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The Latest Breaking News from Mike Ashley

Frasers pulls out of bidding for Revolution Beauty after mulling takeover

Frasers, the retail giant which owns Sports Direct and Flannels, said it ‘now confirms that it does not intend to make an offer’ to buy the business.

Evening Standard

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

‘Nepo babies should be doing stuff like this’: are rich people ruining or reviving UK club culture?

London’s underground dance scene is increasingly funded by inherited wealth. From Mike Ashley’s son to a Tetra Pak heir, moneyed promoters explain their motivations

The Guardian - UK

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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

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

Eddie Howe holds emotion as he seeks to end Newcastle’s 70-year drought

The 1955 FA Cup was Newcastle’s last domestic trophy but Sunday’s Carabao Cup final against Liverpool is a chance for glory

The Guardian - UK

Toy firm Hornby unveils plans to go private

The Scalextric and model train firm said it plans to re-register as a private company to help with its ongoing overhaul.

The Independent UK

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Contrasting 50-year paths lead Liverpool and Newcastle to Wembley reunion

The Magpies have not won a major domestic trophy since 1955.

The Independent UK

Boohoo rebrands as Debenhams amid drop in youth labels’ sales

Chief executive says sales figures are down by more than a fifth but its brands still carry ‘significant potential’

The Guardian - UK

$Halliday makes 'wrong side of history' Rangers claim, talks fractured relationships$

Halliday makes 'wrong side of history' Rangers claim, talks fractured relationships

Andy Halliday reckons the relationship between Rangers supporters and the club hasn't been this fractured for "a long time".

The National (Scotland)

Hornby cheers festive trading boost as it attracts new customers

Hornby said sales lifted 7% in the quarter to December 31, with 23% revenue growth for December alone.

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

Evening Standard

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.

The Independent UK

Wall Street stocks rally at end of choppy week for global markets

It was a mixed session for global stocks as investors continue to digest key economic releases and central bank signals.

Evening Standard

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The Guardian - UK

Boohoo shareholders vote to block Mike Ashley from joining board

Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike Lennon

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

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

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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

Boohoo gains backing of proxy adviser in boardroom spat with Frasers

Boohoo said Institutional Shareholder Services (ISS) had recommended shareholders vote against the plans on December 20.

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

Evening Standard

Mike Ashley met by ‘stone wall’ in data bid after £13m HMRC dispute, court told

The Frasers Group founder is bringing legal action against the tax body over allegedly ‘extensive’ breaches of data protection obligations.

Evening Standard

Frasers Group to shed light on consumer demand ahead of key Christmas period

Frasers Group will update investors on its performance over the past six months on Thursday December 5.

Evening Standard

Mike Ashley’s Frasers buys £3m stake in Marks Electrical

In a stock market filing, Marks revealed that Frasers has bought 6.73 million shares in the business.

The Guardian - UK

Chronic pain and ravaged mental health: this is the brutal reality of Britain’s new working class

The story of former Amazon worker Karolina Sobczak reveals much about the people who keep our society running – at huge personal cost, says Guardian columnist Aditya Chakrabortty

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