip January 6, 2023 Mike Ashley’s Frasers Group, the owner of brands such as Sports Direct and House of Fraser, has reduced its stake in Hugo Boss after previously upping its investment into the luxury fashion house. Frasers Group said it now owns 3.9 per cent of Hugo Boss’s total share capital, a decline from the 4.3 per cent [...]
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 [...]
Mike Ashley’s Frasers Group to buy two shopping centres in £100m deal February 5, 2023 Mike Ashley is gearing up to purchase two shopping centres in an £100 million deal, in a sign that the retail sector might be starting to stabilise. Frasers Group, majority owned by Ashley, is in the final stages of negotiations to acquire The Mall in Luton and the Overgate centre in Dundee, The Sunday Times [...]
Mike Ashley seeks to join Mulberry’s board as he tires of firm’s poor sales May 23, 2023 Sportswear tycoon Mike Ashley is reportedly set to muscle his way onto the board of luxury brand Mulberry as he grows increasing tired of the company’s poor sales performance. Ashley’s Frasers Group owns a 37 per cent stake in Mulberry, but the brand is ultimately controlled by Malaysian billionaire Ong Beng Seng and his wife [...]
Mike Ashley’s Frasers Group drags Morgan Stanley boss to court seeking £50m in damages September 22, 2023 Mike Ashley’s Frasers Group has dragged the chief executive of Morgan Stanley into a UK legal battle over a $1bn (£814m) margin call regarding Hugo Boss trade. In a New York court filing lodged earlier this week, seen by The Telegraph, the retail group asked the court to make James Gorden hand over documents and [...]
Retail tycoon Mike Ashley joins the race for Savile Row tailor September 11, 2022 High-street tycoon Mike Ashley has reportedly joined the race to takeover Savile Row tailor Gieves & Hawkes. As first reported by Mark Kleinman for Sky News, Ashley’s Frasers Group – previously known as Sports Direct International- is now the latest bidder to join the grab for the 250-year-old Savile Row brand. It comes as Gieves [...]