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.
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May- 2024 -10 MayClothing & Shoes
Frasers ups stake in Boohoo to 23.1%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 23.1% as it continues investing in a number of UK fashion retailers. It has upped its stake from 16.5% and now holds 293,028,671 voting rights in the company. The news comes after it was reportedly revealed that the group…
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9 MayNews
Today’s news in brief-9/5/24
Frasers Group is reportedly finalising a deal to become the new partner of struggling retailer Ted Baker following the collapse of its previous UK licensing partner, No Ordinary Designer Label (NODL). Sources indicate an agreement with NODL’s administrators could be reached in the coming days. This move would add Ted…
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9 MayNews
Frasers Group closes in on Ted Baker deal
Frasers Group is reportedly closing in on a deal to become the new partner of struggling retailer Ted Baker, Sky News has revealed. Reports said the group is set to be named as the preferred partner for Ted Baker following the collapse of its existing UK licensing partner No Ordinary…
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7 MayNews
Today’s news in brief
The latest BRC-KPMG Retail Sales Monitor reveals a 4% year-on-year decrease in total UK retail sales for April. Non-food sales dropped by 2.8% over the three months to April compared to a growth of 1.2% in 2023. Food sales saw a 4.4% increase over the same period, although this is…
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7 MayDepartment Stores
Mike Ashley settles lawsuit against Morgan Stanley
Mike Ashley’s Fraser’s Group has dropped a $50bn (£40bn) lawsuit against Morgan Stanley, with no money exchanged by either parties, after the retail tycoon accused the bank of “snobbery” over a nearly $1bn (£797m) margin call. In a statement to The Financial Times, Morgan Stanley said: “Frasers Group plc and…
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Apr- 2024 -25 AprilNews
Matchesfashion creditors owed £36m following collapse
Burberry, Gucci and Prada are among the creditors owed £36m following the collapse of Matchesfashion last month, the FT has revealed. The luxury brands are among more than 500 creditors to Matches, which was bought by Mike Ashley’s Fraser Group in December. Administrators at Teneo revealed that the creditors are…
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11 AprilNews
Today’s news in brief-11/4/24
Ted Baker’s American licensing partner, OSL, is reportedly in pole position to take over the brand’s collapsed UK operation. Administrators have announced the closure of 15 UK stores, leading to over 200 job losses, as part of efforts to salvage the business. OSL’s potential takeover follows the collapse of No…
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11 AprilClothing & Shoes
Ted Baker US licence partner eyes UK arm
Ted Baker’s American licensing partner OSL has reportedly emerged as the frontrunner to take over the brand’s collapsed UK operation, according to Sky News. OSL was appointed to run Ted Baker’s US retail business just over a year ago and now looks to be set to run the rest of…
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10 AprilClothing & Shoes
Next and Frasers Group mulls bid for Ted Baker
Mike Ashley’s Frasers Group and Next have expressed interest in acquiring Ted Baker, according to the Times. The news comes after the fashion label collapsed into administration and appointed Teneo Advisory as its administrator. Both Frasers and Next have contacted Teneo Advisory to explore a sale of all or parts…
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2 AprilNews
Today’s news in brief-2/4/24
Superdry CEO Julian Dunkerton’s plans for a takeover have fallen through, leading to an extension of a £20m funding facility with Hilco. Dunkerton, while remaining committed to the business, does not intend to make an offer, according to a statement on the London Stock Exchange. Talks of a possible equity…
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