Mike Ashley
Latest News & Analysis
Mike Ashley’s Luxury Bet Is Getting Bigger, but Does It Add Up?
The billionaire’s Frasers Group has added Harvey Nichols and an increased stake in Hugo Boss to a growing collection of high-end brands and retailers. Can they become part of a coherent luxury empire?
Harvey Nichols Acquired by Frasers Group in Pre-Pack Administration Deal
Mike Ashley’s Frasers Group has bought the upmarket department store chain out of administration after it warned it could run out of money without new funding.
What Next for Mike Ashley’s Patchwork Retail Empire?
With Frasers Group recently ejected from the FTSE 100, cutting profit forecasts and founder Ashley thwarted in an attempt to join the board of the online retailer Boohoo, are there signs his disparate empire is beginning to creak?
The Rise and Fall of Topshop: What Went Wrong
Parent-company Arcadia’s collapse marks the UK’s biggest corporate casualty of the pandemic. What comes next for the brand that was once the crown jewel of the high street?
Sportswear Retailer Frasers Invests in Mulberry Group
The British sportswear retailer bought a 12.5 percent stake in the luxury leather goods company.
Frasers Group Settles Belgian Tax Case
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
Sports Direct Delays Full-Year Results to Meet Guidance
Shares in the sportswear retailer were up 8.5 percent on the morning of July 24, paring its year-on-year losses to 41 percent.
Sports Direct Confirms $152 Million Headquarters Sale
The sportswear retailer has sold the freehold to its Shirebrook logistics centre to Malaysia's Employees Provident Fund.
Debenhams CEO Steps Down Following Takeover by Lenders
Chairman Terry Duddy will take over on an interim basis as the company seeks a successor to Sergio Bucher.
Mike Ashley Lashes Out as US Funds Invade UK Retail Crisis
The retail magnate, who made headlines for binge drinking and the substandard working conditions at his sporting goods chain, has been blasting Debenhams management and making legal threats since lenders took control on April 9