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The Latest Breaking News from Frasers Group

FTSE 100 ends week in the red as investors look to upcoming Budget

Chancellor Rachel Reeves will deliver the spending statement on October 30, with several tax hikes mooted.

The Independent UK

Boohoo rejects criticism from Frasers Group as ‘inaccurate and unfair’

Frasers Group, which owns 27% of Boohoo, is attempting to install its founder Mike Ashley as chief executive of the online retailer

The Guardian - UK

Boohoo hits back at Frasers over Mike Ashley’s attempted boardroom takeover

Frasers had previously sounded the alarm over what it said was a ‘leadership crisis’ at Boohoo, and sought to install Mr Ashley as chief executive.

The Independent UK

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Frasers Group calls for Mike Ashley to replace Boohoo chief

Ashley’s Frasers Group, which owns 27% of online retailer, seeks vote on overhaul to ‘set new course’ for future

The Guardian - UK

Frasers demands appointment of founder Mike Ashley as boss of Boohoo

Frasers warned over what it claimed was a ‘leadership crisis’ at Boohoo after its chief executive last week stepped down.

Evening Standard

FTSE drops further as pound slides to two-month low

London’s top index finished 47.90 points, or 0.58%, lower to end the day at 8,258.64.

Evening Standard

Frasers Group criticises management of Mulberry after ditching takeover plans

Mike Ashley’s retail group says it ‘remains concerned about governance’ at luxury brand after final bid rejected

The Guardian - UK

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Frasers ditches £111m takeover plans for luxury firm Mulberry

Frasers urged Mulberry to provide a ‘credible’ business plan soon and raised worries over the governance of the fashion firm.

Evening Standard

Mulberry rejects fresh bid from Mike Ashley’s Frasers Group as ‘untenable’

Frasers had raised its offer from 130p to 150p a share, valuing the British luxury handbag maker at £111m

The Guardian - UK

Mulberry’s owner rejects increased £111m bid from Mike Ashley’s Frasers Group

Majority owner, Challice, says it has no interest in selling shares to group that already owns 37% of luxury brand

The Guardian - UK

Mike Ashley’s Frasers Group takes £10m stake in online retailer THG

Move is part of THG raising £95.4m to fund demerger of lossmaking technology arm Ingenuity

The Guardian - UK

Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry

Sports Direct owner looks to up 37% stake to 100% amid concerns for future of cash-strapped fashion firm

The Guardian - UK

Frasers Group seeks approval for Mike Ashley to cash in £585m in share buyback

Company wants investors’ permission to buy billionaire’s shares in private deal at market price at the time

The Guardian - UK

Reductions of up to 90% at Evans Cycles as it posts £22.8m losses

Major deals including up to £2,500 off premium bikes at Wiggle-CRC stablemate

Cycling Weekly

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TechRadar

UK high street video game retailer GAME set to end in-store pre-orders

UK video game store GAME will end in-store pre-orders on August 1.

The Independent UK

Myprotein operator THG strikes deal with Frasers for consumer credit roll-out

THG also revealed it has clinched a deal to sell its luxury brand Coggles to Frasers.

Evening Standard

FTSE 100 Live 24 June: Shein IPO speculation mounts, blue-chips close higher, US stocks fall as Nvidia slips

Prudential’s $2 billion buyback plan and a tie-up between Frasers Group and THG are among today’s FTSE 100 highlights.

The Guardian - UK

UK gas prices hit highest level of 2024 after crack closes Norwegian pipeline; UK factories return to growth – as it happened

Rolling coverage of the latest economic and financial news, as wholesale gas prices rise after disruption to supplies from Norway

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Cycling Weekly

Wiggle sale revealed to be £3m to second-best Frasers Group

Business tycoon Mike Ashley scooped up intellectual property after initial deal fell through

The Guardian - UK

‘Deeply concerning’: Vampire’s Wife closure shows battle faced by independent British fashion brands

Collapse of Matchesfashion platform is major factor in implosion across the supply chain, say industry insiders

Top News

Frasers Group Expands In EMEA Market With Twin Sport Acquisition

Frasers Group expands in EMEA market through Twin Sport acquisition and potential Sprinter locations takeover.

Evening Standard

Sports Direct to open two new 'flagship' stores at Westfield shopping centres next year

The branch at Westfield London in Shepherd’s Bush will be 29,000 sq ft and the other at Westfield Stratford will be 28,000 sq ft

Cycling Weekly

Evans Cycles store lines its walls with cut-price WiggleCRC stock

Leftover stock being sold off through Wiggle's new stablemate at Mike Ashley's Frasers Group

Bike Perfect

Wiggle and Chain Reaction Cycles websites return to life but now under Frasers Group control

After the finalization of the Frasers Group takeover and a week's hiatus, what's changed at WiggleCRC?

Cycling Weekly

Wiggle and Chain Reaction Cycles sites back online after Frasers Group takeover

The two brands have relaunched after a week off, with slightly different branding

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