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The Latest Breaking News from Frasers

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

Birmingham Post

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

The Guardian - UK

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

Manchester Evening News

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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

The Guardian - UK

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.

ABC News

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.

Glasgow Live

Sports Direct owner Mike Ashley buys massive Scottish shopping centre

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

The National (Scotland)

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House of Fraser in Cardiff city centre set to close down

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

Wales Online

Frasers Group cuts stake in Hugo Boss

Sports Direct, Flannels and House of Fraser owner has been pursuing ambitious growth plans in recent months

Birmingham Post

Mike Ashley's Sports Direct scores bottom place for customer service

Two of the former Newcastle United owner's brands are rapped in a survey of the best and worst sports stores

Chronicle Live

Long lost Edinburgh shops we all flocked to during the sales

This time of year means one thing to many people, sales - and while most bargains are found online these days, we're yearning for the rush of the high street hunt back in the day.

Edinburgh Live

Flannels fashion chain proving a magnet for gen Z shoppers

The Frasers Group company’s attention to the twentysomethings’ market is paying dividends

The Guardian - UK

Acquisitions help Mike Ashley’s Frasers Group make £284m of profit in just six months

Management at the retailer, which is majority-owned by Mike Ashley, said more takeovers could be on the cards

Birmingham Post

Young shoppers help Mike Ashley’s Frasers Group defy UK retail gloom

Many shielded from rising food and energy costs continue to spend as Flannels and Jack Wills owner unveils 53% profit rise

The Guardian - UK

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Manchester Evening News

I Saw It First was bought for only £1 by Mike Ashley's empire as debts reached £13m

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani.

Birmingham Post

Revealed: I Saw It First was bought for £1 by Mike Ashley's Frasers Group and owed £13m to shareholders

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

The Guardian - UK

Christmas party cancellations ‘near Omicron level’ as UK rail strikes loom – as it happened

Hospitality bosses say 30% of bookings have been called off, with rail workers’ walkouts predicted to wipe £1.5bn from revenues

The Guardian - UK

Mike Ashley’s Frasers Group serves Coventry City FC eviction notice

Club has no continuing rights after refusing to sign new tenancy agreement, says stadium’s owner

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Birmingham Post

Can Derbyshire-based Frasers Group meet cost-of-living pressures?

Can Frasers Group outsmart other retailers that have had tough 2022 due to inflation and cost-of-living worries for shoppers

The Guardian - UK

Mike Ashley’s Frasers Group buys London tailor Gieves & Hawkes

Firm that has dressed royalty including King Charles III was on market after previous owner went bust

Wales Online

Joules founder hopes clothing brand still has a future after calling in administrators

Expert reckons Next and Frasers Group could be possible suitors

Birmingham Post

Tom Joule – who started Joules selling wellies at country fairs – hopes brand will live on as administrators called in

Comes as one analyst says, ‘Next and Frasers look logical suitors given their relatively robust position’

The Guardian - UK

Mike Ashley’s Frasers in talks to buy Savile Row tailor Gieves & Hawkes

Suitmaker dating back to 18th century was put up for sale after collapse of Hong Kong-based owner

Birmingham Post

Frasers Group increases stakes in Asos and Hugo Boss

Sports Direct and Flannels owner has ambitions to grow inside and outside of the UK

Asharq Al-Awsat

Mike Ashley's Frasers Raises Hugo Boss Exposure and Buys ASOS Stake

Mike Ashley's Frasers Group has increased its maximum exposure to German fashion house Hugo Boss to 840 million pounds ($954 million) and has built a more than 5% stake in struggling British online fashion retailer ASOS. Frasers, formerly called Sports Direct, is on a drive to move upmarket and said…

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