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Sports Direct Intl

  • New Sports Direct boss asserts Mike Ashley is ‘not pulling the strings’ amid of price increase warning

    SPORTS DIRECT

    Sports Direct’s new chief has asserted that the retailer’s former boss and his future father-in-law is “not pulling the strings.” In his first interview since stepping into Mike Ashley’s shoes as chief executive of Frasers Group, Michael Murray warned prices would likely go up.  The high street titan was facing headwinds “going through the roof,” [...]

  • Mike Ashley’s Frasers Group snaps up online retailer Studio after firm’s funding bid fails

    retail

    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 Sports Direct and House of Fraser empire kicks off £70m share buyback plan

    Mike likes

    Retail baron Miek Ashley has announced the start of a £70m share buyback plan for Frasers in an attempt to boost the company’s share price. Bosses at the group, which includes department store House of Fraser and retail chains Sports Direct and Game, said the plan is to reduce the number of shares in circulation. [...]

  • Mike Ashley to hand reins of Sports Direct retail empire to future son-in-law

    August 5, 2021

    The board of Frasers Group confirmed suspicions that CEO Mike Ashley will be replaced next year by his daughter’s fiancé, Michael Murray, in the group’s financial update. 31-year-old Murray is currently the firm’s “head of elevation” and has been in charge of modernise the owner of Sports Direct and House of Fraser, as well as [...]

  • Sports Direct owner Frasers Group set for ‘upbeat’ update after reopening stores

    July 30, 2021

    An “upbeat” trading update is reportedly expected from Mike Ashley’s Frasers Group, which owns Sports Direct, in the hope that the reopening of high street stores have pushed up sales The retail giant was more cautious in its outlook in April despite the reopening of retailers across the UK. It warned it could take a [...]

  • Frasers Group to take £200m Covid hit over third wave concerns

    April 9, 2021

    Mike Ashley’s Frasers Group, which owns Sports Direct and House of Fraser, expects to take a £200m hit due to coronavirus, and warned that further restrictions on retail are “almost certain”.  Frasers Group said it anticipates a non-cash impairment of more than £200m in the value of its properties and other assets.  The retailer said [...]

  • Mike Ashley’s Frasers Group says business rates support ‘near worthless’ for large retailers

    March 5, 2021

    Mike Ashley’s retail empire Frasers Group has warned that the business rates support available from July is “near worthless” for large firms, saying it could be forced to close stores. The chancellor announced on Wednesday that the 100 per cent business rates relief would be extended to 30 June, with 66 per cent relief available [...]

  • Mike Ashley’s Frasers Group to take £100m hit on lockdown restrictions

    February 23, 2021

    Frasers Group, the retail empire owned by Sports Direct founder Mike Ashley, announced this morning that it expects to take a £100m hit due to lockdown restrictions. The retailer, which also owns House of Fraser and Jack Wills, said the length of the current lockdown, potential changes to consumer behaviour and the risk of future [...]

  • Shakespeare: JD Sports’ athleisure focus leaves them sitting pretty

    January 20, 2021

    JD Sports and Sports Direct are known rivals and their parent companies own most of Britain’s high streets. While both sell many of the same brands, there are marked differences in the companies’ focuses, with JD Sports selling sports-fashion and Sports Direct selling sports equipment and clothing.  Earlier in January, JD Sports predicted its annual [...]

  • Mike Ashley’s Frasers Group confirms interest in Topshop-owner Arcadia

    December 10, 2020

    Mike Ashley’s Frasers Group has confirmed it is considering a deal to buy some of Arcadia’s brands, including Topshop, after the Sir Philip Green-owned retail empire collapsed at the end of last month. Chris Wootton, Frasers’ chief financial officer, told the BBC the group “tends to look at almost everything on the high street”, as [...]

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