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The Latest Breaking News from Frasers

Young shoppers help Mike Ashley’s Frasers Group defy UK retail gloom

Many shielded from rising food and energy costs continue to spend as Flannels and Jack Wills owner unveils 53% profit rise

The Guardian - UK

I Saw It First was bought for only £1 by Mike Ashley's empire as debts reached £13m

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani.

Manchester Evening News

Revealed: I Saw It First was bought for £1 by Mike Ashley's Frasers Group and owed £13m to shareholders

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

Birmingham Post

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Christmas party cancellations ‘near Omicron level’ as UK rail strikes loom – as it happened

Hospitality bosses say 30% of bookings have been called off, with rail workers’ walkouts predicted to wipe £1.5bn from revenues

The Guardian - UK

Mike Ashley’s Frasers Group serves Coventry City FC eviction notice

Club has no continuing rights after refusing to sign new tenancy agreement, says stadium’s owner

The Guardian - UK

Can Derbyshire-based Frasers Group meet cost-of-living pressures?

Can Frasers Group outsmart other retailers that have had tough 2022 due to inflation and cost-of-living worries for shoppers

Birmingham Post

Mike Ashley’s Frasers Group buys London tailor Gieves & Hawkes

Firm that has dressed royalty including King Charles III was on market after previous owner went bust

The Guardian - UK

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Joules founder hopes clothing brand still has a future after calling in administrators

Expert reckons Next and Frasers Group could be possible suitors

Wales Online

Tom Joule – who started Joules selling wellies at country fairs – hopes brand will live on as administrators called in

Comes as one analyst says, ‘Next and Frasers look logical suitors given their relatively robust position’

Birmingham Post

Mike Ashley’s Frasers in talks to buy Savile Row tailor Gieves & Hawkes

Suitmaker dating back to 18th century was put up for sale after collapse of Hong Kong-based owner

The Guardian - UK

Frasers Group increases stakes in Asos and Hugo Boss

Sports Direct and Flannels owner has ambitions to grow inside and outside of the UK

Birmingham Post

Mike Ashley's Frasers Raises Hugo Boss Exposure and Buys ASOS Stake

Mike Ashley's Frasers Group has increased its maximum exposure to German fashion house Hugo Boss to 840 million pounds ($954 million) and has built a more than 5% stake in struggling British online fashion retailer ASOS. Frasers, formerly called Sports Direct, is on a drive to move upmarket and said…

Asharq Al-Awsat

Frasers builds 5% stake in Asos to become fourth-largest investor

Mike Ashley’s increased holding comes after online retailer reported slowing sales and full-year loss

The Guardian - UK

Frasers breaches majority share threshold in MySale takeover battle

Mike Ashley’s retail group clear for takeover as owner of 50.59% of MySale stock

Evening Standard

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Birmingham Post

Investigation launched into Mazars audit of Frasers-owned Studio Retail Group

The industry watchdog said it's investigating statements up to March 26

Evening Standard

Regulator starts Frasers-owned Studio Retail Group audit enquiry

Mike Ashley’s business snatched retailer from jaws of administrators for £26.8 million

Evening Standard

Frasers prepares ground for takeover of Australian retailer MySale

Owner of Sports Direct and Missguided ups share landgrab for discounter

Birmingham Post

Frasers Group set to create 7,500 jobs with new global HQ campus

Owner of brands such as Sports Direct and Evans Cycles is eyeing vacant land in the West Midlands to build a new office, R&D and leisure hub

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Birmingham Post

Meet the new names coming to the Derbion shopping centre in Derby

New signings come after Derbion announced a £2 million investment into the refurbishment of its food court

The Guardian - UK

The only party not getting heartburn over GSK demerger is the lawyers

The depressing outcome of the split is a legal challenge in the US over Zantac that will run on for years

Manchester Evening News

Frasers director Mike Ashley to step down after 40 years

The founder has pledged to lend £100 million to the business despite stepping down from his role.

Daily Record

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

Mr Ashley is to step down as a director of its owner Frasers Group next month after handing over power to Michael Murray.

The National (Scotland)

Mike Ashley to quit Frasers Group with £100m loan as parting gift

BILLIONAIRE retail magnate Mike Ashley is to step down as a director of Sports Direct owner Frasers Group next month, but has agreed to lend…

Birmingham Post

Billionaire retailer Mike Ashley quitting Frasers board

Retail tycoon worth around £2.4 billion founded the Sports Direct business 40 years ago

Daily Mirror

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

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