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The Latest Breaking News from Frasers Group

Frasers ditches £111m takeover plans for luxury firm Mulberry

Frasers urged Mulberry to provide a ‘credible’ business plan soon and raised worries over the governance of the fashion firm.

Evening Standard

Mulberry rejects fresh bid from Mike Ashley’s Frasers Group as ‘untenable’

Frasers had raised its offer from 130p to 150p a share, valuing the British luxury handbag maker at £111m

The Guardian - UK

Mulberry’s owner rejects increased £111m bid from Mike Ashley’s Frasers Group

Majority owner, Challice, says it has no interest in selling shares to group that already owns 37% of luxury brand

The Guardian - UK

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Mike Ashley’s Frasers Group takes £10m stake in online retailer THG

Move is part of THG raising £95.4m to fund demerger of lossmaking technology arm Ingenuity

The Guardian - UK

Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry

Sports Direct owner looks to up 37% stake to 100% amid concerns for future of cash-strapped fashion firm

The Guardian - UK

Frasers Group seeks approval for Mike Ashley to cash in £585m in share buyback

Company wants investors’ permission to buy billionaire’s shares in private deal at market price at the time

The Guardian - UK

Reductions of up to 90% at Evans Cycles as it posts £22.8m losses

Major deals including up to £2,500 off premium bikes at Wiggle-CRC stablemate

Cycling Weekly

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UK high street video game retailer GAME set to end in-store pre-orders

UK video game store GAME will end in-store pre-orders on August 1.

TechRadar

Myprotein operator THG strikes deal with Frasers for consumer credit roll-out

THG also revealed it has clinched a deal to sell its luxury brand Coggles to Frasers.

The Independent UK

FTSE 100 Live 24 June: Shein IPO speculation mounts, blue-chips close higher, US stocks fall as Nvidia slips

Prudential’s $2 billion buyback plan and a tie-up between Frasers Group and THG are among today’s FTSE 100 highlights.

Evening Standard

UK gas prices hit highest level of 2024 after crack closes Norwegian pipeline; UK factories return to growth – as it happened

Rolling coverage of the latest economic and financial news, as wholesale gas prices rise after disruption to supplies from Norway

The Guardian - UK

Wiggle sale revealed to be £3m to second-best Frasers Group

Business tycoon Mike Ashley scooped up intellectual property after initial deal fell through

Cycling Weekly

‘Deeply concerning’: Vampire’s Wife closure shows battle faced by independent British fashion brands

Collapse of Matchesfashion platform is major factor in implosion across the supply chain, say industry insiders

The Guardian - UK

Frasers Group Expands In EMEA Market With Twin Sport Acquisition

Frasers Group expands in EMEA market through Twin Sport acquisition and potential Sprinter locations takeover.

Top News

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Evening Standard

Sports Direct to open two new 'flagship' stores at Westfield shopping centres next year

The branch at Westfield London in Shepherd’s Bush will be 29,000 sq ft and the other at Westfield Stratford will be 28,000 sq ft

Cycling Weekly

Evans Cycles store lines its walls with cut-price WiggleCRC stock

Leftover stock being sold off through Wiggle's new stablemate at Mike Ashley's Frasers Group

Bike Perfect

Wiggle and Chain Reaction Cycles websites return to life but now under Frasers Group control

After the finalization of the Frasers Group takeover and a week's hiatus, what's changed at WiggleCRC?

Cycling Weekly

Wiggle and Chain Reaction Cycles sites back online after Frasers Group takeover

The two brands have relaunched after a week off, with slightly different branding

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Cycling News

The future is orange: Wiggle relaunches with fresh stock and reprised old branding

dhb, Lifeline, and other in-house brands appear to remain for now

Cycling News

Wiggle and Chain Reaction websites set to be imminently relaunched by Frasers Group

The Frasers Group claims they want to be the No.1 Sporting goods retailer in Europe

Cycling Weekly

Wiggle and Chain Reaction websites to be relaunched by Mike Ashley's Frasers Group

"Relaunch" set to take place next week, after Frasers Group acquired the brands

Bike Perfect

Mike Ashley's Frasers Group to relaunch Chain Reaction and Wiggle websites and look to continue MTB brands Nukeproof, Vitus and Ragley

After months of speculation, details emerged on the future of WiggleCRC and their in-house brands

Cycling News

The end is near for WiggleCRC as liquidators officially appointed

Companies House filing announces the beginning of the end

Evening Standard

Mike Ashley might get more hands-on again at Frasers after Matches disaster

City Comment: It’s possible Ashley is on the phone to son-in-law Michael Murray today — “Erm, son, just tell me again why that was a good idea?”

The Guardian - UK

Matchesfashion to enter administration and cut 273 jobs

More than half workforce face losing jobs after new owner Frasers says it is unwilling to fund turnaround

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