Frasers Group launches £70m share buyback ahead of new CEO April 25, 2022 Mike Ashley’s Frasers Group has launched a £70m share buyback scheme today, after the fashion retailer splashed the cash on a recent buying spree. The FTSE 100 group, which includes House of Fraser, Sports Direct and Jack Wills among others, snapped up failing Studio Retail Group in February, after pledging to spend £60m on [...]
Mike Ashley’s Frasers Group snares stake in Australian fashion marketplace as retail swoop continues June 30, 2022 Mike Ashley’s retail empire has nabbed a 29 per cent stake in Australia’s fashion platform MySale. Frasers Group has snared a 28.7 per cent holding in MySale, in its latest retail swoop, it announced on Thursday morning. My Sale puts global buyers in touch with sellers to Australian and New Zealand e-commerce sites. London-listed Frasers [...]
Mike Ashley’s Frasers Group ups stake in German fashion brand Hugo Boss, again June 22, 2022 Mike Ashley’s Frasers Group confirmed this morning it 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 per cent stake – in Hugo Boss and holds buy options over another 26 per cent shareholding. The group said its investment in [...]
Frasers Group approaches JD Sports to buy Footasylum after CMA setback December 26, 2021 Mike Ashley, chairman of Frasers Group (Fraser), has offered to buy retail chain Footasylum from JD Sports (JD) executive chairman Peter Cowgill, according to The Sunday Times.
Studio Retail Group preparing to call in administrators in blow for largest shareholder Mike Ashley’s Fraser Group February 14, 2022 Online value retailer Studio Retail Group, whose largest shareholder is Mike Ashley’s Frasers Group, is posed to call in administrators. The Accrington-based firm said it had not been able to reach agreement with its UK lenders for additional funding it needed. Studio Retail had requested a short-term loan of £25m to fund surplus stockholding which [...]
Mike Ashley reportedly weighs up move to take Frasers Group private December 19, 2021 Mike Ashley is apparently weighing up a move to take Frasers Group private after strong profits this year, according to The Telegraph.
Mike Ashley’s Frasers Group snaps up online retailer Studio after firm’s funding bid fails February 25, 2022 British retail conglomerate Frasers Group, which owns shops including House of Fraser and Evans Cycles, has acquired online and mail order shopping company Studio Retail Group, following the firm’s collapse earlier this month. Frasers Group – the firm initially set up as Sports Direct International by British retail billionaire Mike Ashley – has acquired Studio [...]
Mike Ashley’s Frasers Group profits surging despite rising supply chain costs December 9, 2021 Mike Ashley’s Frasers Group has reporting surging half-year profits and forecast a jump in annual earnings despite revealing a hit for supply chain costs and pandemic uncertainty. The parent company of chains including Sports Direct, House of Fraser and Flannels reported pre-tax profits of £186 million for the six months to October 24, up from [...]
Frasers acquires parts of Matchesfashion out of administration – but jobs not in deal April 30, 2024 Frasers Group has acquired parts of Matchesfashion out of administration in a deal which does not include its stock or its hundreds of employees.
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.