Mark Kleinman: Frasers’ touchiness shows importance of Harvey Nicks swoop for Ashley Business 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 Retail 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 [...]
Mike Ashley’s Frasers ups stake in Hugo Boss after takeover bid Retail Frasers Group has pushed up its stake in Hugo Boss to nearly half of the company, though Mike Ashley’s group misses out on full control of the luxury fashion brand. The Sports Direct owner has increased its portion of the German fashion house to nearly 48 per cent after offering €38 for every share in [...]
Mike Ashley’s Frasers snaps up Harvey Nichols August 13, 2026 Mike Ashley’s Frasers Group has bought Harvey Nichols, plucking the struggling luxury department store from the jaws of insolvency. The group, which also owns Sports Direct and Flannels, has acquired each of the chain’s stores, excluding the site in Dublin, from FTI Consulting through a pre-pack administration process. Frasers’ acquisition of Harvey Nichols marks the [...]
Harvey Nichols will collapse without rescue deal, directors warn August 10, 2026 Harvey Nichols will collapse into administration if a rescue buyer is not found, directors of the luxury department store chain have warned. The retail empire will “cease trading” if it fails to agree a sale and no additional funding is found, the group’s directors cautioned in its latest accounts. Harvey Nichols could find a buyer [...]
Mike Ashley’s Frasers circles Burberry in latest luxury swoop July 29, 2026 Mike Ashley’s Frasers Group is eyeing up a holding in Burberry as its latest push into luxury fashion. Frasers has revealed that it holds the rights to a 4.2 per cent stake in the British fashion house, which would make Ashley’s group one of its biggest shareholders. The position is held through put options, which [...]
Next and Frasers go head to head for control of Harvey Nichols July 28, 2026 Retail giants Next and Frasers are set to go head to head for control of ailing department store Harvey Nichols when the Hong Kong-owned firm takes bids from British suitors later on Tuesday. The Knightsbridge-headquartered department store chain was put up for sale last month by its owner, Hong Kong billionaire Sir Dickson Poon, and [...]
Mike Ashley’s Frasers ups stake in Hugo Boss as takeover pressure mounts July 21, 2026 Frasers Group has pushed its stake in Hugo Boss above the threshold forcing it to make an offer for the whole firm, piling pressure on the German fashion house to accept its £1.7bn bid. The fashion group, which owns Sports Direct and Flannels, said on Tuesday that it had bought 2.5m new shares in Hugo [...]
Frasers slams ‘nonsense rumours’ over Harvey Nichols bid July 16, 2026 The boss of Frasers has hit back at “nonsense rumours” that retail brands are reluctant to work with the group, which is known for making aggressive plays to take control of rival companies. The group, which owns Sports Direct and Flannels, gatecrashed the auction to buy luxury department store Harvey Nichols last week, despite some [...]
Mike Ashley’s Frasers feels lift from takeover spree July 16, 2026 Mike Ashley’s Frasers Group has seen its profit jump as it pushes ahead with a turnaround plan and launches a spree of takeover bids for foreign retailers. The fashion group, which owns Sports Direct and Flannels, said its recent takeover bids and moves to build stakes in rivals are bolstering its balance sheet amid a [...]