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Mike Ashley Eyes Control of Hugo Boss
Businesshelsingin-sanomat1mo ago

Mike Ashley Eyes Control of Hugo Boss

Mike Ashley, who made his fortune with Sports Direct, is reportedly seeking to gain influence in Hugo Boss, though a fashion expert suggests the brand's bigger threat is its perceived dullness.

Culturesaudi-gazette3mo ago

Passports Directorate Deploys Teams for Hajj Pilgrims

The Passports Directorate has deployed specialized teams to identify hospitalized and lost pilgrims during the Hajj season. This effort aims to assist and locate individuals facing difficulties during the pilgrimage.

Frasers Group Increases Stake in Hugo Boss, Nearing Majority Control
BusinessFTThe Guardiantagesschau+2The IndependentYahoo9d ago5 sources

Frasers Group Increases Stake in Hugo Boss, Nearing Majority Control

Mike Ashley's Frasers Group has significantly increased its stake in luxury fashion brand Hugo Boss to 48%, tightening its hold on the company, though it narrowly missed achieving a majority stake. This move follows previous bids and demonstrates Frasers Group's growing influence over Hugo Boss.

Boohoo and Debenhams owner raises £35m, risking Mike Ashley clash
BusinessThe Guardian6mo ago

Boohoo and Debenhams owner raises £35m, risking Mike Ashley clash

Company, which also owns Oasis, Warehouse and Karen Millen, to use cash to cut debts and fund turnaround Business live – latest updates The owner of Boohoo and Debenhams is raising £35m from shareholders in a move that could open a fresh conflict with Sports Direct founder Mike Ashley. The company, which also owns Oasis, Warehouse, Pretty Little Thing and Karen Millen, said on Tuesday that the new cash would help reduce debts and fund its turnaround plans. These involve slashing costs, selling off a distribution centre and operating Debenhams as an online marketplace for other brands. Continue reading...

Frasers Group Acquires Harvey Nichols Department Store
BusinessBBCbloombergFT+3The GuardianThe IndependentYahoo14d ago6 sources

Frasers Group Acquires Harvey Nichols Department Store

Mike Ashley's Frasers Group, owner of Sports Direct, has acquired the luxury department store chain Harvey Nichols out of administration. The acquisition signals Frasers Group's expansion into the upmarket retail sector.

Senegal Star Retires from National Team After World Cup Loss
CultureBBCThe GuardianAl Jazeera+55Fox NewsnrkfazberlingskeDWle-figaroder-standardFrance 24+47 more1mo ago58 sources

Senegal Star Retires from National Team After World Cup Loss

A Senegalese football star announced his retirement from the national team following their elimination from the FIFA World Cup, citing dissatisfaction with the coaching staff. This decision comes amidst broader discussions about the tournament's impact and controversies.

Frasers Group Offers €2.7 Billion to Acquire Hugo Boss
BusinessBBCbloombergFT+6The Guardiannzzfazdie-presseThe Independentseeking-alpha2mo ago9 sources

Frasers Group Offers €2.7 Billion to Acquire Hugo Boss

Mike Ashley's Frasers Group, a major shareholder in Hugo Boss, has made a formal offer of €2.7 billion (£1.73 billion) to acquire the entire German fashion house. The bid values Hugo Boss shares at €38 each, aiming for full ownership, with reports detailing the motivations behind the controversial British major shareholder's move.