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Results for "Mike Ashley"

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Frasers Group Builds Stake in Puma
Businesswsjmarketwatch3mo ago2 sources

Frasers Group Builds Stake in Puma

British billionaire Mike Ashley's retail company, Frasers Group, has acquired a stake in the sporting giant Puma, becoming the second company this year to do so.

Boohoo and Debenhams owner raises £35m, risking Mike Ashley clash
BusinessThe Guardian3mo ago

Boohoo and Debenhams owner raises £35m, risking Mike Ashley clash

Company, which also owns Oasis, Warehouse and Karen Millen, to use cash to cut debts and fund turnaround Business live – latest updates The owner of Boohoo and Debenhams is raising £35m from shareholders in a move that could open a fresh conflict with Sports Direct founder Mike Ashley. The company, which also owns Oasis, Warehouse, Pretty Little Thing and Karen Millen, said on Tuesday that the new cash would help reduce debts and fund its turnaround plans. These involve slashing costs, selling off a distribution centre and operating Debenhams as an online marketplace for other brands. Continue reading...

Frasers Group Offers €2.7 Billion to Acquire Hugo Boss
BusinessBBCbloombergFT+6The Guardiannzzfazdie-presseThe Independentseeking-alpha3d ago9 sources

Frasers Group Offers €2.7 Billion to Acquire Hugo Boss

Mike Ashley's Frasers Group, a major shareholder in Hugo Boss, has made a formal offer of €2.7 billion (£1.73 billion) to acquire the entire German fashion house. The bid values Hugo Boss shares at €38 each, aiming for full ownership, with reports detailing the motivations behind the controversial British major shareholder's move.

Businesswsj3mo ago

Corporate Financial News and Stock Movements

Various companies report financial updates: Costco evaluates tariff refunds, Nike plans a $300 million charge for cost-cutting, Cumulus Media faces bankruptcy, IMCD shares plunge after a dividend cut, and Puma shares jump after a retail billionaire buys a stake.