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The Independent UK
The Independent UK
National
Henry Saker-Clark

Mike Ashley-backed Studio Retail Group to file for administration

Studio Mike Ashley London Stock Exchange
PA Wire

Studio Retail Group, which counts Mike Ashley’s Frasers Group as its biggest investor, is to hire administrators after failing to secure an urgent £25 million loan.

The online retail business, which was known as Findel until 2019, has now had its shares suspended on the London Stock Exchange as a result.

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