Mike Ashley’s Frasers loosens grip on Burberry Retail Mike Ashley’s Frasers Group has loosened its grip on Burberry, despite ramping up its pursuit of high-fashion names. The retail giant, which owns Sports Direct and Flannels, had built up a position in Burberry over recent weeks but has now faltered in its pursuit of the group. Frasers Group had increased its position in Burberry [...]
Mike Ashley’s Frasers builds stakes in Burberry and Under Armour Retail Frasers Group, the retail empire founded by Mike Ashley, has taken a stake in athleisure giant Under Armour and built up its holding in fashion house Burberry. The London-listed conglomerate, which owns Sports Direct and Flannels, has pushed up its position in the FTSE 100 fashion brand from 4.2 to 6.3 per cent of the [...]
Mike Ashley continues leisure push with Boom Battle Bar deal Leisure A company backed by Mike Ashley has snapped up Boom Battle Bar for £11m, extending the retail tycoon’s push into leisure and hospitality. Leisure operator We Do Play, which is backed by Ashley’s Frasers Group, has bought back the business its bosses founded from experiential leisure group XP Factory. Mike Ashley began his retail empire [...]
Mike Ashley’s Frasers ousts Hugo Boss chairman September 14, 2026 Frasers Group, the retail empire run by Mike Ashley, has overthrown the chairman of Hugo Boss as it seeks control of the German fashion house. The UK fashion group, which owns Sports Direct, Jack Wills and Flannels, told investors on Monday that Stephan Sturm, chairman of Hugo Boss’ supervisory board, has agreed to step aside. [...]
‘Misleading’ Frasers ad banned amid feud with watchdog September 2, 2026 The advertising watchdog has censured Frasers Group for running a “misleading” ad just days after its finance chief ramped up a bitter row with the regulator. The Advertising Standards Authority (ASA) has banned an online advert published by Sports Direct, which is owned by Frasers, for a Puma sports top which it said misled shoppers [...]
Mike Ashley’s Frasers weighs move to oust Hugo Boss chief September 1, 2026 Mike Ashley’s Frasers Group is weighing up a move to oust a boardroom chair at Hugo Boss as it laid out fresh plans to grow its stake in the German fashion house. The retail group, which was founded by the British billionaire, told investors on Tuesday that it wants to control more than half of [...]
Mike Ashley slams Burnham’s ‘populist’ plans to revive high street August 27, 2026 Retail tycoon Mike Ashley has blasted Andy Burnham’s proposals to revive the British high street as “populist” and “too little too late”. The billionaire Sports Direct and Frasers Group founder has written to the Prime Minister accusing him of failing to tackle the cost of living with “delusional” policies. The causes of the UK’s rising [...]
The decline of Harvey Nichols is a tale of London’s decline too August 21, 2026 The decline and fall of Harvey Nichols is not just another business story. It is a warning about the crisis engulfing London’s high streets.
Mark Kleinman: Frasers’ touchiness shows importance of Harvey Nicks swoop for Ashley August 21, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. Touched a raw nerve? Michael Murray, the chief executive of Frasers Group, was forthright in comments to City AM last month when it was put to him that some luxury brands had expressed concerns about Harvey Nichols [...]
Mike Ashley’s Frasers offers to pay personal shoppers in Harvey Nichols takeover August 20, 2026 Frasers Group has offered to secure the pay of personal shoppers and stylists at Harvey Nichols after Mike Ashley’s retail empire bought the luxury department store. The Sports Direct and Flannels owner will make “goodwill payments” to a number of personal shoppers and stylists who were left owing money when Harvey Nichols collapsed. Frasers snapped [...]