Mike Ashley

Frasers mulls all-cash bid for Revolution Beauty 

Frasers Group has confirmed it is participating in a formal sale process of Revolution Beauty, which could see it acquire the group through an all-cash bid.  In a filing released today (10 June), the Mike Ashley-owned group revealed that “any offer for the issued and to be issued share capital…

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Frasers eyes Revolution Beauty takeover

Frasers Group is reportedly exploring a takeover bid for the struggling Revolution Beauty, Sky News has reported.  Sources told Sky that the Mike Ashley-owned group had approached Revolution Beauty about a potential offer but was “not certain” it would enter a bid.  Revolution Beauty has since confirmed that Frasers is…

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Today’s news in brief-1/4/25

Retailers are bracing for a £5.56bn rise in costs following the implementation of recent Budget measures, including higher National Insurance contributions and an increased minimum wage. According to Retail Economics, these changes will force businesses to absorb £1.76bn in profit losses while passing £1.72bn onto consumers through price hikes. Chancellor…

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Frasers ups stake in THG to 10.92%

Mike Ashley’s Frasers Group has revealed it has increased its stake in THG from 4.8% to 10.92%, according to the latest holding documents filed by the company. It now holds 151,940,734 voting rights in the company. The news comes as THG successfully fundraised £90m with the support from new investors…

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Frasers ups stake in AO World to 25%

Mike Ashley’s Frasers Group has revealed it has increased its stake in fashion retailer  Brown to 25.01%, according to the latest holding documents filed by the company.  It now holds 145,148,997 voting rights in the company.  The news comes as the electrical retailer AO raised its full-year forecast to between…

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Frasers ups stake in THG to 4.8%

Mike Ashley’s Frasers Group has upped its stake in THG to 4.8% as it continues investing in a number of UK retailers. The group now holds 63,156,741 voting rights in the company. The news comes after THG received a £10m strategic investment from Frasers Group to fund the demerger of…

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Today’s news in brief-27/1/25

WH Smith is exploring the sale of its high street arm to focus on its global Travel business, which now contributes 75% of revenue and 85% of profits. The potential sale, managed by bankers at Greenhill, comes amid a 9% decline in high street profits to £39m, although group revenue…

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The Original Factory Shop nears sale to Baaj Capital

The Original Factory Shop (TOFS) is close to being sold after more than 17 years of ownership of private equity firm Duke Street, Sky News has revealed. Baaj Capital, a family office behind investments in fashion retailer In The Style as well as party supplies group Amscan International, is allegedly…

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Boohoo urges vote against Frasers’ motion to remove founder

Boohoo has published a new letter urging shareholders to vote against an upcoming motion to remove Mahmud Kamani as director, following a demand by Frasers to oust the founder.In a new update, Boohoo said its board formed an independent committee composed of all directors other than Kamani to consider the…

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Today’s news in brief-23/12/24

Fashion retailer Quiz plans to delist from the Alternative Investment Market (AIM) and re-register as a private company following weak sales and financial strain. A shareholder vote, requiring a 75% majority, is scheduled for 8 January 2025, with the transition set for 23 January if approved. The company cited regulatory…

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