Frasers Group: What Mike Ashley’s retail empire’s endgame could be after Boohoo, Asos, Currys, AO and N Brown investments January 19, 2024 City AM's UK Editor Jon Robinson asks why Frasers Group has continued increasing its stakes in the likes of Boohoo and Asos and what the endgame could be.
Mike Ashley beefs up Frasers with bargain Matchesfashion deal December 20, 2023 Retail tycoon Mike Ashley has bought yet another struggling retail brand, snapping up Matchesfashion in a discounted deal.
Frasers Group: I Saw It First faces court battle with Turkish supplier after £1 deal December 18, 2023 I Saw It First, the British fast-fashion company backed by Mike Ashley’s Frasers Group, is being dragged to court over a legal battle with a Turkish textile firm. Fabulous Textiles has instructed small UK law firm Blackstone Solicitors to file a claim against the online retailer which shot to stardom thanks to collaborations with Love [...]
Shein is plotting world domination, should UK retailers be worried? November 2, 2023 It is expected that Shein’s chokehold on shoppers will get even greater after acquiring its first UK company earlier this week.
Mike Ashley’s Frasers offloads Missguided to Shein just one year after acquisition October 30, 2023 Frasers Group will retain Missguided’s real estate and employees which have already been blended into the Sports Direct owners fashion division.
Frasers Group snaps up SportScheck in athletic shopping spree October 17, 2023 Frasers Group, said that the sale was backed by sport powerhouses Nike and Adidas who are assisting the business in its expansion strategy.
Michael Murray insists he is running Frasers, not Mike Ashley October 8, 2023 The boss of Frasers Group Michael Murray has insisted he is the one making decisions at the retail firm, not his father-in-law Mike Ashley.
Mike Ashley’s Frasers Group drags Morgan Stanley boss to court seeking £50m in damages September 22, 2023 Mike Ashley’s Frasers Group has dragged the chief executive of Morgan Stanley into a UK legal battle over a $1bn (£814m) margin call regarding Hugo Boss trade. In a New York court filing lodged earlier this week, seen by The Telegraph, the retail group asked the court to make James Gorden hand over documents and [...]
Mike Ashley’s Frasers in talks to offload Missguided to Chinese fast fashion giant Shein September 18, 2023 Mike Ashley’s Frasers Group is reportedly in talks to offload its online clothing brand Missguided to Chinese fast fashion giant Shein. Frasers, which owns the high street favourites such as Sports Direct and Jack Wills, bought Missguided for £20m last year after it collapsed into administration. As part of the rescue deal, the Manchester business kept [...]
Frasers: Chief calls for reform of ‘outdated’ business rates regime September 18, 2023 The boss of Frasers Group, Michael Murray, has described the business rates regime as a “disaster” and urged the government to overhaul the system.