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Landsec to buy Metrocentre in £516 million deal
Real estate giant Land Securities (Landsec) has agreed a deal to buy the Metrocentre shopping centre complex in Gateshead, Tyne and Wear, for £516 million. On Thursday, the London-listed firm said it would launch a £500 million equity fund…
Hugo Boss (XTRA:BOSS) Stock Looks Pricey As Shares Fell 33% In Three Years
Hugo Boss has seen its share price move sideways in the short term, while the longer track record has been much tougher. This puts a sharp focus on whether today's valuation is really anchored in its earnings power. With ownership influenc…
Frasers strengthens hold on Hugo Boss as Michael Murray made chairman
The boss of Frasers Group has been named as the new chairman of Hugo Boss, signalling a step up in efforts to secure majority ownership of the luxury fashion brand. Michael Murray, Frasers' chief executive, was appointed by the supervisory…
Hugo Boss chairman quits amid Mike Ashley power struggle
Stephan Sturm will step down as Hugo Boss chairman once a successor has been found - Daniel Roland The chairman of Hugo Boss has quit after Mike Ashley ramped up efforts to acquire the German fashion giant. Stephan Sturm, who has been in t…
Hugo Boss chairman to step down after pressure from Mike Ashley’s Frasers
The chairman of Hugo Boss is to step down from the luxury fashion brand as Mike Ashley's Frasers Group tightens its grip on the business. Sports Direct owner Frasers said it will now appoint a second representative onto Hugo Boss's board a…
Sports Direct in row with advertising watchdog over ‘false’ discounts
The ASA told Sports Direct to withdraw the advert - Mike Kemp/Getty Mike Ashley's Sports Direct has accused the advertising watchdog of being "out of touch" in a deepening row over discounting at the cut-price retailer. The Advertising Sta…
Hugo Boss (XTRA:BOSS) Now Has A Shareholder With Nearly 48% Of Its Capital
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Frasers Group lifted its stake in Hugo Boss (XTRA:BOSS) to nearly 48% of share capital after a takeover offer that Hugo Boss manage…
Mike Ashley tightens grip on Hugo Boss after takeover bid
Mike Ashley's Frasers Group has built an almost 50pc stake in Hugo Boss after failing to take control of the German fashion brand. The retailer now owns 48pc of Hugo Boss after shareholders agreed to sell a further 17.6pc of the company to…
Announcement pursuant to section 23(1) sentence 1 no. 3 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)
NOT FOR RELEASE OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF SUCH JURISDICTION SHIREBROOK, England, Aug. 18, 2026 /PRNewswire/ -- On 25 June 2026, Frasers Group plc, Shire…
Harvey Nichols moves to reassure luxury brands after Frasers swoop
Bosses at Harvey Nichols are trying to reassure the department store chain's hundreds of luxury brand partners about its future stewardship under the retail tycoon Mike Ashley. Sky News has seen a memo sent by Kate Benson - a former Net-a-…
Harvey Nichols bought from administration by Mike Ashley’s Frasers
Mike Ashley's Frasers Group has bought Harvey Nichols after the struggling department store chain fell into administration. Bosses at Sports Direct owner Frasers said they will now oversee a turnaround at the historic chain, which could se…
Mike Ashley had described Harvey Nichols as being in a 'death spiral' - Eddie Mulholland Mike Ashley's Frasers Group is buying Harvey Nichols in a rescue deal that will save the luxury department store from collapse. Frasers has acquired t…
The retail billionaire Mike Ashley was on Wednesday putting the finishing touches to a rescue deal for Harvey Nichols, the department store chain. Sky News has learnt that Mr Ashley's Frasers Group is hoping to announce the acquisition of…
Harvey Nichols plunges to £49m loss as it races to strike rescue deal
Mike Ashley's Frasers Group is the frontrunner in the race to save Harvey Nichols - Oli Scarff/Getty Images Harvey Nichols has slumped to a £49m loss as it scrambles to stave off collapse with a rescue deal. Newly filed accounts show the r…
Billionaire Ashley leads race to clinch takeover of Harvey Nichols
The billionaire retail tycoon Mike Ashley is closing in on a takeover of Harvey Nichols, one of Britain's best-known department store chains, in a deal which is expected to see the business briefly placed into administration. Sky News can…
Ashley leads race to Worship £75m City real estate deal
The high street billionaire Mike Ashley is leading a race to acquire a collection of London buildings in what would represent a further expansion of his burgeoning property empire. Sky News understands that the businessman's Frasers Group…
Hugo Boss investors shun Mike Ashley’s takeover bid
Mike Ashley's swoop on Hugo Boss marks the latest move in his aggressive spate of empire building - Eddie Keogh/Reuters Hugo Boss investors have shunned Mike Ashley's £2.3bn takeover bid for the German fashion giant. Mr Ashley has been for…
Poundland owner joins suitors for department store chain Harvey Nichols
