Boohoo to rebrand as Debenhams despite Frasers Group’s vote to block it | Boohoo
Fashion group Boohoo is to move forward with plans to change its name to Debenhams, despite Mike Ashley's Frasers group voting to block formalizing the move in a meshing battle between the two retailers. Boohu said earlier this month that he wanted to change the name of Debenhams himself, a department store brand he purchased […]
CEO of Mike Ashley’s Frasers Group says budget felt like being ‘kicked in the face’ | Frasers Group
The chief executive of high street retail giant Frasers said he felt he had been “kicked in the face” after Rachel Reeves' autumn budget. Frasers said it had seen a decline in shopper confidence around the Budget as the company lowered its profit forecast for this year. The company, founded by Mike Ashley, who owns […]
Frasers Group criticises management of Mulberry after ditching takeover plans | Frasers Group
Mike Ashley's Frasers Group has criticized management after luxury handbag maker Mulberry pulled out of a takeover plan after a series of offers were rejected. Frasers, Mulberry's second-largest shareholder with a 37% stake, made multiple offers for the fashion brand, reaching a bid of £111m this week, all of which were rejected. Mulberry's largest shareholder, […]