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The entrance to a big white Frasers department store

Frasers appoints insider Jon Thompson as chair

British sportswear and fashion retailer Frasers has today appointed insider Jon Thompson as the chair of its board, after announcing that David Daly will be stepping down.

Business • 29 Aug

Frasers Group takes control of Norway's XXL

UK sportswear and fashion group Frasers said that, according to preliminary results, it now controls over 92% of share capital in the struggling Norwegian sporting goods retailer XXL.

Business • 29 May

Frasers said in March it planned to make a mandatory offer for the Norwegian retailer

XXL board recommends shareholders against Frasers' offer

Norwegian retailer XXL ASA's board of directors has recommended its shareholders against accepting a buyout offer from Britain's Frasers, saying that it did not reflect the company's long-term earnings potential.

Business • 06 May

Boohoo is now willing to offer its largest shareholder Frasers one board seat if it put forward an 'appropriate candidate' other than current nominees Mike Ashley and Mike Lennon

Boohoo willing to offer Frasers one board seat

British online fashion retailer Boohoo said today it was willing to offer its largest shareholder Frasers one board seat but would not recommend the appointment of Mike Ashley and Mike Lennon.

Business • 13 Dec 24

Frasers has launched a bid to takeover Oslo-listed sporting goods retailer XXL ASA

Frasers in bid to takeover Norway's XXL ASA

British sportswear and fashion group Frasers has today launched a bid to takeover Norwegian sporting goods retailer XXL ASA, saying it did not agree with the Oslo-listed company's plan to issue more shares.

Business • 06 Dec 24

Frasers, the British sportswear and fashion retailer, is majority owned by Mike Ashley

Frasers lowers top end of its profit outlook

UK retailer Frasers said a drop in consumer confidence sparked by the new UK Labour government's tax hiking budget had forced it to lower its annual profit guidance.

Business • 05 Dec 24

Boohoo's biggest shareholder, Frasers, is stepping up pressure for a more radical management shake-up of the online fashion retailer

Boohoo names new chair as Frasers pushes for overhaul

Boohoo has removed co-founder Mahmud Kamani from his chairman role, making him executive vice-chair, and appointed Tim Morris as independent chairman.

Business • 21 Nov 24

Boohoo has appointed Dan Finley as its new CEO to succeed John Lyttle

Boohoo appoints Dan Finley as new CEO

British online fashion retailer Boohoo has today appointed Dan Finley as its new CEO, effective immediately, in a blow to top investor Frasers which had attempted to appoint its controlling shareholder Mike Ashley to the role.

Business • 01 Nov 24

Frasers yesterday called for a general meeting of Boohoo shareholders to appoint Mike Ashley as a director and chief executive.

Boohoo seeks governance assurances in row with Frasers

British online fashion retailer Boohoo said it was willing to discuss board representation with its biggest shareholder Frasers but there needed to be "appropriate governance" to protect its commercial position.

Business • 25 Oct 24

Mulberry's top investor Challice has declined to sell shares to Frasers

Mulberry to evaluate sweetened Frasers' bid

British luxury brand Mulberry said today it is working with advisers to evaluate Frasers' sweetened £111m takeover proposal, after its top investor Challice declined to sell shares to the sportswear retailer.

Business • 14 Oct 24

Mulberry earlier this week rejected Frasers' £83m takeover bid, saying the bid undervalued the company

Frasers to buy about 4 million Mulberry shares

British sportswear and apparel retailer Frasers said today it would buy about 4 million shares in Mulberry at 100 pence each, days after its takeover proposal was rejected by the luxury brand.

Business • 04 Oct 24

Mulberry has rejected sportswear retailer Frasers' £83m takeover proposa

Mulberry rejects takeover bid from Mike Ashley's Frasers

UK luxury brand Mulberry has today rejected retailer Frasers' £83m takeover proposal, saying its majority shareholder did not support the bid and that it undervalued the company.

