Studio Retail, recently renamed from Findel, is a home shopping retailer offering catalogue and online services. It was founded in 1962 as a greetings card company. It now sells clothing, greeting cards, gifts, home and garden items through its Studio and Ace catalogues and websites. In 2019, Findel fought off a bid from majority shareholder Mike Ashley, who owns Sports Direct and its many subsidiaries.
Frasers Group boss Michael Murray explains how it will maintain momentum to navigate its way through the cost-of-living crisis, inflation, supply chain challenges and battered consumer confidence
Frasers Group has recorded a spike in full-year profits and upped its earnings guidance for its current financial year.
Frasers Group boss Mike Ashley has lashed out at both the previous management of Studio and the UK’s corporate governance regime after saving the floundering fashion retailer.
Mike Ashley’s Frasers Group has bought Studio Retail out of administration for £26.8m, saving 1,500 jobs.
Studio Retail Group has stated its intention to appoint administrators after it failed to secure a £25m loan.
Advertisement
