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The Latest Breaking News from Frasers

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

Grant Thornton fined £1.3m for ‘serious failings’ in Sports Direct audits

Financial Reporting Council penalises auditor and former partner at firm over work in 2016 and 2018

The Guardian - UK

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

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Benzinga Before The Bell: Executive Shakeup At Amazon, Boeing Supply Chain Warning, Apple's Tim Cook Says 'Stay Tuned' On AR/MR And Other Top Financial Stories Wednesday, June 22

CNBC Moderna To establish New Vaccine Facility In Britain

Benzinga

British Retailer Frasers Boosts Investment In Hugo Boss

British retail and intellectual property group Frasers Group PLC (OTC:SDIPF) has increased its investment in Hugo Boss AG (OTC:BOSSY), the German luxury fashion brand, to €900 million. Frasers noted the increased position reflects its belief in the Hugo Boss brand, strategy, and management team. Fraser now holds 3.4 million shares of common stock, representing…

Benzinga

Missguided customers told ‘no refunds on returns’ weeks after Mike Ashley agreed takeover

Angry shoppers take to social media to complain as fashion chain administrators rule out payments

Chronicle Live

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

Birmingham Post

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Missguided shoppers told they will not receive refunds for returns

The brand has now been taken over

Wales Online

Missguided shoppers will not receive refunds on returns, say administrators

It comes after the Manchester-based company tumbled into insolvency last month.

The Independent UK

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

Manchester Evening News

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

Birmingham Post

Building castles in the sky

Frasers Property Holdings (Thailand), owned by billionaire Charoen Sirivadhanabhakdi's youngest son Panote, plans to continue with mixed-use developments after completion of the massive One Bangkok.

Bangkok Post

Missguided collapse could leave thousands of customers out of pocket

Deliveries of orders not guaranteed while administrators unlikely to honour refund requests from before they were called in

The Guardian - UK

Businesses and brands owned by Mike Ashley as Frasers Group buys Missguided

The Sports Direct founder and former Newcastle United owner now owns Missguided, along with brands like Jack Wills, Flannels and Game

Chronicle Live

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Insider UK

Mike Ashley’s Frasers Group buys Missguided out of administration

The deal, worth around £20m, will see the fast fashion retailer continued to be operated by administrators for around eight weeks

Daily Record

Mike Ashley's Frasers Group buys Missguided out of administration in £20 million deal

The deal comes after Missguided collapsed into administration on Monday.

Manchester Evening News

Missguided bought out of administration by Mike Ashley's Frasers Group

The deal comes after the fast-fashion company collapsed into administration on Monday

The Guardian - UK

Frasers Group buys Missguided out of administration for £20m

Company controlled by Mike Ashley ‘delighted to secure a long-term future’ for online fashion retailer

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Daily Mirror

Sports Direct to open 10 new flagship stores as Mike Ashley steps down

Michael Murray has replaced billionaire Mike Ashley - his future father-in-law - as chief executive of Frasers Group, which owns Sports Direct. In his first interview in his job, he details his plans for the retail empire

The Guardian - UK

‘A more acceptable Mike Ashley’: Sports Direct’s owner gets a new boss

Rising star Michael Murray will make a fortune if he can deal with the major challenges facing retailing group Frasers

Edinburgh Live

Edinburgh Google Maps snaps show how much city has changed in just 10 years

For most of us, 2012 seems as if it was just yesterday, however we regret to inform you it was actually 10 full years ago, and Edinburgh has seen some pretty big changes since then.

The Guardian - UK

Frasers Group delays release of annual results for third time in four years

Group controlled by Mike Ashley blames logjam in audit industry but expects pre-tax profits between £300m and £350m

Evening Standard

FTSE report: Mike Ashley’s Frasers Group surprises with third share buyback in a year

Frasers Group, owner of retail brands including Sports Direct, House of Fraser and Flannels, has cheered investors with the announcement of its third share buyback programme in a year.

Birmingham Post

Mike Ashley's Frasers Group attacks Studio Retail Group after £26.8m deal

Frasers Group announced a deal for the online retailer on Friday, February 25

The Guardian - UK

Mike Ashley’s Frasers Group buys Studio Retail out of administration

Nearly 1,500 jobs had been under threat when cut-price retailer business collapsed

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