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The Latest Breaking News from Frasers

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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Burnham’s plans to revive high street are ‘delusional’, Mike Ashley says

The Frasers founder has heavily criticised the prime minister, warning that shops will be ‘further devastated’ unless business rates are cut

The Independent UK

Andy Burnham’s plans to revive high street are ‘delusional’ – Mike Ashley

The businessman also accused the Prime Minister of picking good media soundbites rather than addressing the country’s underlying financial issues.

Evening Standard

‘Penchant for bling’: can Sports Direct’s Mike Ashley take a bigger slice of luxury retail?

Frasers billionaire bought Harvey Nichols and increased Hugo Boss stake despite tough times for high-end stores

The Guardian - UK

Footwear giant vows to step up after first loss

The owner of sneaker chains Platypus, Skechers and The Athlete's Foot is regaining its footing after its first loss in its two decades as a listed company.

AAP

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Can Mike Ashley make Harvey Nichols absolutely fabulous again?

It’s an unlikely union — but the Sports Direct tycoon could be the right man to turn the fading icon around, writes Chris Blackhurst

Evening Standard

FTSE 100 holds modest gains with oil stocks up amid rising prices

The FTSE 100 index closed up 7.74 points, or 0.1%, at 10,728.04.

Evening Standard

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

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

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The Independent UK

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

Evening Standard

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.

The Guardian - UK

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

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Evening Standard

OPINION - Harvey Nicks needs saving, but Frasers? I’m absolutely flabbergasted

Throughout the 1990s, you couldn’t hear the words ‘fashion’ and ‘London’ without thinking of Harvey Nichols. Its future after being bought by Frasers feels distinctly uninspiring, writes Victoria Moss

The Independent UK

Frasers Group revenue soars from takeovers despite Sports Direct struggles

Frasers is continuing to seek growth through takeovers

Evening Standard

Takeover deals boost Sports Direct owner Frasers amid ‘tough’ backdrop

It comes as Mike Ashley’s retail vehicle continues to pursue a raft of further deals, including potential takeovers for Hugo Boss and Harvey Nichols.

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

Evening Standard

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.

The Guardian - UK

The best wellies for everyone, tried and tested on countless muddy strolls

Whether you’re walking the dog, puddle-jumping with kids or dancing in a soggy festival field, these are the wellington boots that topped our tests for comfort, support and grip

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.

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Catherine Shuttleworth

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Dickson Poon

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