Frasers

Debenhams cuts 2,500 jobs

Embattled department store chain Debenhams has cut 2,500 staff roles.  The retailer said that the job cuts, believed to be…

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Frasers Group mulls Debenhams acquisitions

Frasers Group owner Mike Ashley is reportedly looking to acquire up to 30 Debenhams stores. According to the Mail, sources…

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Fraser Group warns of closures amid business rates valuation delay

Mike Ashley’s Fraser Group has warned that a number of its stores could shutter as a result of the Government’s…

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Frasers Group to stop rent payments until it can ‘freely trade’

Mike Ashley’s Frasers Group has reportedly told landlords that it will withhold rent payments until it is “fully able to…

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Mulberry to cut global workforce by 25%

Luxury retailer Mulberry has announced the launch of a consultation process on proposals to reduce its workforce by approximately 25%…

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Frasers Group CFO blames reopening delay on ‘Cummings fiasco’

Chris Wooton, the chief financial officer of the Frasers Group, has blamed the new opening date for non-essential retail as…

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Sports Direct managers say firm asked them to work while on furlough

Mike Ashley’s Sports Direct and House of Fraser firms reportedly asked store managers to work one day a week despite…

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Frasers Group to cut bosses’ salary to £40k amid April pay pledge

Mike Ashley’s Frasers Group has reportedly reduced the salary of its executive team to £40,000 and has pledged to pay…

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Brighthouse set to call in administrators

Rent-to-own home furnishings brand Brighthouse is reportedly set to call in administrators, placing around 2,400 jobs at risk.  According to…

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Mike Ashley apologises for ‘ill-judged’ Covid-19 response

Sports Direct CEO Mike Ashley has penned an open letter apologising for the Fraser Group’s response to the Covid-19 lockdown.…

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