Frasers reaps rewards of e-tailer takeovers as sales swell December 8, 2022 Sports Direct owner Frasers has seen profit leap up after a slew of high street and e-commerce acquisitions, backing its full-year expectations. The House of Fraser owner said it was confident in existing guidance for adjusted profit before tax of between £450m to £500m for this financial year. The retail titan posted a 53 per [...]
Mike Ashley’s Frasers in late stage talks for Gieves & Hawkes takeover November 14, 2022 Frasers Group is reportedly in late stage talks to seal a deal for Gieves & Hawkes, a beleaguered tailor which previously dressed Sir Winston Churchill and Queen Elizabeth II. Mike Ashley’s empire is swooping in for the Savile Row retailer after its Hong Kong-based owner fell into administration, Sky News first reported. The popularity of [...]
Frasers Group nabs stake in JD Williams and Simply Be owner October 12, 2022 Frasers Group has snagged a 4.5 per cent stake in online retailer and JD Williams owner N Brown, as the retailer continues to put its stamp on the UK high street. The Sports Direct owner is now the sixth-largest shareholder of the Jacamo and Simply Be owner. “We are always pleased to welcome new shareholders [...]
Frasers edges closer to MySale takeover October 3, 2022 Frasers Group has inched further towards a takeover of My Sale, after snaring a 50 per cent stake in the Australian e-commerce firm. The Sports Direct owner upped its stake in the business, after snaring 100,000,000 MySale shares from investment firm Jackson Family Capital and 62,145,385 MySale shares from former vice-chairman and founder of the [...]
Mike Ashley to relinquish director role on Frasers’ board September 20, 2022 Frasers Group founder Mike Ashley will relinquish his role as a director on the Sports Direct owner’s board. Ashley will not be standing for re-election as a director at the high street giant’s Annual General Meeting, Frasers announced on Tuesday. The former CEO, who handed the reins of his retail empire over to son-in-law Michael [...]
Frasers bid for majority stake in Aussie fashion marketplace MySale rejected September 16, 2022 Frasers’ bid to become the largest shareholder in Australian fashion marketplace MySale has ben rejected. Mike Ashley’s fashion empire Frasers, which also owns Sports Direct, offered to buy a 28.7 per cent stake in the company at 2p per share in late June. The offer was the minimum price Frasers could have offered MySale, which [...]
Sports Direct owner Frasers makes re-entry into FTSE 100 September 13, 2022 Sports Direct owner Frasers has made a return to the London Stock Exchange’s FTSE 100. The retailer re-joined the blue-chip index on Tuesday, according to its new chief executive officer Michael Murray. In a LinkedIn post, the CEO said the “significant milestone reflects the strength of our strategy and the strong performance that Frasers Group [...]
Michael Murray: Frasers ‘increasing efforts’ to reach out to City investors September 12, 2022 The new boss of Frasers has pledged to repair relations between the retailer and the City. In an interview with The Financial Times, Michael Murray said the Sports Direct owner was “definitely going to be increasing its efforts” to reach out to investors. The retailer was presently recruiting for an investor relations manager, as well [...]
Frasers Group makes cash offer for Australia’s My Sale August 17, 2022 Sports Direct owner Frasers Group has made a cash offer to snag the Australian e-commerce site MySale, after becoming its largest shareholder. Mike Ashley’s retail emporium announced the offer for a 100 per cent stake in the firm on Wednesday morning, at a price of 2p per share. Frasers presently holds a 28.7 per cent [...]
Frasers Group acquires fast fashion website I Saw It First after rescuing Missguided July 28, 2022 Mike Ashley’s retail emporium Frasers has inked a deal to acquire fast fashion firm I Saw It First. In an announcement on the London Stock Exchange on Thursday morning, the Sports Direct owner confirmed The Telegraph’s reports that it was to poach the website. I Saw It First was created by Jalal Kamani in 2017, [...]