
New Frasers Group chief executive Michael Murray will lead the business from the front and told the BBC that former boss Mike Ashely will “not be pulling the strings”.
308 published items with the word (s) or phrase Mike Ashley in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
New Frasers Group chief executive Michael Murray will lead the business from the front and told the BBC that former boss Mike Ashely will “not be pulling the strings”.
Sports Direct is continuing to invest heavily in physical retail in the UK and has just opened a new Birmingham flagship, covering 60,000 sq ft.
As ‘golden hellos’ go, this is impressive. Michael Murray, the incoming CEO of Frasers Group has been awarded a near-£21 million consultancy fee as he prepares to take over from founder Mike Ashley on 1 May.
Studio Retail only appointed administrators this week but it’s already been sold. And the new owner is Frasers Group. The Mike Ashley-led retail giant already owned an almost-30% stake pre-administration
Any hopes that Studio Retail might turn around its fortunes have been dashed as it has formally called in administrators. The online retailer has appointed Teneo to handle its collapse, with around 1,400 jobs at risk.
The shock news that Studio Retail is to file for administration has put over a thousand jobs at risk and reportedly also left major investor and Frasers Group boss Mike Ashley mystified as to why it happened.
Less than a year after it cut its stake in Studio Retail from nearly 36% to around 27%, Frasers group has now increased its stake again, although only by a small percentage.
Debenhams has a new CEO. The Boohoo Group-owned online department store retailer has lured JD Sports Fashion multichannel chief to its top post.
There’s speculation this week that Frasers Group’s majority shareholder Mike Ashley is planning to take the group private after nearly 15 years as a listed company.
There’s speculation that THG founder and CEO Matt Moulding could take the listed company private after he said he regrets listing the firm around a year ago. Its shares rose over 5% in early trading Monday as a result.