Peter Ruis has abruptly stepped down as managing director of John Lewis, the UK's biggest department store chain, following a tough trading period and differing management styles with parent group chair Jason Tarry. He will be replaced by Will Kernan.
Luxury department store chain Harvey Nichols warned it cannot survive another year without new investment after posting a £105m post-tax loss. Owner Dickson Poon put the firm up for sale, with Mike Ashley's Frasers Group emerging as a potential buyer.
An investigation into the death of Baby Justin raises questions about why an inquest was never held. A One Nation official with a history of racist social media posts is revealed. Locals discuss the impact of a shark attack. Cape Verde shocked Spain in the World Cup.
An investigation into the death of Baby Justin raises questions about why an inquest was never held. A One Nation official with a history of racist social media posts is revealed, and locals react to a shark attack. Cape Verde shocked Spain in the World Cup.
Mike Ashley's Frasers Group has launched a takeover bid for Australian footwear business Accent Group, offering 65 Australian cents a share. This follows a recent near-€2bn offer for Hugo Boss, highlighting a spree of acquisitions by the British billionaire.
Frasers Group, led by Mike Ashley, has launched a takeover bid for Hugo Boss at €38 per share, valuing the German fashion company at nearly €2.7 billion. Hugo Boss management expressed surprise, stating the offer was not coordinated with the company.
Frasers Group has offered nearly €2bn for a full takeover of German fashion house Hugo Boss, which it already holds a 26% stake in. Hugo Boss shares jumped 9.8% on the news, while Frasers shares initially fell but recovered.
Frasers Group has offered €1.98bn for Hugo Boss, increasing its stake in the German fashion house to full control. Hugo Boss shares jumped 7% on the news, while Frasers shares fell.
British billionaire Mike Ashley's Frasers Group has made a takeover bid for German fashion group Hugo Boss, offering €38 per share. Hugo Boss has stated the offer is not aligned with the company and offers a low premium, while analysts also find the offer unconvincing. The market is speculating on a higher bid.
Mike Ashley's Frasers Group has launched a €1.98bn takeover offer for German fashion brand Hugo Boss, aiming to acquire the remaining 74% of the company it doesn't already own. The bid, at €38 per share, follows years of speculation and aims to integrate Hugo Boss into Frasers' portfolio.
Die Frasers Group des britischen Milliardärs Mike Ashley plant die Übernahme von Hugo Boss mit einem Angebot von 38 Euro pro Aktie. Das Angebot bewertet das Unternehmen mit 2,68 Milliarden Euro und gilt für die noch nicht besessenen Anteile.
Sports Direct founder says people in his employ recorded footage of Peter Cowgill meeting another retail bossThe Sports Direct founder, Mike Ashley, has admitted to arranging surveillance footage that brought down his rival Peter Cowgill, the former JD Sports chair.Cowgill was secretly filmed in 2021 in a car talking with the Footasylum boss Barry Bown. JD Sports was in the process of acquiring the trainer retailer at the time and the two companies were not allowed to share commercially sensitive information. Continue reading...