Business • 01 Oct 24

British sports and fashion retailer Frasers is the second biggest shareholder of Hugh Boss

Hugo Boss shareholder Frasers wants to buy more shares

Hugo Boss' second-biggest shareholder, British sports and fashion retailer Frasers, has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters.

Business • 26 Aug 24

FTSE 100-listed Frasers is controlled by founder Mike Ashley

Frasers forecasts more growth as move upmarket pays off

Frasers, the British sportswear and apparel retailer that owns the Sports Direct brand, reported a 13.1% rise in annual profit and forecast more growth in its new financial year as it benefits from a plan to shift the group upmarket.

Business • 18 Jul 24

Mike Ashley's Frasers Group has withdrawn its case against Morgan Stanley

Morgan Stanley, Frasers settle lawsuit over margin call

UK retail tycoon Mike Ashley's Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said today.

Business • 03 May 24

Mike Ashley's Frasers last month disclosed an 8.9% stake in Hornby, the models and collectibles group

Frasers' Mike Ashley to advise models group Hornby

Mike Ashley, the founder and majority shareholder of sportswear and fashion group Frasers, has entered into a consultancy agreement with Hornby, the models and collectibles group said today.

Business • 20 Mar 24

Frasers boss Mike Ashley has accused Morgan Stanley of snobbery

Morgan Stanley forced Frasers off books with margin call

Morgan Stanley used an "unrealistic" and "inappropriate" near $1 billion margin call to force trades held by retail tycoon Mike Ashley's Frasers group off its books partly out of snobbery, London's High Court has been told.

Business • 22 Feb 24

Frasers has bought MATCHES for about £52m from Apax Partners

Frasers strengthens luxury offer with MATCHES buy

Frasers, the British sportswear and apparel retailer controlled by Mike Ashley, has bolstered its presence in the luxury space by buying loss-making online player MATCHES from Apax Partners, paying about £52m.

Business • 20 Dec 23

Frasers made £303.8m in its first half to October 29, on revenue up 4.4% to £2.77 billion

Frasers keeps profit outlook after first half rise

Frasers, the UK sportswear and apparel retailer that owns the Sports Direct brand, said it was on track to meet full-year profit guidance after first-half earnings rose 12.6%, reflecting the success of a plan to take the group upmarket.

Business • 07 Dec 23

Boohoo shares are down 14% so far this year

Mike Ashley's Frasers raises Boohoo stake to 16.5%

Frasers, the British sportswear group controlled by Mike Ashley, has raised its stake in online fashion retailer Boohoo to 16.5%, according to a regulatory filing published today.

Business • 25 Oct 23

Frasers was formerly called Sports Direct and is majority-owned by Mike Ashley

Mike Ashley's Frasers raises stake in Boohoo to 9.1%

British sportswear group Frasers has raised its stake in online fashion seller Boohoo to 9.1% from 7.8%, a regulatory filing showed today.

Business • 31 Aug 23

AO World's shares have increased 55% so far this year

AO World profit rises on reduced costs, better margins

AO World, the British online electricals retailer that last month forged a strategic alliance with Mike Ashley's Frasers, said profit recovered in its 2022-23 year as it benefited from a plan to reduce costs and improve margins.

Business • 05 Jul 23

Founder Mike Ashley still controls Frasers, owning 69% of its equity

Frasers defies retail downturn with profit rise

Sportswear and clothing retailer Frasers has today reported a 38.8% rise in first-half profit and kept its financial guidance for the full year, defying a downturn across the wider retail sector.

Business • 08 Dec 22

Frasers said it now holds 4.9% of Hugo Boss stock directly and a further 26% of stock indirectly

Frasers raises Hugo Boss exposure up to $937m

Mike Ashley's Frasers Group said today it has increased its maximum exposure to Hugo Boss to $937m and reiterated its support for the German fashion brand's strategy and management team.

Business • 22 Jun 22

Frasers said it would pay £20m for Missguided's intellectual property, which fell into administration on Monday

Frasers buys online retailer Missguided for £20m

Mike Ashley's retail empire has snapped up troubled fast fashion brand Missguided in a rescue deal.

Business • 01 Jun 22