Mike Ashley’s Frasers Group snaps up Luton mall in £58m deal Frasers Group Mike Ashely’s Frasers Group has snapped up The Mall in Luton in a £58m deal as the retail giant expresses its “confidence in the future of the UK high street”. The Mall in Luton spans 900,000 sq. ft of space and is home to more than 150 retailers including Primark, TK Maxx, and H&M. It [...]
FTSE 100 close: Blue chip index ends higher as disappointing retail sales figures fail to dent JD Sports, Frasers and Burberry FTSE close London’s FTSE 100 index closed the week marginally higher, clawing back some some of this year’s earlier gains following a poor performance yesterday. The capital’s premier index climbed 0.3 per cent to 7,770.59 points, while the domestically-focused mid-cap FTSE 250 index rose 0.7 per cent to close at 19,702.63. JD Sports, Frasers and Burberry were [...]
Mike Ashley’s Frasers Group reduces stake in Hugo Boss as shares dip Frasers Mike Ashley’s Frasers Group, the owner of brands such as Sports Direct and House of Fraser, has reduced its stake in Hugo Boss after previously upping its investment into the luxury fashion house. Frasers Group said it now owns 3.9 per cent of Hugo Boss’s total share capital, a decline from the 4.3 per cent [...]
Frasers reaps rewards of e-tailer takeovers as sales swell December 8, 2022 Sports Direct owner Frasers has seen profit leap up after a slew of high street and e-commerce acquisitions, backing its full-year expectations. The House of Fraser owner said it was confident in existing guidance for adjusted profit before tax of between £450m to £500m for this financial year. The retail titan posted a 53 per [...]
Mike Ashley’s Frasers in late stage talks for Gieves & Hawkes takeover November 14, 2022 Frasers Group is reportedly in late stage talks to seal a deal for Gieves & Hawkes, a beleaguered tailor which previously dressed Sir Winston Churchill and Queen Elizabeth II. Mike Ashley’s empire is swooping in for the Savile Row retailer after its Hong Kong-based owner fell into administration, Sky News first reported. The popularity of [...]
Frasers Group nabs stake in JD Williams and Simply Be owner October 12, 2022 Frasers Group has snagged a 4.5 per cent stake in online retailer and JD Williams owner N Brown, as the retailer continues to put its stamp on the UK high street. The Sports Direct owner is now the sixth-largest shareholder of the Jacamo and Simply Be owner. “We are always pleased to welcome new shareholders [...]
Frasers edges closer to MySale takeover October 3, 2022 Frasers Group has inched further towards a takeover of My Sale, after snaring a 50 per cent stake in the Australian e-commerce firm. The Sports Direct owner upped its stake in the business, after snaring 100,000,000 MySale shares from investment firm Jackson Family Capital and 62,145,385 MySale shares from former vice-chairman and founder of the [...]
Mike Ashley to relinquish director role on Frasers’ board September 20, 2022 Frasers Group founder Mike Ashley will relinquish his role as a director on the Sports Direct owner’s board. Ashley will not be standing for re-election as a director at the high street giant’s Annual General Meeting, Frasers announced on Tuesday. The former CEO, who handed the reins of his retail empire over to son-in-law Michael [...]
Frasers bid for majority stake in Aussie fashion marketplace MySale rejected September 16, 2022 Frasers’ bid to become the largest shareholder in Australian fashion marketplace MySale has ben rejected. Mike Ashley’s fashion empire Frasers, which also owns Sports Direct, offered to buy a 28.7 per cent stake in the company at 2p per share in late June. The offer was the minimum price Frasers could have offered MySale, which [...]
Sports Direct owner Frasers makes re-entry into FTSE 100 September 13, 2022 Sports Direct owner Frasers has made a return to the London Stock Exchange’s FTSE 100. The retailer re-joined the blue-chip index on Tuesday, according to its new chief executive officer Michael Murray. In a LinkedIn post, the CEO said the “significant milestone reflects the strength of our strategy and the strong performance that Frasers Group [...]