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The Latest Breaking News from Frasers Group

Frasers strengthens hold on Hugo Boss as Michael Murray made chairman

Michael Murray, Frasers’ chief executive, was appointed by the supervisory board of Hugo Boss.

Evening Standard

Hugo Boss chairman to step down after pressure from Mike Ashley’s Frasers

Sports Direct owner Frasers said it will now appoint a second representative onto Hugo Boss’s board after increasing its ownership of the brand.

Evening Standard

Hugo Boss Ends Share Buyback as Frasers Group Pushes Toward Majority Control

Hugo Boss has suspended its share buyback program after Frasers Group revealed plans to increase its ownership stake in the German fashion company beyond 50%

The Fashion Central

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Sports Direct owner Mike Ashley tightens hold on Hugo Boss

Frasers Group increases stake in German fashion house to 48%, after buying Harvey Nichols chain last week

The Guardian - UK

Frasers ups stake in Hugo Boss after bidding to buy entire brand

The retail giant behind Sports Direct and House of Fraser said it had increased its shareholding of the German fashion brand to nearly 48%.

Evening Standard

Mike Ashley’s Frasers increases stake in Hugo Boss after plotting takeover bid

The move to buy more shares in Hugo Boss comes hot on the heels of Frasers’ acquisition of Harvey Nichols

The Independent UK

Harvey Nichols Saved by Sports Direct Owner Mike Ashley After Luxury Retailer Warned It Could Run Out of Cash

Frasers Group has acquired Harvey Nichols, saving over 1,000 jobs. The deal includes UK stores and international franchises, with plans for significant restructuring to revitalise the luxury retailer.

International Business Times UK

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Luxury British department store bought by Sports Direct’s Mike Ashley

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The Independent UK

Harvey Nichols bought by Mike Ashley firm after going into administration

It comes after an auction process for Harvey Nichols which saw Frasers battle retail rival Next to take control of the brand

Evening Standard

Harvey Nichols purchased by Sports Direct boss Mike Ashley in rescue deal

Harvey Nichols warned in its latest accounts that it would need to ‘cease trading’ within a year if it failed to secure fresh funding

The Independent UK

Harvey Nichols bought from administration by Mike Ashley’s Frasers

It comes after an auction process for Harvey Nichols which saw Frasers battle retail rival Next to take control of the brand.

Evening Standard

Sports Direct owner Mike Ashley buys Harvey Nichols

Frasers Group acquires majority of upmarket retailer’s sites from the administrators

The Guardian - UK

Harvey Nichols warns it could collapse without rescue deal, as bidders circle

Mike Ashley’s Frasers Group is frontrunner to buy Knightsbridge-headquartered department store chain

The Guardian - UK

Hugo Boss calls for investors to reject ‘inadequate’ Frasers Group offer

Hugo Boss’s management and supervisory board said they ‘unanimously recommend that shareholders do not accept’ the offer.

Evening Standard

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The Independent UK

Hugo Boss urges investors to reject Mike Ashley’s ‘inadequate’ €2 billion takeover bid

The retail giant behind Sports Direct and House of Fraser currently owns around 26 per cent of Hugo Boss

International Business Times UK

Six Underrated Stocks Britain's Top Fund Managers Believe Could Deliver Long-Term Growth

Six top fund managers reveal their favourite under-the-radar investments in healthcare, finance, retail, energy, and consumer goods with long-term growth potential despite risks.

Evening Standard

Frasers Group launches £166m offer to take full control of Australia’s Accent

Frasers currently owns a 22.9% stake in Accent but has now sought to take full ownership, amid a recent flurry of dealmaking by the UK firm.

The Guardian - UK

Hugo Boss shares jump as it ‘thoroughly examines’ Frasers’ takeover offer

Mike Ashley’s retail group has made near-€2bn bid for the German fashion house, in which it holds a 26% stake

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Evening Standard

Sports Direct owner Frasers launches takeover bid for Hugo Boss

Frasers is offering to pay around 1.98 billion euro (£1.73 billion) to buy remaining shares and take full control of the fashion firm.

The Independent UK

Sports Direct owner launches €2 billion takeover bid for Hugo Boss

The UK retail giant has a current market value of around £3.45 billion

TechRadar

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.

The Guardian - UK

‘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%

Evening Standard

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

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.

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