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The Latest Breaking News from Frasers Group

Harvey Nichols Saved by Sports Direct Owner Mike Ashley After Luxury Retailer Warned It Could Run Out of Cash

Frasers Group has acquired Harvey Nichols, saving over 1,000 jobs. The deal includes UK stores and international franchises, with plans for significant restructuring to revitalise the luxury retailer.

International Business Times UK

Luxury British department store bought by Sports Direct’s Mike Ashley

IN FULL

The Independent UK

Harvey Nichols bought by Mike Ashley firm after going into administration

It comes after an auction process for Harvey Nichols which saw Frasers battle retail rival Next to take control of the brand

Evening Standard

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Harvey Nichols purchased by Sports Direct boss Mike Ashley in rescue deal

Harvey Nichols warned in its latest accounts that it would need to ‘cease trading’ within a year if it failed to secure fresh funding

The Independent UK

Harvey Nichols bought from administration by Mike Ashley’s Frasers

It comes after an auction process for Harvey Nichols which saw Frasers battle retail rival Next to take control of the brand.

Evening Standard

Sports Direct owner Mike Ashley buys Harvey Nichols

Frasers Group acquires majority of upmarket retailer’s sites from the administrators

The Guardian - UK

Harvey Nichols warns it could collapse without rescue deal, as bidders circle

Mike Ashley’s Frasers Group is frontrunner to buy Knightsbridge-headquartered department store chain

The Guardian - UK

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Hugo Boss urges investors to reject Mike Ashley’s ‘inadequate’ €2 billion takeover bid

The retail giant behind Sports Direct and House of Fraser currently owns around 26 per cent of Hugo Boss

The Independent UK

Hugo Boss calls for investors to reject ‘inadequate’ Frasers Group offer

Hugo Boss’s management and supervisory board said they ‘unanimously recommend that shareholders do not accept’ the offer.

Evening Standard

Six Underrated Stocks Britain's Top Fund Managers Believe Could Deliver Long-Term Growth

Six top fund managers reveal their favourite under-the-radar investments in healthcare, finance, retail, energy, and consumer goods with long-term growth potential despite risks.

International Business Times UK

Frasers Group launches £166m offer to take full control of Australia’s Accent

Frasers currently owns a 22.9% stake in Accent but has now sought to take full ownership, amid a recent flurry of dealmaking by the UK firm.

Evening Standard

Hugo Boss shares jump as it ‘thoroughly examines’ Frasers’ takeover offer

Mike Ashley’s retail group has made near-€2bn bid for the German fashion house, in which it holds a 26% stake

The Guardian - UK

Sports Direct owner Frasers launches takeover bid for Hugo Boss

Frasers is offering to pay around 1.98 billion euro (£1.73 billion) to buy remaining shares and take full control of the fashion firm.

Evening Standard

Sports Direct owner launches €2 billion takeover bid for Hugo Boss

The UK retail giant has a current market value of around £3.45 billion

The Independent UK

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TechRadar

After entering administration last month, Frasers Group-owned UK retailer Game is officially closing the rest of its standalone stores

Long-running UK retailer Game is officially closing the last of its standalone stores, after entering administration last month. It's also confirmed that managing director Nick Arran is exiting the company after nine years.

The Guardian - UK

‘Tough market conditions’ hit UK half-year retail sales at Frasers Group

Owner of Sports Direct chain says consumer confidence ‘very subdued’ with sales at sports division down 5.8%

Evening Standard

Frasers shrugs off retail woes as luxury brand returns to growth

Frasers pointed to ‘green shoots’ in the luxury market, which has weakened in recent years against a tougher climate for consumers.

Evening Standard

Frasers moves into mini-golf and trampolining with We Do Play investment

It is the retail group’s first move into the UK leisure market.

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Evening Standard

Boohoo founder should be investigated over debt collection, says Mike Ashley

Mr Ashley’s Frasers Group – which owns an almost 29% stake in Boohoo – said it had ‘very serious concerns’ over reports about Mahmud Kamani’s conduct.

Tom’s Hardware

Major UK PC retailer, Ebuyer, bought out of administration by notorious backer — PC component listings mostly nuked in favor of furniture, garish iPhone cases, and air fryers as Frasers Group takes the helm

Long-time PC and component retail website, Ebuyer, has been bought out by Frasers Group, which owns House of Fraser, Game, and Jack Wills, among other companies.

The Guardian - UK

Frasers Group sales fall amid ‘challenging’ luxury market and retreat from gaming

Pre-tax profits fall 24% despite rise in Sports Direct sales, driven by closures of House of Fraser and Game stores

The Independent UK

Mike Ashley’s Fraser Group withdraws Revolution Beauty takeover bid

The beauty brand has faced significant challenges, with its shares recently plummeting to an all-time low amid tumbling sales

Evening Standard

Frasers Group considers takeover deal for Revolution Beauty

Mike Ashley’s retail giant ‘is one of a number of parties conducting due diligence’ on the business.

The Guardian - UK

Sports Direct pricing practices ‘may be breaking the law’, Which? says

Consumer group makes claims of ‘some questionable and dodgy pricing tactics’ on retailer’s website

The Independent UK

Sports Direct ‘ripping off’ customers with misleading deals

Which? said it was tipped off about ‘suspicious’ RRPs by readers, and proceeded to look at the pricing of 160 popular products

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