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The Independent UK
The Independent UK
National
Simon Neville

Mike Ashley’s Frasers buys Studio Retail out of administration for £26.8m

Studio Retail Frasers Mike Ashley
PA Archive

Mike Ashley’s Frasers Group has bought online retail business Studio Retail out of administration, saving 1,500 jobs, it said.

The company behind Sports Direct and Evans Cycles bought the firm for £26.8 million after it went bust earlier this month and saw its shares suspended from the stock market.

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