mikeashley
Mike Ashley’s Frasers Group is reportedly in talks to sell its Missguided clothing brand. The firm is bidding to offload it to online fashion titan Shein, according to Sky and the BBC, with the alleged talks coming only a year after Frasers took over the brand. Frasers Group bought Missguided for £20 million last year after the online fashion retailer collapsed into administration. Shein was founded in China in 2008 and has become a global giant in the world of fast fashion. Human rights groups and Western government – including the US and Britain – have accused China of committing crimes agai...
BANG Showbiz English
“A little more confidence has been infused into Frasers Group PLC (LON:FRAS) with the latest sales figures a boost after the long days of lockdown, but the company sees continued uncertainty ahead for retail with new variants causing concern. Q2 2021 hedge fund letters, conferences and more Although the damaging effect of the crisis is plain to see, with full year pre-tax profit falling 94.1% to £8.5 million, since stores re-opened sales have rebounded beyond expectations. Frasers Group CEO Steps DownIt’s no surprise that founder Mike Ashley is taking this break in the clouds to step away from...
ValueWalk
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