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Birmingham Post
Birmingham Post
Business
Jon Robinson

Mike Ashley's Frasers Group in talks with THG over ProBikeKit deal

Mike Ashley THG Frasers Group Adidas Michelin Raleigh BusinessLive Apollo

Mike Ashley's retail empire is in talks with THG over a deal to acquire one of its brands.

Frasers Group, through its subsidiary Evans Cycles, is seeking to acquire the stock and intellectual property assets of ProBikeKit.

BusinessLive reported in April that Manchester-headquartered online retail and software group THG was to close ProBikeKit which it had bought in 2013.

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