Boohoo pressures suppliers to drive down prices, says BBC probe November 6, 2023 Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges
Shein is plotting world domination, should UK retailers be worried? November 2, 2023 It is expected that Shein’s chokehold on shoppers will get even greater after acquiring its first UK company earlier this week.
Mike Ashley’s Frasers offloads Missguided to Shein just one year after acquisition October 30, 2023 Frasers Group will retain Missguided’s real estate and employees which have already been blended into the Sports Direct owners fashion division.
Boohoo could face modern slavery class action, reports say October 26, 2023 Fast fashion giant Boohoo is reportedly facing potential threats of a class action lawsuit from shareholders.
Mike Ashley’s Frasers raises Boohoo stake to 16.5 per cent October 25, 2023 Frasers, the British sportswear group controlled by Mike Ashley, has raised its stake in online fashion retailer Boohoo to 16.5 per cent, according to a regulatory filing published on Wednesday. The group previously held 15.12 per cent. Frasers, formerly called Sports Direct, said in June its purchase of Boohoo shares was consistent with its strategy [...]
Credit insurer cover cuts leave retail sector reeling October 18, 2023 Credit Insurers have been dragged into the spotlight after it emerged that they have pulled cover on a host of some of the country’s biggest retailers over the past few months. Both Boohoo and Asos have been hit by insurers withdrawing cover on their transactions. Over the summer, it was revealed that Allianz Trade, formerly Euler [...]
Frasers Group snaps up SportScheck in athletic shopping spree October 17, 2023 Frasers Group, said that the sale was backed by sport powerhouses Nike and Adidas who are assisting the business in its expansion strategy.
FTSE 100 close: London markets lifted by higher oil and gas prices October 16, 2023 Geopolitical uncertainty has impacted markets over the past week.
Mike Ashley’s Frasers Group raises Boohoo stake to 15 per cent October 16, 2023 Mike Ashley backed Frasers Group has once again raised its stake in online fashion brand Boohoo. The Sports Direct owner upped its share in the group from 13.4 per cent to 15.1 per cent. The fashion powerhouse, which also owns Jack Wills, has been rapidly increasing its stake in the popular clothing site. At the [...]
Michael Murray insists he is running Frasers, not Mike Ashley October 8, 2023 The boss of Frasers Group Michael Murray has insisted he is the one making decisions at the retail firm, not his father-in-law Mike Ashley.