Mike Ashley

Mulberry Presentation RTW Fall 2020, photographed in London on 14 February 2020

Financial

Frasers Raises Mulberry Stake, Now Has to Make an Offer — or Walk

The U.K. Takeover Panel has given Mike Ashley’s group a deadline of Dec. 17 to decide whether or not it wants to buy Mulberry, which is majority owned by Christina Ong.

clock November 19, 2020Samantha Conti

The new Mulberry Portobello tote

Financial

Mike Ashley’s Frasers Group Ups Stake in Mulberry

Ashley now owns almost one-third of Mulberry, and if he wants to increase his stake further, he’ll have to make an offer for the company.

clock November 6, 2020Samantha Conti

The new Mulberry Portobello tote

Financial

Mike Ashley Takes Stake in Mulberry Group

The controversial Ashley founded Sports Direct and owns the House of Fraser retail chain.

clock February 3, 2020Samantha Conti

Jack Wills' AW16 collection

Financial

Sports Direct Buys Jack Wills in Distress Sale

The sporting goods retailer owned by Mike Ashley has bought yet another troubled retailer.

clock August 5, 2019Samantha Conti

Cara DelevingneCostume Institute Benefit celebrating the opening of Camp: Notes on Fashion, Arrivals, The Metropolitan Museum of Art, New York, USA - 06 May 2019Wearing Dior Same Outfit as catwalk model *10068365x

Business Features

In Britain, the Rich Don’t Always Get Richer

Sir Philip Green has lost his billionaire status, while François-Henri Pinault and Salma Hayek have seen their fortune rise, according to The Sunday Times Rich List 2019.

clock May 12, 2019Samantha Conti

Sergio Bucher, Thea Bregazzi and Justin Thornton'Studio by Preen' launch, London, UK - 04 Apr 2018

Human Resources

Sergio Bucher Steps Down as Debenhams CEO After Refinancing

A search for his successor has begun, and that person will likely be a turnaround expert.

clock April 18, 2019Samantha Conti

Debenhams store

Retail

Debenhams Files for Administration After Rejecting Mike Ashley’s Takeover Deal

Shareholders’ stakes have been wiped out and the company has suspended trading, but commercial operations are still running. 

clock April 9, 2019Natalie Theodosi and Fiona Ma

Sergio Bucher, Thea Bregazzi and Justin Thornton'Studio by Preen' launch, London, UK - 04 Apr 2018

Human Resources

Two Investors Kick Chairman, CEO Off Debenhams’ Board

Chairman Ian Cheshire has now left the company, while ceo Sergio Bucher remains, despite the demotion.

clock January 10, 2019Samantha Conti

French Connection's dress; The Kooples shoes.

Business Features

After Years of Drama, Stephen Marks Looks to Sell French Connection

The board has appointed Numis Securities Ltd. as financial adviser.

clock October 7, 2018Samantha Conti

House of Fraser's flagship store on Oxford Street in London

Retail

Mulberry’s Plunge Captures Uncertainty as House of Fraser Drama Unfurls

New owner Mike Ashley is faced with mounting debt and the industry wonders how he will repair relationships.

clock August 20, 2018Fiona Ma

House of Fraser outlet at Fremlin Walk

Fashion Scoops

Mike Ashley to Turn House of Fraser into ‘Harrods of the High Street’

Ashley wants to stock Gucci and Prada among other luxury brands.

clock August 14, 2018Fiona Ma

House of Fraser flagship store in Oxford Street

Business Features

Good Sport? Industry Wonders How Ashley Will Handle House of Fraser

House of Fraser could be the biggest challenge yet for Sports Direct tycoon Mike Ashley in a cold climate for British high-street retail.  

clock August 13, 2018Samantha Conti

Mike Ashley

Retail

Mike Ashley Pays 90 Million Pounds for Bankrupt House of Fraser

The troubled retailer called in Ernst & Young early Friday, hours before a distressed sale to retail tycoon Mike Ashley.

clock August 10, 2018Samantha Conti

House of Fraser's Oxford Street store

Financial

House of Fraser Owner Ready to Sell 51 Percent of Retailer to Fellow Chinese Company

Sanpower owner Yuan Yafei, who also owns China’s oldest department store Nanjing Xinjiekou, is looking to offload a 51 percent stake in the company he purchased in 2014.

clock March 6, 2018Lorelei Marfil

Arrow

Essentialist

Today's Must Read

Stephane Rolland Couture Fall 2020

Fashion

Stéphane Rolland to Launch Ready-to-Wear Fashion Line

clock 7hMimosa Spencer

Social Studies

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