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The Latest Breaking News from Mike Ashley

Frasers Group criticises management of Mulberry after ditching takeover plans

Mike Ashley’s retail group says it ‘remains concerned about governance’ at luxury brand after final bid rejected

The Guardian - UK

Frasers ditches £111m takeover plans for luxury firm Mulberry

Frasers urged Mulberry to provide a ‘credible’ business plan soon and raised worries over the governance of the fashion firm.

Evening Standard

'The Crown Prince is losing patience' Amanda Staveley's leaked WhatsApp messages suggest Mohammed bin Salman signed off key decisions during the Newcastle United takeover saga, with TV personalities Ant and Dec involved in the push

The lengths businesswoman Staveley went to to broker a deal between Mike Ashley and the Saudi PIF for the sale of Newcastle United have been revealed

FourFourTwo

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Bin Salman heavily involved in Newcastle takeover, messages suggest

Leaked WhatsApp messages from the former Newcastle minority co-owner Amanda Staveley suggest that Mohammed bin Salman was heavily involved in the takeover of the club, it was reported on Sunday

The Guardian - UK

Mike Ashley’s Frasers Group takes £10m stake in online retailer THG

Move is part of THG raising £95.4m to fund demerger of lossmaking technology arm Ingenuity

The Guardian - UK

Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry

Sports Direct owner looks to up 37% stake to 100% amid concerns for future of cash-strapped fashion firm

The Guardian - UK

Frasers Group seeks approval for Mike Ashley to cash in £585m in share buyback

Company wants investors’ permission to buy billionaire’s shares in private deal at market price at the time

The Guardian - UK

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The biggest implosions from Premier League clubs and how Todd Boehly's Chelsea compare

Chelsea are not the only big club in Premier League history to have made some questionable decisions

FourFourTwo

Frasers buys THG’s Coggles website as they unveil partnership deal

Sports Direct owner to acquire luxury goods sites and sell online retailer’s protein powder in its shops

The Guardian - UK

UK gas prices hit highest level of 2024 after crack closes Norwegian pipeline; UK factories return to growth – as it happened

Rolling coverage of the latest economic and financial news, as wholesale gas prices rise after disruption to supplies from Norway

The Guardian - UK

Famous UK Roulette Wins, Stories: Remarkable Moments

Thanks to its spinning wheel and suspenseful ball trip, roulette has captivated gamblers for centuries.

inkl

Evans Cycles store lines its walls with cut-price WiggleCRC stock

Leftover stock being sold off through Wiggle's new stablemate at Mike Ashley's Frasers Group

Cycling Weekly

Frasers’ new director is boyfriend of owner Mike Ashley’s daughter

David Al-Mudallal, who is in a relationship with Matilda Ashley, appointed to Sports Direct parent company’s board

The Guardian - UK

In 2019 Sean Longstaff was linked with a £50 million move to Manchester United, five years on he tells FourFourTwo ‘I’m happy it didn’t happen’

His younger brother Matty famously scored against Manchester United (twice) but it was Sean they wanted. However, a huge price tag meant the move didn’t happen

FourFourTwo

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Bike Perfect

Mike Ashley's Frasers Group to relaunch Chain Reaction and Wiggle websites and look to continue MTB brands Nukeproof, Vitus and Ragley

After months of speculation, details emerged on the future of WiggleCRC and their in-house brands

Evening Standard

Mike Ashley might get more hands-on again at Frasers after Matches disaster

City Comment: It’s possible Ashley is on the phone to son-in-law Michael Murray today — “Erm, son, just tell me again why that was a good idea?”

Bike Perfect

Chain Reaction has finally run out of Wiggle room, but will we learn any lessons from the death of the 'world's biggest bike shop'?

What impact will the collapse of Wiggle and Chain Reaction really have? In this week's Bespoken Word column, Guy Kesteven sifts through the wreckage of cycling’s biggest retailer collapse disaster

Cycling Weekly

Would a Mike Ashley takeover of Wiggle be a ‘concern to the cycle industry’ or a ‘careful bit of business’? - Insiders weigh in as redundancies lead to trade brain drain

Struggling retailer has now axed nearly every member of staff after going into administration last year

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news in one place.

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The Guardian - UK

Mike Ashley victim of ‘abuse’ by US bank Morgan Stanley, high court hears

Frasers Group suing over $900m cash demand linked to bets placed on shares in German retailer Hugo Boss

The Guardian - UK

‘Big mausoleums of stuff’: Cheltenham is latest town to mourn loss of beloved department store

In an age when we love bagging bargains online, locals and experts in one of the UK’s most affluent towns debate whether there’s any future in high-street retailing

FourFourTwo

The most hated people in football

Ranking the game's most loathed individuals

The Guardian - UK

Will Jim Ratcliffe’s stake in Manchester United lighten damp air at Old Trafford?

A minority shareholding can hold significant power but Jim Ratcliffe’s stake may not mark the beginning of the end for the Glazers at Manchester United

The Guardian - UK

Frasers Group warns of ‘softening’ in global luxury market as sales fall

Cost of living crisis partly responsible but total sales at Mike Ashley’s company rise

The National (Scotland)

Hibs and Dundee should be wary of 'third force' promises amid feeder club fears

Fans of Hibs and Dundee will know that outside investment isn't always something to get excited about...

The Guardian - UK

Fridge magnate: John Roberts, the man who founded AO World ‘for a bet’

The boss who sells us appliances by the thousand is chilled about Mike Ashley’s stake in the company, but hot on recycling and the need for the rich to give back

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