All Frasers Group articles – Page 2
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NewsEx-Sports Direct boss making a surprise return to Frasers Group
Exclusive: Former chief executive of Sports Direct Dave Forsey is making a surprise return to Frasers Group to lead the retailer’s ambitious international expansion.
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News‘The Tories put the economy in a coma and Labour have turned the machine off’, says Frasers Group CFO
The chief financial officer of Sports Direct owner Frasers Group blamed the lack of consumer confidence in the run up to Christmas on the recent Labour Budget, which has “attacked a sector” in need of help.
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Retail Navigator AnalysisFrasers Group (Financials)
Frasers Group reported a 0.9% decline in sales to £5,537.7m in the 52 weeks ended 28 April 2024 (FY2023). Chief executive Michael Murray commented: “This has been a break-out year for building Frasers’ future growth. As well as delivering a strong trading performance, particularly from Sports Direct, we made significant progress with our Elevation Strategy.
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NewsFrasers has blamed the Budget after profit warning
Frasers Group has this morning issued a profit warning, blaming the Budget and recent tough trading conditions for the £50m hit to its bottom line.
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NewsMike Ashley is facing HMRC in court after being ‘stonewalled’ over personal data request
Retail tycoon Mike Ashley was “met with a complete stone wall” following a request to HM Revenue & Customers (HMRC) for personal data relating to a tax dispute, the High Court has heard.
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NewsFrasers acquires South African sportswear retailer as it snaps up stake in Marks Electricals
Frasers Group has snapped up South African sportswear retailer Holdsport Group for an undisclosed sum on the same day it took a £3m stake in British brand Marks Electricals.
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AnalysisWhat will Frasers and Mike Ashley do if he finally gets his hands on Boohoo?
Retail Week takes a closer look at what actions Mike Ashley is likely to take if he can seize control of Boohoo, as the battle between the fashion retailer and Frasers becomes increasingly fraught
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NewsFrasers demands that Boohoo chair Kamani is replaced by Mike Ashley
In the latest escalation of the public war of words between the two retailers, Frasers has this morning publicly called for Boohoo founder and chair Mahmud Kamani to step down.
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NewsFrasers Plus strikes new partnership with Hornby Hobbies
Frasers Plus, the credit and loyalty platform part of Frasers Group, has announced a new partnership with toy and hobby retailer, Hornby Hobbies.
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NewsBoohoo scrutinised for returning to a supplier it struck off after a modern slavery scandal
Boohoo is facing renewed scrutiny over its ethical practices after rekindling a relationship with a supplier it cut ties with in the wake of a modern slavery scandal.
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VideoSports Direct launches Christmas advert celebrating new traditions with UK athletes
Sports Direct has launched its Christmas campaign called ‘New Traditions Start Here’, featuring some of the UK’s biggest athletes across various sports.
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NewsBoohoo chief executive says all options are on the table as he commences business review
Boohoo’s new chief executive Dan Finley said he is considering all options as the retailer commenced a review of the business after losses deepened.
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NewsBoohoo calls on shareholders to reject Frasers’ proposals as losses deepen
Boohoo has this evening called on its shareholders to vote against all the proposals set out by Frasers, insisting its existing board can turn the ship around even as its losses deepened in the first half.
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NewsBoohoo outlines ‘concerns in relation to Frasers’ behaviour’ as battle continues
Boohoo has written a new letter highlighting “concerns in relation to Frasers’ behaviour” as the two retailers continue their public battle over the company.
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NewsFrasers insists on shareholder approval before any Boohoo asset disposals
Frasers has written a new letter to Boohoo demanding the retailer allows shareholders to vote on key decisions including any disposals of Boohoo’s assets.
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NewsMike Ashley lashes out at ‘desperate’ Boohoo over CEO snub
Frasers owner Mike Ashley has hit out at fashion retailer Boohoo, calling its decision to snub his demand to be made CEO in favour of promoting from within “desperate”.
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AnalysisWho is the new Boohoo CEO and is he the right pick to turn the struggling retailer around?
Boohoo has announced the appointment of a new group chief executive officer following the shock departure of John Lyttle just two weeks ago. And no, it’s not Mike Ashley. Is Dan Finley the right man for one of the toughest, and now most controversial jobs in retail?
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NewsBoohoo snubs Ashley demand as it names Debenhams boss as new chief executive
Boohoo has snubbed the demands of its largest shareholder by appointing former JD Sports and current Debenhams boss Dan Finley as its new group chief executive.
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AnalysisShareholder shootout: the key players in the looming battle for control of Boohoo
As the behind the scenes boardroom battle for control of fallen fast fashion giant Boohoo breaks out into the open, Retail Week looks at the major shareholders and how they may decide the fate of the retailer
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NewsBoohoo has set out its view on Frasers’ bid to set new direction
Fashion retailer Boohoo has issued a response to Frasers Group’s attempt to shape the business, including a demand that Mike Ashley be installed as chief executive.
