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The Latest Breaking News from Frasers Group

Mike Ashley quits as director of Sports Direct group - leaving son-in-law in charge

Mike Ashley is to step down as a director of Sports Direct owner Frasers Group next month after handing over the reins to his son-in-law and new chief executive Michael Murray

Daily Mirror

Mike Ashley to step down from the board of Sports Direct owners Frasers Group

The former Newcastle United owner says he 'feels confident passing the baton' to his son-in-law Michael Murray who has led on 'elevation strategy'

Chronicle Live

City braces for sharp hike in UK interest rates; Roubini predicts ‘long, ugly’ recession – as it happened

Money markets suggest the Bank of England could raise rates from 1.75% to 2.5% this week, and 3.75% by end of 2022, as policymakers try to get to grips with soaring inflation

The Guardian - UK

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FTSE 100 Live: Mike Ashley to step down, central banks in focus

Sports Direct owner Frasers Group today announced that founder Mike Ashley is to step down from the board after next month’s AGM.

Evening Standard

Mike Ashley to stand down from Frasers board

Company includes Sports Direct, House of Fraser and Jack Wills high street brands

Evening Standard

Mike Ashley to step down from Frasers Group board

Retail tycoon to remain as the controlling shareholder of Sports Direct and House of Fraser owner

The Guardian - UK

Fraser's chief Mike Ashley set to step down

Group owner is also planning to back the business with around £100m of funding

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Mike Ashley's cheeky 2p per share bid rejected by fashion firm

Former Newcastle United owner's low offer was not 'fair and reasonable' and causes another clash with Sir Philip Green

Chronicle Live

Frasers takeover bid rejected by Australian fashion hub MySale

Mike Ashley’s business has recently conducted a fashion brand acquisition spree

Evening Standard

Mike Ashley’s retail empire poised for FTSE 100 return

Frasers Group to take up slot vacated by defence firm Meggitt, which was bought by US rival

The Guardian - UK

Boohoo co-founder Mahmud Kamani revealed as investor in Frasers Group target MySale

Frasers Group issued an offer for MySale last month

Birmingham Post

Frasers Group reveals plans for trio of flagship Flannels stores

Huge new stores with more than 80,000 sqft of shopping space will open in the North East, Leeds and Cardiff

Birmingham Post

Kamani family leave fashion brand after Frasers Group takeover

The company was acquired for an undisclosed sum at the end of July

Birmingham Post

How Mike Ashley's Frasers Group bought Studio Retail Group, Missguided and I Saw It First

BusinessLive reveals why Frasers Group splashed the cash for the three companies

Birmingham Post

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Birmingham Post

Hundreds of flats for young professionals completed in £52m high-rise scheme

The scheme was designed by Jon Matthews Architect

Birmingham Post

Recruiter for Mastercard, Barclays and On The Beach to relocate city centre headquarters

Maxwell Bond is to move to the Tootal Buildings in the autumn

Birmingham Post

Gusto and The Alchemist backer buys majority stake in international recruitment agency

Skills Alliance is Palatine's third transaction in the life science sector in the last 18 months

Birmingham Post

Everton to create digital shirts for supporters to wear in the Metaverse

The initial Everton-themed collection will be available later this year

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Birmingham Post

Details of £3.5m donation by THG founder Matthew Moulding to battle homelessness in Manchester revealed

Matthew Moulding sold some of his shares in THG last month to free up funds for the donation

Birmingham Post

Famous Liverpool hotel fails to sell after £12.5m asking price not met

The hotel was launched by Signature Living in 2014 before it fell into administration

Manchester Evening News

New documents show how debts at Manchester-based Missguided spiralled to £80m before collapse

The online fashion brand was bought for £20m by Frasers Group at the start of June

Birmingham Post

JD Sports sells Footasylum to German group for almost £40m

JD Sports first agreed to buy Footasylum in March 2019 for £90m

Birmingham Post

How Missguided collapsed owing more than £80m before being rescued by Frasers Group

Missguided was bought by Frasers Group in a £20m deal

Manchester Evening News

I Saw It First: How fashion brand worn by Love Island stars with Boohoo links followed in Missguided's footsteps

I Saw It First was founded in 2017 by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

The Guardian - UK

Frasers snaps up I Saw It First as it builds online fashion portfolio

Sale comes after purchase of Missguided and earlier acquisition of Studio Retail

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