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The Latest Breaking News from Frasers

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

The Guardian - UK

Designer brands owed millions after Matchesfashion collapse

Some customers of the online fashion site, which owed more than £210m when it collapsed in March, are also unable to get refunds

The Guardian - UK

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

Cycling Weekly

From analysis to the latest developments in health,
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Frasers’ new director is boyfriend of owner Mike Ashley’s daughter

David Al-Mudallal, who is in a relationship with Matilda Ashley, appointed to Sports Direct parent company’s board

The Guardian - UK

Mike Ashley's Frasers Group to relaunch Chain Reaction and Wiggle websites and look to continue MTB brands Nukeproof, Vitus and Ragley

After months of speculation, details emerged on the future of WiggleCRC and their in-house brands

Bike Perfect

US jobless rate rises to two-year high while wage growth slows – as it happened

US economy adds 275,000 jobs, more than expected but that strength is partly offset by downward revisions to past months

The Guardian - UK

Frasers Group reportedly set to scoop up remnants of WiggleCRC for less than £10 million

Acquisition follows on from February news that business was laying off its entire workforce

Cycling News

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Would a Mike Ashley takeover of Wiggle be a ‘concern to the cycle industry’ or a ‘careful bit of business’? - Insiders weigh in as redundancies lead to trade brain drain

Struggling retailer has now axed nearly every member of staff after going into administration last year

Cycling Weekly

Full steam ahead for Hornby shares as Frasers makes model investment

Retailer snapped up 11.1 million shares, lifting its total holding to 8.9%

Evening Standard

Mike Ashley victim of ‘abuse’ by US bank Morgan Stanley, high court hears

Frasers Group suing over $900m cash demand linked to bets placed on shares in German retailer Hugo Boss

The Guardian - UK

Frasers Group warns of ‘softening’ in global luxury market as sales fall

Cost of living crisis partly responsible but total sales at Mike Ashley’s company rise

The Guardian - UK

Retail titans are going on a canny shopping spree

If current trends continue there will be two titans fighting over the scraps of fashion retail: Simon Wolfson and Mike Ashley.

Evening Standard

House of Fraser owner could close more big shops as department store model ‘broken’

Group says pre-tax profits almost doubled to £660m as Sports Direct improved margins

The Guardian - UK

In Full: The 2023 Top 500 Companies in the East Midlands

Top 20 includes retailers, car dealers, builders, engineering giants, recruitment companies and car manufacturers

Birmingham Post

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Manchester Evening News

Blackpool's new department store is set to open this year

Frasers will replace the old Debenhams and sell beauty, fashion, home, premium, contemporary accessories, and childrenswear

The Guardian - UK

Mike Ashley’s Frasers Group buys 5% Boohoo stake in online shopping spree

Sale adds to flurry of investments by owner of Sports Direct, including in Currys, AO and Asos

Birmingham Post

Mike Ashley's Frasers Group doubles stake in Currys

Frasers has a history of investment partnerships in other retail brands, such as AO.com, Asos and Hugo Boss

Birmingham Post

Mike Ashley's Frasers Group increases stake in AO

The original deal saw Frasers Group acquire a stake of just under 19% in AO for £75m

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The Guardian - UK

Mike Ashley stretches the edges of Frasers’ ‘ecosystem’ with AO World stake

Strategically questionable 18.9% stake in the white goods seller suggests the Sports Direct founder still can’t resist a punt

Manchester Evening News

Mike Ashley's retail empire buys £75m stake in electricals giant AO

Frasers Group has snapped up a number of Manchester companies over the last year or so

The Guardian - UK

Mike Ashley’s Frasers Group takes 19% stake in AO World

Move to buy £75m of shares in UK’s biggest seller of large domestic appliances

ABC News

Frasers Property Australia apologises, promises to fix defects in Shell Cove homes on NSW south coast

Frasers Property Australia says 12 remedial teams are fixing "design issues" in some of the 3,500 homes being built in Shellharbour, but some residents are critical of the slow pace.

Glasgow Live

Glasgow House of Fraser to undergo major redevelopment to become 'luxury flagship store'

Glasgow is set to become the home of the first Frasers luxury flagship store with a major redevelopment planned for the next iconic building later this year.

The National (Scotland)

Sports Direct owner Mike Ashley buys massive Scottish shopping centre

BILLIONNAIRE businessman Mike Ashley has bought a Scottish shopping centre ...

Wales Online

House of Fraser in Cardiff city centre set to close down

It comes amid ambitious plans to redevelop the site in St Mary Street

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