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Mike Ashley

  • Mike Ashley’s investments double to £1bn thanks to Hugo Boss shares

    Retail

    The total value of the stakes Mike Ashley’s empire holds in the likes of Hugo Boss, AO World and Boohoo have doubled to £1bn in just over a year, it has been revealed. According to the group’s latest financial results, which have been filed with the London Stock Exchange, the value of its investments in [...]

  • Mike Ashley tightens grip on Hugo Boss amid dividend demand

    Retail

    Frasers Group, the retail empire controlled by billionaire Mike Ashley, has tightened its grip on Hugo Boss after upping its stake. The owner of Sports Direct and House of Fraser has increased its shareholding in the German giant to in excess off 32 per cent. In a statement, Frasers Group said it “continues to consider [...]

  • Debenhams: Shares in Boohoo owner rise amid £175m refinancing talks

    Retail

    Shares in Debenhams Group, which also includes brands such as Boohoo, have risen amid talks over a £175m refinancing its huge debt pile as it looks to turn around the struggling business. The owner of Pretty Little Thing, which rebranded to Debenhams earlier this year in a shift to a marketplace model, has been struggling [...]

  • Mike Ashley-owned Frasers to cut a third of design and editorial staff

    March 18, 2025

    Mike Ashley-owned Frasers Group may cut nearly a third of staff within its design and editorial teams, according to reports. It entered into a consultation with staff of March 7 as part of the company’s latest restructure, Retail Gazette reported. Sources told the trade publication that the redundancy process will not affect managerial roles and [...]

  • Warrant issued against ex-Newcastle United chief for failing to pay Mike Ashley

    March 17, 2025

    High Court issued a bench warrant against the man who used to oversee player recruitment at Newcastle United in a long-running legal battle with Mike Ashley

  • Hornby: Mike Ashley-backed toymaker announces plans to go private

    March 13, 2025

    Hornby, the international models and collectibles group advised by Mike Ashley, has announced plans to go private as it looks to sidestep regulatory hurdles and cut costs. The firm told markets Thursday it intends to strike its shares off London’s AIM stock exchange, citing regulatory burdens, limited liquidity and the high cost of maintaining a [...]

  • Jack Wills: Job cuts continue as fashion brand halves in size

    February 5, 2025

    Profit has continued to fall at fashion brand Jack Wills, which is owned by Mike Ashley’s Frasers Group, as more jobs were cut and stores closed during its latest financial year. The company’s headcount reduced from 233 to 135 in the 12 months to 28 April, 2024, while it went from running 32 shops to [...]

  • Revealed: Who paid the most tax in 2024?

    January 24, 2025

    One of the UK’s richest hedge fund managers paid the most tax in the UK this year, contributing over £339m in just 12 months, according to the Sunday Times Tax list. Sir Chris Hohn, who founded British hedge fund the Children’s Investment Fund Management in 2003, topped the list of Britain’s top taxpayers, trumping gambling [...]

  • ‘We need to get back to our very best’: Boohoo boss vows to make 2025 a ‘year to remember’

    January 22, 2025

    The chief executive of fast-fashion giant Boohoo has said the group “needs to get back to our very best” as he vowed to make 2025 “a year to remember”. Daniel Finley was speaking a day after shareholders voted to keep co-founder Mahmud Kamani on its board in another blow to Mike Ashley’s Frasers Group. But [...]

  • Boohoo shareholders shun Frasers and vote to keep co-founder Kamani on board

    January 21, 2025

    Boohoo shareholders have voted two to one against a resolution proposed by Mike Ashley’s Frasers Group to remove co-founder and vice chair Mahmud Kamani as a director of the fast-fashion giant. Four fifths of shareholders took part, and two thirds of participating shareholders voted to retain Kamani on the board of the Manchester-headquartered company. In a statement, [...]

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