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Top related persons:
we're - 1 Alex Baldock - 1 Baldock - 1 Currys - 1 Mike Ashley's Frasers - 1 Frasers - 1 James Davey - 1 Sarah Young - 1
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Consumers - 1 Revenue - 1 Ireland - 1 Thomson - 1

Search resuls for: "Mike Ashley's Frasers"


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☆ UK's Currys drops dividend on uncertain economic outlook
  + stars: | 2023-07-06 | by ( James Davey | ) www.reuters.com   time to read: +2 min
The group also reported a 38% fall in full year profit, hurt by the weak performance of its Nordics business. Accordingly, we're being prudent in our planning, and in further strengthening our balance sheet," CEO Alex Baldock said. Baldock said Currys had taken actions to maximise operating cashflow through margin improvement, delivering cost savings and reducing capital expenditure. Nevertheless, the economic outlook remains uncertain in our main markets," Currys said. The group reported a statutory loss before tax of 450 million pounds for the year, driven by a previously announced non-cash goodwill impairment of 511 million.
Persons: we're, Alex Baldock, Baldock, Currys, Mike Ashley's Frasers, Frasers, James Davey, Sarah Young, Jason Neely Organizations: Consumers, Revenue, Ireland, Thomson Locations: British, Europe, Currys
☆ Mike Ashley's Frasers buys JD Sports' premium fashion brands for $58 mln
  + stars: | 2022-12-16 | by ( ) www.reuters.com   time to read: +2 min
Dec 16 (Reuters) - British retailer Frasers Group (FRAS.L) said on Friday it has bought shares in premium fashion brands of JD Sports (JD.L) for about 47.5 million pounds ($57.7 million), as the Mike Ashley-owned company continues its drive into a more premium market. Frasers, formerly called Sports Direct, also acquired and transferred shares of more than 10 of the premium fashion brands, including Pretty Green, Cricket and Topgrade Sportswear, which the sports retailer held. JD Sports, in a separate statement, said it has divested 15 of its UK-based businesses to Frasers. JD Sports said these divestments will allow the company to focus on the international and digital expansion of the core premium sports fashion platforms. Frasers, which is on an acquisition spree, recently boosted its maximum exposure to German fashion house Hugo Boss (BOSSn.DE) and snapped up a more than 5% stake in struggling British online fashion retailer ASOS (ASOS.L).
☆ UK retailer Next to buy collapsed rival Joules - media reports
  + stars: | 2022-12-01 | by ( ) www.reuters.com   time to read: +1 min
Dec 1 (Reuters) - British fashion chain Next Plc (NXT.L) has secured a deal to buy collapsed retailer Joules (JOUL.L) out of administration, according to media reports on Thursday. Before Joules went into administration, Next was in talks with the company over a potential 15 million pound equity investment, but talks were eventually terminated. Last month, some reports said South African fashion retailer TFG (TFGJ.J), the owner of British brands such as Phase Eight, Hobbs, Whistles and Damsel, was also in the race to buy Joules. loadingNext, TFG, M&S, Frasers and Joules' administrator, Interpath Ltd, did not immediately respond to Reuters' requests for comment. TFG's chief executive on Wednesday had declined to comment on reports that it was buying Joules.
☆ Mike Ashley's Frasers raises Hugo Boss exposure and buys ASOS stake
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +2 min
A Frasers spokesperson also confirmed a Telegraph report that the British sportswear and apparel retailer now holds more than 5% of ASOS. Frasers first took a stake in Hugo Boss - a supplier to its House of Fraser and Flannels chains - in 2020. The group this month disclosed a 4.5% stake in online clothing retailer N Brown (BWNG.L) and is also seeking full ownership of Australian online retailer Mysale (MYSL.L). It also bought online retailer Studio Retail in February. Shares in Frasers firmed by 0.6% while shares in Hugo Boss were up 0.2%.
☆ Mike Ashley's Frasers ramps up stake in Asos -Telegraph
  + stars: | 2022-10-22 | by ( ) www.reuters.com   time to read: +1 min
Oct 22 (Reuters) - UK businessman Mike Ashley has built a stake of more than 5% in online fashion retailer Asos Plc (ASOS.L), the Telegraph reported on Saturday, citing market sources. The billionaire's sportswear and fashion retail company, Frasers Group Plc (FRAS.L), notified Asos on Friday that it had become a significant shareholder in the company, the report said. The move makes Frasers the fourth-biggest shareholder in Asos. Register now for FREE unlimited access to Reuters.com RegisterAccording to the newspaper, Frasers is seeking to use its stake in the online retailer to build a partnership as Asos recently announced an overhaul of its business model. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akanksha Khushi in Bengaluru Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
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