UK retail magnate Mike Ashley has pledged approximately £670 million worth of shares in Frasers Group as collateral for a personal loan facility with HSBC. According to a recent stock
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Boohoo has announced unprecedented annual losses of £348m, marking the steepest deficit in its history. Executives at the online fashion group are grappling with a turbulent period, following a previous
Mike Ashley’s Frasers Group has launched fresh accusations against fast-fashion retailer Boohoo, claiming undisclosed payments to Umar Kamani, son of founder Mahmud Kamani. The allegations emerged following Frasers Group’s unsuccessful
In a significant move for the British ecommerce sector, shareholders of THG, formerly The Hut Group, have overwhelmingly supported the demerger of its Ingenuity ecommerce platform, valued at £90 million.
Retail magnate Mike Ashley has issued a stark warning to Boohoo shareholders, emphasising the crucial need to prevent any potential “fire sale” of company assets amidst his ongoing campaign for
British model train and hobby specialist Hornby has reported deepening losses in its half-year results, despite implementing significant restructuring efforts and experiencing revenue growth. The company’s shares tumbled 15.4 per
Fashion retailer Boohoo has revealed plans to raise £39.3 million through a share placement as the company grapples with mounting losses that have more than tripled in recent months. The
Mike Ashley’s Frasers Group has taken a significant step towards its goal of becoming a leading global sports retailer by acquiring a 14.65 per cent stake in Accent, a prominent
