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The Latest Breaking News from Frasers Group

After entering administration last month, Frasers Group-owned UK retailer Game is officially closing the rest of its standalone stores

Long-running UK retailer Game is officially closing the last of its standalone stores, after entering administration last month. It's also confirmed that managing director Nick Arran is exiting the company after nine years.

TechRadar

‘Tough market conditions’ hit UK half-year retail sales at Frasers Group

Owner of Sports Direct chain says consumer confidence ‘very subdued’ with sales at sports division down 5.8%

The Guardian - UK

Frasers shrugs off retail woes as luxury brand returns to growth

Frasers pointed to ‘green shoots’ in the luxury market, which has weakened in recent years against a tougher climate for consumers.

Evening Standard

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Frasers moves into mini-golf and trampolining with We Do Play investment

It is the retail group’s first move into the UK leisure market.

Evening Standard

Boohoo founder should be investigated over debt collection, says Mike Ashley

Mr Ashley’s Frasers Group – which owns an almost 29% stake in Boohoo – said it had ‘very serious concerns’ over reports about Mahmud Kamani’s conduct.

Evening Standard

Major UK PC retailer, Ebuyer, bought out of administration by notorious backer — PC component listings mostly nuked in favor of furniture, garish iPhone cases, and air fryers as Frasers Group takes the helm

Long-time PC and component retail website, Ebuyer, has been bought out by Frasers Group, which owns House of Fraser, Game, and Jack Wills, among other companies.

Tom’s Hardware

Frasers Group sales fall amid ‘challenging’ luxury market and retreat from gaming

Pre-tax profits fall 24% despite rise in Sports Direct sales, driven by closures of House of Fraser and Game stores

The Guardian - UK

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Mike Ashley’s Fraser Group withdraws Revolution Beauty takeover bid

The beauty brand has faced significant challenges, with its shares recently plummeting to an all-time low amid tumbling sales

The Independent UK

Frasers Group considers takeover deal for Revolution Beauty

Mike Ashley’s retail giant ‘is one of a number of parties conducting due diligence’ on the business.

Evening Standard

Sports Direct pricing practices ‘may be breaking the law’, Which? says

Consumer group makes claims of ‘some questionable and dodgy pricing tactics’ on retailer’s website

The Guardian - UK

Sports Direct pricing could be misleading shoppers, Which? claims

Which? has reported Sports Direct to the competition watchdog following tip offs over the retail giant’s use of ‘Recommended Retail Prices’.

The Independent UK

Sports Direct ‘ripping off’ customers with misleading deals

Which? said it was tipped off about ‘suspicious’ RRPs by readers, and proceeded to look at the pricing of 160 popular products

The Independent UK

Major Retailer Closing Its Store In A UK Shopping Centre As More People Shop Online, Other Branches Also Closing

Tessuti has closed its doors at Sheffield's Meadowhall Shopping Centre, reflecting a broader trend of store closures and retail restructuring across the UK.

International Business Times UK

Boohoo to rebrand as Debenhams despite Frasers Group’s vote to block it

Shareholder meeting turned into latest episode in battle between fashion retailer and Mike Ashley’s retail empire

The Guardian - UK

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The Guardian - UK

What next for Mike Ashley’s patchwork retail empire?

The tycoon’s Frasers Group faces a tricky next chapter after decades of relentless deal-making

The Guardian - UK

Frasers Group says two-thirds of retail staff are still on zero-hours contracts

MPs examining plans for legislation were told 11,500 staff on the contracts, which do not guarantee weekly shifts

Evening Standard

Boohoo sells London office in Soho for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK

The Independent UK

Boohoo sells London office for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK.

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Evening Standard

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle

Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.

Evening Standard

London stocks dip after UK economy contracts

London’s top flight finished 11.43 points, or 0.14%, lower to end the day at 8,300.33.

Evening Standard

Boohoo says Frasers Group can have seat on board – but not Mike Ashley

Boohoo chair Tim Morris said Mr Ashley is ‘not appropriate’ for a board seat because of ‘obvious conflict points’.

The Guardian - UK

Mike Ashley has the right critique of Boohoo. But he doesn’t belong on its board

The online retailer needs a shake-up – but the Sports Direct supremo is far from an unconflicted party

The Guardian - UK

Boohoo wins influential adviser’s support in battle with Mike Ashley

ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’

Evening Standard

FTSE 100 treads water as Frasers shares tumble after profit downgrade

The blue-chip index lifted 13.57 points, or 0.16%, to close at 8,349.38.

The Independent UK

Frasers cuts profit outlook amid ‘weaker’ shopper confidence around Budget

It came as the Mike Ashley-founded firm revealed a slump in sales for the past half-year, and lower profits

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