Mike Ashley
This coverage examines Mike Ashley’s activities and influence within the UK retail sector, including his leadership roles, acquisitions, strategic decisions, and impact on companies such as Sports Direct and Frasers Group. Reporting provides retail managers and executives with insights into his business approach and its implications for the wider industry.
-
May- 2022 -3 MayFeatures
Missguided: what went wrong?
As the face of online shopping for young women around the world, Missguided has faced its fair share of troubles despite its ever-present popularity within the fast fashion industry. Now the company is eyeing potential buyers, it puts into question the future of the business. Since its launch in March…
Read More » -
Apr- 2022 -25 AprilClothing & Shoes
JD Sports tipped as potential Missguided suitor
JD Sports has reportedly been tipped as a potential suitor to acquire online retailer Missguided after it appointed advisors to seek a buyer last week. According to This is Money, while muted to be at “a very early stage”, bosses at the sportswear retailer are said to be discussing a…
Read More » -
Feb- 2022 -24 FebruaryNews
Studio Retail appoints Teneo as administrators
Studio Retail, the online retailer, formally appointed Teneo as administrations last night to handle its collapse, according to The Times. Studio Retail’s request for a short-term £25m working capital loan has been rejected by its bank, HSBC, putting approximately 1,400 jobs at risk. The company, formerly known as Findel, had…
Read More » -
8 FebruaryClothing & Shoes
Frasers Group to open new Sports Direct flagship in Manchester
Mike Ashley’s Frasers Group has unveiled plans to open a 50,000sq. ft Sports Direct flagship in Manchester city centre, as part of the group’s strategic flagship roll out. The store will open in The Arndale shopping centre in late 2022 and will house Sports Direct, USC, Evans Cycles and Game…
Read More » -
Dec- 2021 -20 DecemberHigh Street
Mike Ashley to consider taking Frasers private
Mike Ashely is reportedly considering taking Frasers Group off of the stock market in a bid to take advantage of its recent period of strong growth. According to The Telegraph, its recent performance combined with an intensive share buyback scheme has prompted speculation of delisting. It is thought that the…
Read More » -
3 DecemberHigh Street
Frasers Group secures £930m in funding
Frasers Group has announced that it has entered into a new term loan and revolving credit facility with its banks, which replaces its existing facility of £913.5m. It revealed the new facility, which is valid for three years (with 2 one year extension options for a total tenor of up…
Read More » -
Nov- 2021 -18 NovemberDepartment Stores
House of Fraser to close its Oxford Street store
Mike Ashley’s Frasers Group has confirmed that its flagship store on London’s Oxford Street is to close permanently. The retailer revealed that it had been served its notice by the landlord after planning permission was granted to redevelop the site. Frasers added that since it acquired the site in 2018…
Read More » -
2 NovemberClothing & Shoes
French Connection shareholders green light £29m takeover
French Connection has confirmed its shareholders have agreed to the £29m sale of the company to MIP Holdings. The offer comes from one of the company’s biggest shareholders, Apinder Singh Ghura, who in February acquired a 25% stake in the business from Mike Ashley’s Frasers Group. For the takeover Ghura…
Read More » -
Aug- 2021 -26 AugustPeople Moves
New Frasers Group CEO up for £100m pay package
Michael Murray, who is set to become the CEO of Frasers Group following Mike Ashley’s departure, is reportedly in line to receive £100m under a proposed pay package that will be linked directly to the group’s stock price performance. It comes as the group confirmed that Murray will also receive…
Read More » -
5 AugustHigh Street
Mike Ashley confirms plans to step down as head of Frasers
Mike Ashely has confirmed that he will step down as head of Frasers Group, as the business revealed its most recent full year trading profits, which showed a 84.1% decrease in pre-tax profits due to Covid-19. The group which owns brands such as Jack Willis and Evan Cycles said that…
Read More »
