Representative image British online fashion retailer Boohoo on Friday appointed Dan Finley as its new CEO, effective immediately, in a blow to top investor Frasers which had attempted to appoint its controlling shareholder Mike Ashley to the role. Boohoo’s shares rose 3% on the news of the appointment of Finley, who is currently head of…
Representative image British luxury brand Mulberry rejected retailer Frasers‘ 83-million-pound ($111 million) takeover proposal on Tuesday, saying its majority shareholder did not support the bid and that it undervalued the company. Loss-making Mulberry, known for its luxury handbags and belts, on Friday made public plans to raise capital from shareholders. That includes a 10-million-pound proposed…
British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley‘s Frasers Group for an undisclosed sum, it said on Monday. THG and Frasers have also agreed on a partnership across several areas including with THG Ingenuity, the online platform that serves third-party brands, and online sports nutrition brand…
Representative image LONDON: Frasers, the British sportswear and apparel retailer controlled by Mike Ashley, has bolstered its presence in the luxury space by buying loss-making online player MATCHES from Apax Partners, paying about 52 million pounds ($66 million). MATCHES offers products from more than 450 designers and generates the majority of its revenue internationally, with…
