Boohoo completes fundraising as it struggles to return to growth Retail Boohoo has raised just under £40m in a bid to turn itself around amid its public fight with the boardroom demands of an activist shareholder, Mike Ashley’s Frasers. This morning, the company said it had conditionally raised total proceeds of approximately £39.3m. This includes £400,000 from a retail offer and £38.9m from an investor subscription. [...]
Seedlip revolutionised alcohol free drinking. Now its founder has a new product: We tried it first Life&Style Ben Branson birthed the alcohol free spirits scene when he launched Seedlip nearly ten years ago. Five years after selling his majority share, he’s ready to change the face of drinking. Again. He talks to Adam Bloodworth Through the launch of Seedlip, Ben Branson established a reputation as the founding father of the alcohol free [...]
Mike Ashley’s Frasers Group plots stake in two UK shopping centres Retail Mike Ashley’s Frasers Group is reportedly closing in on two shopping centre deals, one of which includes a 50 per cent stake in the King’s property company as the retail behemoth looks to grow its physical estate.
Mike Ashlely’s Frasers appoints daughter’s boyfriend to the board April 1, 2024 Sports Direct owner Frasers Group has appointed a director to its board who is in a relationship with founder Mike Ashley’s youngest daughter.
Mike Ashley’s Frasers puts Matches Fashion into administration following bargain deal March 8, 2024 Mike Ashely’s Frasers Group is putting Matches Fashion, the luxury online fashion retailer, into administration less than three months after buying it in a cut price deal worth £52m.
Health groups ‘delighted’ at plan to ban disposable vapes January 28, 2024 Health and environmental groups are “delighted” with the Government’s plan to ban disposable vapes, to protect children and the planet.
Boohoo parachutes in ex-Betfair and Zoopla CFO after incumbent quits January 23, 2024 Embattled fashion brand Boohoo has drafted in a new chief financial officer, formerly of Betfair and Boohoo, after the incumbent quit with immediate effect this morning.
Mike Ashely’s Frasers Group raises stake in Boohoo to 22 per cent January 18, 2024 Mike Ashely’s Frasers Group has upped its stake in Boohoo again, taking it from 17 per cent to over 22 per cent. Shares in the fast fashion firm leaped over three per cent this morning as investors responded positively to the news. Frasers, formerly called Sports Direct, said over the summer its purchase of Boohoo [...]
Frasers: Chief calls for reform of ‘outdated’ business rates regime September 18, 2023 The boss of Frasers Group, Michael Murray, has described the business rates regime as a “disaster” and urged the government to overhaul the system.
Sabalenka to become world No1 after win over Zhang at US Open September 6, 2023 Former Australian Open winner Aryna Sabalenka made it four out of four Grand Slam semi-final appearances this year after the Belarusian toppled Qinwen Zheng yesterday at Flushing Meadows. On track for her first ever US Open title, Sabalenka beat her Chinese opponent 6-1 6-4 in Arthur Ashe Stadium to reach the final four in New [...]