The owner of Poundland has tabled an offer for Harvey Nichols as the owner of the Knightsbridge-based department store chain nears a decision about its future. Sky News has learnt that Gordon Brothers, the investment firm which has owned s…
Frasers Group plc: Announcement pursuant to section 23(1) sentence 1 no. 2 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)
NOT FOR RELEASE OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF SUCH JURISDICTION SHIREBROOK, England, July 30, 2026 /PRNewswire/ -- On 25 June 2026, Frasers Group plc, Shire…
How Debenhams went from high street icon to Temu-style ‘jumble sale’
Few names in retail carry the weight of Debenhams. For decades, it formed the backbone of the British high street. From its humble beginnings as a single draper's shop in Wigmore Street in central London, selling gloves and parasols to hig…
Mike Ashley owns Sports Direct, Flannels and House of Fraser - Reuters Mike Ashley has taken a major stake in Burberry as he seeks to expand his luxury retail empire. The billionaire's Frasers Group disclosed a 4.2pc interest in the strugg…
Next and Frasers to lodge Harvey Nichols takeover bids tomorrow
British-based suitors for Harvey Nichols have been told to submit offers on Tuesday as one of Britain's best-known department store chains prepares to pick a new owner. Sky News has learnt that Frasers Group, the retailer founded by billio…
Labour taxes are killing off high street revival, warns Frasers boss
Michael Murray says it makes 'zero sense' for companies to spend billions, only to be made viable for higher tax bills - Cathal McNaughton/Reuters Labour's business rates tax raid has forced retailers to cut investment in Britain's high st…
Harvey Nichols bidders urged to commit £60m to turnaround plan
The pack of suitors interested in taking over Harvey Nichols, one of Britain's best-known department store chains, have been asked to commit up to £60m of investment to fund its transformation. Sky News understands that the bidders who hav…
Mike Ashley raises stake in Hugo Boss after £2.3bn takeover bid
The increase in its stake represents the latest piece of empire-building for Mike Ashley's group - Yui Mok/PA Mike Ashley's Frasers has upped its stake in Hugo Boss after the retail billionaire tabled a £2.3bn takeover bid for the German f…
Mike Ashley's Fraser Group convinced Harvey Nichols to drop its initial opposition to a possible bid - Lucy North/PA Mike Ashley has entered the auction for Harvey Nichols despite a backlash from the store's luxury suppliers over his invol…
Hugo Boss urges investors to reject Mike Ashley’s £2.3bn takeover bid
Hugo Boss says the offer was 'primarily designed to enable Frasers Group to increase its shareholding' - iStock Editorial Hugo Boss has rejected a £2.3bn takeover offer from Mike Ashley's Frasers Group, saying it undervalues the German fas…
Hugo Boss calls for investors to reject ‘inadequate’ Frasers Group offer
Bosses at Hugo Boss have urged investors to reject an "inadequate" takeover offer from Mike Ashley's Frasers Group. The retail giant behind Sports Direct and House of Fraser currently owns around 26% of Hugo Boss but launched a move to tak…
Mike Ashley says £1.7bn Hugo Boss takeover offer is ‘final’
Mike Ashley started building a stake in Hugo Boss in 2020 and is now its biggest shareholder - Jamie Lorriman Mike Ashley's Frasers Group has said its £1.7bn takeover bid for Hugo Boss is final as he gave the German fashion giant a month t…
Frasers Group plc: Announcement pursuant to section 14(3) sentence 1 no. 2 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF SUCH JURISDICTION SHIREBROOK, England, June 25, 2026 /PRNewswire/ -- As of today, the offer…
Boohoo blocks Mike Ashley from opposing executive pay
Boohoo has blocked shareholders from voting on executive pay in a move aimed at disarming a revolt by its largest investor, Mike Ashley. In its annual report, Boohoo – which rebranded as Debenhams last year – said it would not put pay to a…
Frasers Group launches £166m offer to take full control of Australia’s Accent
Mike Ashley's retail business, Frasers Group, has launched a takeover move for Australian footwear business Accent. Frasers currently owns a 22.9% stake in Accent but has now sought to take full control, amid a recent flurry of dealmaking…
Market sentiment was heavily tempered by a surge in energy prices and renewed global inflation worries after Iran announced plans to disrupt traffic through the critical Strait of Hormuz logistics choke point. Global risk appetite improved…
Key deals this week: GSK, Incyte, Ingredion, OpenAI, and more
[M A - concept waiting for mergers and acquisitions.3D rendering on yellow background.] fengdr Here's a list of key deals reported across sectors this week: Roku Inc. (ROKU [https://seekingalpha.com/symbol/ROKU]) soared 20% on a report tha…
European indexes were up in early trading, boosted by energy stocks after the U.S. launched fresh military action against Iran, sending oil prices higher. The Europe-wide Stoxx 600 was up 0.4%, while London's FTSE 100-index and France's CA…
Publication of the decision to issue a voluntary public takeover offer
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF SUCH JURISDICTION SHIREBROOK, England, June 10, 2026 /PRNewswire/ -- pursuant to section 10…