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The Latest Breaking News from Frasers Group

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

The Independent UK

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.

Evening Standard

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 Guardian - UK

From analysis to the latest developments in health,
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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

The Independent UK

Sports Direct pricing could be misleading shoppers, Which? claims

Which? has reported Sports Direct to the competition watchdog following tip offs over the retail giant’s use of ‘Recommended Retail Prices’.

The Independent UK

Major Retailer Closing Its Store In A UK Shopping Centre As More People Shop Online, Other Branches Also Closing

Tessuti has closed its doors at Sheffield's Meadowhall Shopping Centre, reflecting a broader trend of store closures and retail restructuring across the UK.

International Business Times UK

Boohoo to rebrand as Debenhams despite Frasers Group’s vote to block it

Shareholder meeting turned into latest episode in battle between fashion retailer and Mike Ashley’s retail empire

The Guardian - UK

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What next for Mike Ashley’s patchwork retail empire?

The tycoon’s Frasers Group faces a tricky next chapter after decades of relentless deal-making

The Guardian - UK

Frasers Group says two-thirds of retail staff are still on zero-hours contracts

MPs examining plans for legislation were told 11,500 staff on the contracts, which do not guarantee weekly shifts

The Guardian - UK

Boohoo sells London office in Soho for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK

Evening Standard

Boohoo sells London office for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK.

The Independent UK

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle

Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.

Evening Standard

London stocks dip after UK economy contracts

London’s top flight finished 11.43 points, or 0.14%, lower to end the day at 8,300.33.

Evening Standard

Boohoo says Frasers Group can have seat on board – but not Mike Ashley

Boohoo chair Tim Morris said Mr Ashley is ‘not appropriate’ for a board seat because of ‘obvious conflict points’.

Evening Standard

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The Guardian - UK

Mike Ashley has the right critique of Boohoo. But he doesn’t belong on its board

The online retailer needs a shake-up – but the Sports Direct supremo is far from an unconflicted party

The Guardian - UK

Boohoo wins influential adviser’s support in battle with Mike Ashley

ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’

Evening Standard

FTSE 100 treads water as Frasers shares tumble after profit downgrade

The blue-chip index lifted 13.57 points, or 0.16%, to close at 8,349.38.

The Independent UK

Frasers cuts profit outlook amid ‘weaker’ shopper confidence around Budget

It came as the Mike Ashley-founded firm revealed a slump in sales for the past half-year, and lower profits

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Evening Standard

Warhammer maker earns place in FTSE 100 while Frasers drops off top index

The latest reshuffle of the London Stock Exchange has seen Nottingham-based Games Workshop join the UK’s biggest share index.

Evening Standard

Mike Ashley met by ‘stone wall’ in data bid after £13m HMRC dispute, court told

The Frasers Group founder is bringing legal action against the tax body over allegedly ‘extensive’ breaches of data protection obligations.

Evening Standard

Frasers Group to shed light on consumer demand ahead of key Christmas period

Frasers Group will update investors on its performance over the past six months on Thursday December 5.

The Guardian - UK

JD Sports shares slump 14% after profit warning

Lower sales in UK and North America after mild weather and discounting by rivals offset by 3.5% rise in Europe

Evening Standard

Boohoo accuses Frasers Group of ‘self interest’ amid Mike Ashley row

Frasers Group had called Boohoo ‘desperate’ after it declined its attempts to install founder Mr Ashley as chief executive.

The Independent UK

Frasers Group says appointment of Boohoo boss shows ‘disregard’ for shareholders

Mike Ashley’s firm had been trying to install him as Boohoo’s new chief executive, but the online retailer chose someone else.

Evening Standard

FTSE 100 Live 01 November: Markets calmer after sell-off, Reckitt Benckiser shares jump

Borrowing costs continue to be in focus after a rocky week for markets on both sides of the Atlantic.

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