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The Latest Breaking News from Mike Ashley Frasers Group

US jobless rate rises to two-year high while wage growth slows – as it happened

US economy adds 275,000 jobs, more than expected but that strength is partly offset by downward revisions to past months

The Guardian - UK

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

MPs condemn Frasers Group’s use of facial recognition cameras in stores

Exclusive: Cross-party collection of parliamentarians write letter to Sports Direct owner’s company

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Energy supplier E.on Next to create 1,300 jobs to boost customer support operations

People who are tasked with helping customers through social media will also be hired during the recruitment push

Birmingham Post

Billionaire Issa brothers’ EG Group in $1.5bn US property sale to slash debt

The brothers also co-own Asda with TDR Capital

Birmingham Post

JD Sports, Castore and Sosandar: The six top North West deals you should not miss

Companies from across the North West have announced major deals over the last week

Birmingham Post

Studio Retail to create 30 jobs as owner Frasers Group makes major purchase

Studio Retail was bought out of administration for £1 last year after racking up debts of over £80m

Birmingham Post

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JD Sports sets out plans to become the 'leading global sports-fashion powerhouse' and open hundreds of stores a year

JD Sports has targeted 'significant growth opportunities' by expanding in North America and Europe

Birmingham Post

Studio Retail chief executive stands down almost a year after rescue by Mike Ashley's Frasers Group

Studio Retail's finance director David Twigg has been promoted to managing director

Birmingham Post

Superdry secures £80m refinancing deal as cold weather boosts jacket sales

The Gloucestershire-headquartered clothing retailer reported “record” Black Friday sales for its outerwear

Birmingham Post

Revealed: I Saw It First was bought for £1 by Mike Ashley's Frasers Group and owed £13m to shareholders

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

Birmingham Post

Regulator starts Frasers-owned Studio Retail Group audit enquiry

Mike Ashley’s business snatched retailer from jaws of administrators for £26.8 million

Evening Standard

Missguided returns and refund information for shoppers after falling into administration

Can you still shop with the online clothing brand and what does it all mean for those who may want to return items?

Daily Record

The retailers who have gone bust so far this year

Retail casualties include Studio Retail Group, TM Lewin and Sofa Workshop

Wales Online

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Birmingham Post

Full list of UK shops that went bust in 2022

Retailers are likely to face further trading difficulties in 2023 amid rising inflation and the cost-of-living crisis

People

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