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The Latest Breaking News from Frasers Group

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

The Guardian - UK

What the story of Evans Cycles can tell us about the future of Wiggle

After being bought by Frasers Group, are the woes of Wiggle Chain Reaction Cycles over?

Cycling Weekly

Mike Ashley’s Frasers Group has acquired WiggleCRC for less than £10 million, reports

Sports Direct owner has reportedly taken over Wiggle and CRC, but almost all staff have been axed

Cycling Weekly

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read the most diverse news in one place.

Would a Mike Ashley takeover of Wiggle be a ‘concern to the cycle industry’ or a ‘careful bit of business’? - Insiders weigh in as redundancies lead to trade brain drain

Struggling retailer has now axed nearly every member of staff after going into administration last year

Cycling Weekly

Full steam ahead for Hornby shares as Frasers makes model investment

Retailer snapped up 11.1 million shares, lifting its total holding to 8.9%

Evening Standard

‘Toxic environment’: former staff of UK fashion retailer allege culture of bullying

Exclusive: Female ex-employees of Missy Empire claim they were subjected to ‘degrading’ treatment

The Guardian - UK

Game trade-ins to stop in February as store phases out pre-owned stock

UK retailer Game is ending trade-ins next month as it phases out pre-owned stock from its stores.

TechRadar

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Frasers Group warns of ‘softening’ in global luxury market as sales fall

Cost of living crisis partly responsible but total sales at Mike Ashley’s company rise

The Guardian - UK

Will a pro team be riding Enve bikes in 2024?: Tech of the month November

Shockwaves travel through the industry as WiggleCRC seeks a buyer, Lapierre exits the World Tour and will Enve be bike sponsor to Team Total Energies?

Cycling Weekly

Mike Ashley's Frasers Group further increases stake in N Brown

N Brown's brands are JD Williams, Simply Be and Jacamo

Birmingham Post

Mike Ashley's Frasers Group ups AO stake for a third time

The owner of House of Fraser and Sports Direct is AO's largest shareholder

Birmingham Post

Billionaire's hedge fund sells almost entire Boohoo stake after shares drop

Mike Ashley's Frasers Group acquired a stake in Boohoo earlier this week

Birmingham Post

Mike Ashley’s Frasers Group buys 5% Boohoo stake in online shopping spree

Sale adds to flurry of investments by owner of Sports Direct, including in Currys, AO and Asos

The Guardian - UK

Mike Ashley's retail empire buys into fashion giant Boohoo

Frasers Group recently invested over £75m to become AO's largest shareholder

Manchester Evening News

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Birmingham Post

Mike Ashley's Frasers Group acquires stake in fashion giant Boohoo

The move comes after Frasers Group acquired an 8.9% stake in electricals retailer Currys

Birmingham Post

Mike Ashley's Frasers Group increases stake in AO

The original deal saw Frasers Group acquire a stake of just under 19% in AO for £75m

Birmingham Post

AO, LDC and Mike Ashley's Frasers Group: The 14 latest North West deals

BusinessLive has rounded up some of the latest top deals you should not miss

The Guardian - UK

Mike Ashley stretches the edges of Frasers’ ‘ecosystem’ with AO World stake

Strategically questionable 18.9% stake in the white goods seller suggests the Sports Direct founder still can’t resist a punt

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Manchester Evening News

The Mancunian Way: Citehhh!

City’s victory parade PLUS The long walk home from Parklife AND Arguing against the ‘concrete monstrosity’

Manchester Evening News

Mike Ashley's retail empire buys £75m stake in electricals giant AO

Frasers Group has snapped up a number of Manchester companies over the last year or so

The Guardian - UK

Mike Ashley’s Frasers Group takes 19% stake in AO World

Move to buy £75m of shares in UK’s biggest seller of large domestic appliances

Birmingham Post

Mike Ashley's Frasers Group buys £75m stake in AO

The shares had been held by hedge fund Odey Asset Management

Birmingham Post

Frasers Group said to be planning 200 job cuts in Derbyshire and London

It said 'We are reviewing our team structures to identify efficiencies and streamline processes'

The Guardian - UK

Leicester garment makers warn of crisis as fast-fashion brands squeeze suppliers

Midlands city’s industry alleges firms are forcing through discounts and imposing financial penalties over small errors

Glasgow Live

Glasgow House of Fraser to undergo major redevelopment to become 'luxury flagship store'

Glasgow is set to become the home of the first Frasers luxury flagship store with a major redevelopment planned for the next iconic building later this year.

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Mike Ashley Frasers Group

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