
Frasers said on Tuesday it has increased its stake in German luxury fashion house Hugo Boss to 15.2% through stocks and derivatives, part of Ashley's ongoing drive to take the British sportswear retailer upmarket.
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Frasers said on Tuesday it has increased its stake in German luxury fashion house Hugo Boss to 15.2% through stocks and derivatives, part of Ashley's ongoing drive to take the British sportswear retailer upmarket.
Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.
Mike Ashley's Frasers Group, formerly Sports Direct, has taken a 5.1% stake in German label Hugo Boss through stocks and derivatives, continuing his drive to take the British sportswear and apparel retailer upmarket.
The cancellation of orders by UK retailers is causing a "major crisis" for Bangladesh’s garment industry, according to a government minister.
Just when we thought Mike Ashley might have ended his acquisition spree, news came on Monday that the Frasers group that he leads has acquired a 12.5% stake in British luxury brand Mulberry.
French Connection said Friday it has begun talks with four parties about a sale. The company also said it has had talks with other interested parties about its plans, without going into detail.
In a short statement on Monday, French Connection confirmed what had been rumoured for some time with the company saying that it’s looking at its strategy options and one of those could include a sale.
Mulberry has issued a profit warning on the back of the House of Fraser failure and buyout, while it has been revealed that a raft of major fashion names are owed millions by the retailer.
House of Fraser is to get a new owner after calling in administrators Friday. A fast deal to buy a slimmed-down version of the chain had been on the cards with news Friday that retail tycoon Mike Ashley is now in charge.
The New York-based brand management company announced on Thursday that it has entered into a cooperation agreement with Sports Direct, allowing the British retail group to appoint two Directors to Iconix’s Board.