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 … Business • 08 Dec 22
Frasers raises Hugo Boss exposure and buys ASOS stake Mike Ashley's Frasers Group said today it had increased its maximum exposure to Hugo Boss to £840m. Business • 24 Oct 22
Mike Ashley to step down as Frasers' director Mike Ashley, one of Britain's best known and most outspoken business leaders, will step down as a director at sportswear and fashion retail group Frasers … Business • 20 Sep 22
Mike Ashley's Frasers buys 29% stake in Mysale Mike Ashley's Frasers Group has acquired a 28.7% holding in MySale, sending shares in the Australian-based fashion marketplace up 20%. Business • 30 Jun 22
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 … Business • 22 Jun 22
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
Sports Direct's Irish business got €2.87m in supports The Irish arm of UK billionaire Mike Ashley's Sports Direct and BrandMax stores last year paid out an interim dividend of €1m as it received … Business • 23 Mar 22
Frasers' H1 profit up 62% on strong Covid reopening British sportswear and fashion group Frasers has today reported a 61.7% rise in first-half core earnings, driven by the strong reopening of stores after lockdown, … Business • 09 Dec 21
Saudi Arabia-led consortium completes Newcastle deal A Saudi-Arabian backed consortium completed its purchase of Premier League club Newcastle United as a long-running takeover saga finally reached the conclusion the majority of … Business • 08 Oct 21
Frasers says lockdown charge could exceed £200m Sportswear retailer Frasers will book a non-cash charge that could exceed £200m in its 2020-21 results to account for impairment of assets during the latest … Business • 09 Apr 21
Frasers flags possible store closures Mike Ashely-owned Frasers Group has today warned of possible store closures after it reviews its estate, as the company said government aid for the coronavirus-battered … Business • 05 Mar 21
Frasers to book £100m lockdown charge Sportswear retailer Frasers will book a non-cash charge, potentially in excess of £100m, in its 2020-21 results to account for impairment of its assets during … Business • 23 Feb 21
Frasers Group issues profit warning Mike Ashley's Frasers Group has withdrawn its 2021 forecast after it was forced to shut all its stores in London and several parts of England … Business • 21 Dec 20
Frasers raises 2021 forecast after strong first-half Mike Ashley's British sportswear group Frasers has reported a 25% rise in first-half core earnings and raised the lower end of its annual forecast, boosted … Business • 10 Dec 20
Frasers Group in talks to buy collapsed Debenhams Mike Ashley's Frasers Group said it is in negotiations to buy collapsed British department store chain Debenhams from administrators in a potential rescue deal. Business • 07 Dec 20
Liquidators appointed to Irish firms in Arcadia group Joint provisional liquidators have been appointed by the High Court to four Irish operating companies that are part of the UK fashion group Arcadia. Business • 30 Nov 20
Frasers raises Mulberry stake to 37%, considers offer Mike Ashley's Frasers Group has raised its stake in Mulberry to just under 37% and could make an offer for the British luxury brand, it … Business • 19 Nov 20
Frasers Group announces deal for DW Sports Mike Ashley's Frasers Group has bought some of the assets of DW Sports, which entered administration at the beginning of the month, saving "a number … Business • 24 Aug 20
Ashley's Frasers forecasts growth in 2020-21 Mike Ashley's Frasers Group, formerly Sports Direct, has reported a 5% rise in 2019-20 core earnings and forecast growth of up to 30% in its … Business • 20 Aug 20
€19m loss for Sports Direct and BrandMax Irish stores The Irish arm of Mike Ashley's Sports Direct and BrandMax stores last year plunged into the red to record pre-tax losses of €19.49m. Business • 18 Jun 20
Mike Ashley 'deeply apologetic' for virus blunder The billionaire boss of Sports Direct said he was "deeply apologetic" over the way his company handled the coronavirus emergency and wants to make amends … Business • 27 Mar 20
Sports Direct won't open its stores in u-turn Sports Direct stores will only open if they are given permission to do so, the finance chief of the retailer's parent group said today, clarifying … Business • 24 Mar 20
Sports Direct changes name to Frasers Sports Direct has forecast core earnings growth of as much as 15% this financial year helped by a nascent turnaround at department store House of … Business • 16 Dec 19
JD Sports probe 'could have impact for major brands' Sports Direct has said that a competition investigation into rival JD Sports Fashion's takeover of Footasylum could have implications for the sector's major players, particularly … Business • 20 Sep 19
Debenhams says rescue plan on track after court backing British department store group Debenhams said today that its company voluntary arrangement (CVA) will go ahead as planned after a court rejected challenges to the … Business • 19 Sep 19
