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Mike Ashley’s Frasers Group raises stake in Asos to nearly 9%

The Guardian M&A

Larger holding is nearly enough to block a potential takeover bid as speculation grows about online retailer’s future Mike Ashley’s Frasers Group has built its stake in Asos to almost 9% – taking him close to the ability to block a takeover bid – ahead of a potential battle for control of the ailing online fashion business.

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Mike Ashley’s Frasers Group buys Studio Retail out of administration

The Guardian M&A

Nearly 1,500 jobs had been under threat when cut-price retailer business collapsed Mike Ashley’s Frasers Group has bought Studio Retail out of administration for £26.8m, saving almost 1,500 jobs after its shareholding in the online specialist was wiped out. Continue reading.

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Frasers Group buys Missguided out of administration for £20m

The Guardian M&A

Company controlled by Mike Ashley ‘delighted to secure a long-term future’ for online fashion retailer Frasers Group, controlled by the Sports Direct founder, Mike Ashley , has bought the online fashion retailer Missguided out of administration for £20m in cash.

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Frasers snaps up I Saw It First as it builds online fashion portfolio

The Guardian M&A

Sale comes after purchase of Missguided and earlier acquisition of Studio Retail Mike Ashley’s Frasers Group has snapped up I Saw It First, its second acquisition of an online fast-fashion specialist in as many months. Continue reading.

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Mike Ashley’s Frasers Group buys 5% Boohoo stake in online shopping spree

The Guardian M&A

Sale adds to flurry of investments by owner of Sports Direct, including in Currys, AO and Asos Mike Ashley’s Frasers Group has bought a £22m stake in the fashion group Boohoo as the high street retail tycoon makes a flurry of investments in online retail. Continue reading.

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New York Judge Spares NRA “Corporate Death Penalty”

Farrel Fritz

Since the 1970s the NRA has been best known to the public as a politically potent gun rights advocacy group with a powerful lobbying arm. carried on, conducted or transacted its business in a persistently fraudulent or illegal manner, or by the abuse of its powers contrary to public policy of the state has become liable to be dissolved.”.

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Mike Ashley’s Frasers Group defies retail gloom as young shoppers keep spending

The Guardian M&A

Many shielded from rising food and energy costs continue to spend as Flannels and Jack Wills owner unveils 53% profit rise Mike Ashley’s Frasers Group defied retail gloom in its first half as younger shoppers more shielded from the cost of living crisis continued to spend, including at its fast-growing designer chain Flannels.

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