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The Latest Breaking News from Frasers Group

New documents show how debts at Manchester-based Missguided spiralled to £80m before collapse

The online fashion brand was bought for £20m by Frasers Group at the start of June

Manchester Evening News

JD Sports sells Footasylum to German group for almost £40m

JD Sports first agreed to buy Footasylum in March 2019 for £90m

Birmingham Post

How Missguided collapsed owing more than £80m before being rescued by Frasers Group

Missguided was bought by Frasers Group in a £20m deal

Birmingham Post

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I Saw It First: How fashion brand worn by Love Island stars with Boohoo links followed in Missguided's footsteps

I Saw It First was founded in 2017 by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

Manchester Evening News

Frasers snaps up I Saw It First as it builds online fashion portfolio

Sale comes after purchase of Missguided and earlier acquisition of Studio Retail

The Guardian - UK

Fashion brand worn by Love Island contestants bought by Sports Direct owner

Frasers Group recently rescued Missguided out of administration in a £20m deal

Manchester Evening News

I Saw It First bought by Frasers Group two months after £20m rescue of Missguided

I Saw It First was set up by Jalal Kamani, the brother of Boohoo co-founder Mahmud Kamani

Birmingham Post

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Mike Ashley's Frasers Group hails strong profits but warns over cost of living

The firm is now run by new CEO Michael Murray after Mr Ashley stepped back into an executive director role

Birmingham Post

Mike Ashley’s Frasers Group plans more stores as profits soar

CEO Michael Murray says shoppers have returned to high street but prices likely to rise due to construction costs

The Guardian - UK

Mike Ashley’s Frasers Group delivers profit surge but warns over cost of living

Sports Direct’s parent business hailed a strong performance despite a ‘significant increase’ in running costs.

The Independent UK

Sports Direct audit failings: Grant Thornton fined £1.3m

Accountancy firm says historical issues 'not reflective of the work we produce today'

Birmingham Post

Regulator issues £2m fine to Grant Thornton over Sports Direct audits

The Financial Reporting Council has issued penalties against the auditor and a former partner at the firm over audit failings in 2016 and 2018.

Evening Standard

House of Fraser owner scraps ‘unproductive’ Friday home working

Internal memo reportedly points to social media as evidence staff at Frasers Group are abusing scheme

The Guardian - UK

New name for Missguided after fast fashion giant was rescued by Sports Direct owner

The company will still trade under its original name

Manchester Evening News

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Birmingham Post

Missguided changes name after Frasers Group rescue

The online fashion retailer will still trade under its previous name

Birmingham Post

Mike Ashley's Frasers Group buys stake in Australian fashion marketplace MySale

This is the latest move for the group that has grabbed a significant chunk of the high street and retail market in recent years

Birmingham Post

Missguided, Victorian Plumbing and Mills & Reeve: The 26 latest hires and promotions in the North West

BusinessLive rounds up the latest appointments and promotions across the North West

The Guardian - UK

Buy now, pay later: your rights over refunds as Missguided collapses

The fashion brand is not paying buyers back – but big finance firms say they will return cash

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news in one place.

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Insider UK

Plans approved for Jenners to reopen as a luxury hotel

Danish billionaire Anders Holch Povlsen bought the 19th century department store for £53m five years ago

Edinburgh Live

Edinburgh Jenners to reopen as luxury hotel with rooftop bar as plans approved

Danish billionaire Anders Holch Povlsen is behind the major redevelopment after he bought the 19th century department store for £53m five years ago.

Birmingham Post

Missguided customers will not receive funds on returns, administrators rule

The fast fashion brand was acquired by Frasers Group in a £20m deal after entered administration

Manchester Evening News

Nitin Passi returns as Missguided CEO - eight weeks after stepping down when firm plunged into administration

Mr Passi originally stepped down from the position in April

Birmingham Post

Nitin Passi returns as Missguided CEO after Frasers Group rescue

Mr Passi founded the online fashion brand in 2009 and stepped down as CEO in April this year

Evening Standard

Missguided demise: is fast fashion finally going out of style?

A-list ambassadors and £1 bikinis made the brand a phenomenon — now, it has called in the administrators. As Gen Z turns its back on the industry for good, is the party over, asks Giulia Crouch

Manchester Evening News

Missguided staff were made redundant 'via emotionless automated message' after fashion firm collapsed, ex-employees claim

Some staff claim they found out the company had gone into administration via social media

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