All Frasers Group articles – Page 2
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News briefs
U.K. online retailer Studio Retail files for administration
The British online retailer Studio Retail Group filed for administration for itself and Studio Retail Limited, its wholly owned subsidiary, after failing to obtain a £25 million (€30m) short-term loan. The company also suspended its shares on the London Stock Exchange while it begins the U.K.’s form of bankruptcy proceedings. ...
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ArticleEngland plans to reopen non-essential stores April 12
The British Prime Minister Boris Johnson announced that non-essential retailing may reopen in England on April 12 after having been closed to prevent the spread of the Covid-19 pandemic. England introduced a third national lockdown on Jan. 4. Johnson said that the vaccination campaign underway in the U.K. ...
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News briefs
Ashley and ABG vie for Debenhams and Arcadia
Mike Ashley , the acquisitive boss of Frasers Group who is bidding for Debenhams , the biggest and oldest British department store chain, is reportedly interested now also in some of the assets of Arcadia , the bankrupt fashion retailing group that holds the largest number of concessions in ...
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ArticleFrasers Group in last-ditch bid to grab Debenhams
Mike Ashley ’s Frasers Group has returned to the fight with a last-ditch offer for Debenhams in a bid to save the largest and oldest British department store chain from liquidation. The group, which owns the Sports Direct chain of sporting goods stores as well as ...
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ArticleDebenhams collapses as JD Sports terminates rescue talks
The British department store chain Debenhams is winding down operations and closing all 124 shops with 12,000 potential job losses after JD Sports Fashion ended talks about a rescue deal. Administrators have been trying to sell the troubled 232-year-old group since April, but have admitted that the ...
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