All Mike Ashley articles
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NewsUpdated: Frasers buys Studio Retail out of administration
Mike Ashley’s Frasers Group has bought Studio Retail out of administration for £26.8m, saving 1,500 jobs.
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News
Mike Ashley mulls taking Frasers Group off the stock market
Frasers chief executive Mike Ashley is reportedly preparing to take the company private following a period of strong growth for the group’s brands.
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Analysis
Analysis: The four ways Frasers has turbocharged growth during the pandemic
In its latest set of interim results, both Frasers’ profits and sales outshine those recorded in the pre-pandemic era. Retail Week examines how Frasers has prospered in a difficult trading period.
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Analysis
In the founder's footsteps: setting the direction when the trailblazer steps aside
Many retail businesses are intrinsically linked to and even defined by their founders, but what happens when it comes time for that person to stand aside? Retail Week looks at past successes and failures and what needs to be put in place to ensure the process goes smoothly.
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News
Incoming Frasers boss Murray in line for potential £100m bonus
Incoming Frasers chief executive Michael Murray could pocket up to £100m in bonuses if he more than doubles the group’s share price.
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Analysis
Michael Murray: The man Mike Ashley is entrusting with the future of Frasers
Who is the man Sports Direct founder Mike Ashley has appointed as his successor and can he turn around the retailer’s fortunes?
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News
Mike Ashley to step down as Frasers boss as profits tumble
Retail tycoon Mike Ashley has confirmed his intention to pass the mantle of chief executive to Michael Murray in the next financial year.
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News
Tycoon Ashley’s former lieutenant takes top role at Revolution Beauty
Dave Forsey, Frasers tycoon Mike Ashley’s former right-hand man, has re-emerged as managing director of Revolution Beauty.
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News
Mike Ashley’s Frasers swoops in with late rescue bid for Debenhams
Frasers Group has made a last-minute rescue bid for ailing department store chain Debenhams, with owner Mike Ashley vowing to save as many jobs as possible.
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News
Ashley offers Arcadia a lifeline as Cowgill backs away from Debenhams deal
The imminent collapse of Sir Philip Green’s Arcadia empire has prompted a domino effect in the high street, with JD Sports’ rescue bid for Debenhams now in jeopardy.
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News
Mike Ashley hits out at Debenhams as liquidator waits in wings
Mike Ashley has raged after allegedly being excluded from the race to buy Debenhams as restructuring firm Hilco prepares to liquidate parts of the business.
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News
Frasers Group considers mothballing Bob’s Stores chain after Nike severs ties
Frasers Group has launched a strategic review of its Bob’s Stores chain in the US after Nike revealed it will stop supplying product to the business.
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News
Frasers Group blames profit slump on Brexit and coronavirus
Mike Ashley’s Frasers Group reported a slump in profits that it blamed on a prolonged period of Brexit uncertainty followed immediately by the coronavirus crisis.
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Opinion
‘Mike Ashley’s Frasers Group is not just unconventional – it’s unprofessional’
When a stock market announcement comes through from Frasers Group, formerly known as Sports Direct, you never know what to expect. A rant from founder Mike Ashley at landlords, the government or his rivals? A shiny new acquisition? The resignation of its auditor?
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News
Frasers Group set to open Leicester megastore
Frasers Group has announced plans to open a flagship store in Leicester’s Fosse Park which will combine its Flannels, Sports Direct, Evans Cycles and Game fascias.
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News
Frasers Group accused of paying warehouse staff below minimum wage
Mike Ashley’s Frasers Group has again been accused of paying warehouse workers below minimum wage for the second time in five years.
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News
Mike Ashley praises staff as Frasers Group readies to ‘potentially’ reopen stores
Frasers Group, formerly known as Sports Direct International, has said that it will pay 100% of salaries for the majority of its employees in May.
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News
Animal rights group Peta buys stake in Frasers Group
The animal rights group Peta has bought a stake in Mike Ashley’s Frasers Group, allowing activists to attend the retailer’s annual investors meeting in September.
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News
Frasers Group set to close six Jack Wills stores
Struggling fashion brand Jack Wills, owned by Mike Ashley’s Frasers Group, is set to shutter more stores.
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News
Debenhams raises fears after seeking further rent cuts
Debenhams has raised concerns for its future after seeking further rent cuts only seven months after they were slashed in a restructuring process.
