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The Latest Breaking News from Frasers

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…

Asharq Al-Awsat

Frasers builds 5% stake in Asos to become fourth-largest investor

Mike Ashley’s increased holding comes after online retailer reported slowing sales and full-year loss

The Guardian - UK

Frasers breaches majority share threshold in MySale takeover battle

Mike Ashley’s retail group clear for takeover as owner of 50.59% of MySale stock

Evening Standard

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Investigation launched into Mazars audit of Frasers-owned Studio Retail Group

The industry watchdog said it's investigating statements up to March 26

Birmingham Post

Regulator starts Frasers-owned Studio Retail Group audit enquiry

Mike Ashley’s business snatched retailer from jaws of administrators for £26.8 million

Evening Standard

Frasers prepares ground for takeover of Australian retailer MySale

Owner of Sports Direct and Missguided ups share landgrab for discounter

Evening Standard

Frasers Group set to create 7,500 jobs with new global HQ campus

Owner of brands such as Sports Direct and Evans Cycles is eyeing vacant land in the West Midlands to build a new office, R&D and leisure hub

Birmingham Post

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Meet the new names coming to the Derbion shopping centre in Derby

New signings come after Derbion announced a £2 million investment into the refurbishment of its food court

Birmingham Post

The only party not getting heartburn over GSK demerger is the lawyers

The depressing outcome of the split is a legal challenge in the US over Zantac that will run on for years

The Guardian - UK

Frasers director Mike Ashley to step down after 40 years

The founder has pledged to lend £100 million to the business despite stepping down from his role.

Manchester Evening News

Mike Ashley quits as director of Sports Direct group as son-in-law left in charge

Mr Ashley is to step down as a director of its owner Frasers Group next month after handing over power to Michael Murray.

Daily Record

Mike Ashley to quit Frasers Group with £100m loan as parting gift

BILLIONAIRE retail magnate Mike Ashley is to step down as a director of Sports Direct owner Frasers Group next month, but has agreed to lend…

The National (Scotland)

Billionaire retailer Mike Ashley quitting Frasers board

Retail tycoon worth around £2.4 billion founded the Sports Direct business 40 years ago

Birmingham Post

Mike Ashley quits as director of Sports Direct group - leaving son-in-law in charge

Mike Ashley is to step down as a director of Sports Direct owner Frasers Group next month after handing over the reins to his son-in-law and new chief executive Michael Murray

Daily Mirror

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Chronicle Live

Mike Ashley to step down from the board of Sports Direct owners Frasers Group

The former Newcastle United owner says he 'feels confident passing the baton' to his son-in-law Michael Murray who has led on 'elevation strategy'

The Guardian - UK

City braces for sharp hike in UK interest rates; Roubini predicts ‘long, ugly’ recession – as it happened

Money markets suggest the Bank of England could raise rates from 1.75% to 2.5% this week, and 3.75% by end of 2022, as policymakers try to get to grips with soaring inflation

Evening Standard

Mike Ashley to stand down from Frasers board

Company includes Sports Direct, House of Fraser and Jack Wills high street brands

The Guardian - UK

Mike Ashley to step down from Frasers Group board

Retail tycoon to remain as the controlling shareholder of Sports Direct and House of Fraser owner

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news in one place.

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Insider UK

Fraser's chief Mike Ashley set to step down

Group owner is also planning to back the business with around £100m of funding

The Guardian - UK

Mike Ashley’s retail empire poised for FTSE 100 return

Frasers Group to take up slot vacated by defence firm Meggitt, which was bought by US rival

Birmingham Post

Frasers Group reveals plans for trio of flagship Flannels stores

Huge new stores with more than 80,000 sqft of shopping space will open in the North East, Leeds and Cardiff

Birmingham Post

How Missguided collapsed owing more than £80m before being rescued by Frasers Group

Missguided was bought by Frasers Group in a £20m deal

Manchester Evening News

I Saw It First: How fashion brand worn by Love Island stars with Boohoo links followed in Missguided's footsteps

I Saw It First was founded in 2017 by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

The Guardian - UK

Missguided suppliers expected to be paid less than 2% of £30m owed

Administrator’s report reveals how little may go to those left unpaid after collapse of online fashion firm

The Guardian - UK

Frasers snaps up I Saw It First as it builds online fashion portfolio

Sale comes after purchase of Missguided and earlier acquisition of Studio Retail

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