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Frasers checks into Burberry with a 4% stake in Mike Ashley's latest foray into the luxury market
Дата публикации: 28-07-2026 21:05:51
The FTSE 250 firm, which owns Sports Direct and House of Fraser, disclosed last night that it owns 4.1% of the British trench-coat maker.
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By DAILY MAIL CITY & FINANCE REPORTER
Updated: 22:05 BST, 28 July 2026
Mike Ashley’s Frasers Group has taken a stake in Burberry in its latest foray into the luxury market.
The retail group, which owns Sports Direct and House of Fraser, disclosed last night that it owns 4.1 per cent of the British trench-coat maker.
The FTSE 250 firm already owns luxury brand Flannels and Savile Row tailor Gieves & Hawkes, alongside a 37 per cent stake in Mulberry, another listed British fashion firm.
Frasers is also hoping to buy the remainder of fashion brand Hugo Boss, in which it already has a stake of more than 30 per cent.
Burberry, which features US model Kendall Jenner in its latest ad campaign, has struggled with dismal sales, but has shown signs that a turnaround plan under boss Joshua Schulman is starting to pay off this year.
Iconic: Burberry, which features US model Kendall Jenner, pictured, in its latest ad campaign, has struggled with dismal sales
Earlier this month, Burberry saw growth across all of its divisions for the first time since 2023.
Shares closed 5pc higher yesterday after the stake was disclosed, while shares in Frasers were up 2.5 per cent.
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| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | Mike Ashley's Frasers boosts stake in Hugo Boss as it ramps up takeover efforts | 0 | 11.63 | 21-07-2026 |
| 2 | Hugo Boss bolstered by better-than-expected profits as battles takeover swoop by Mike Ashley | 0 | 10.89 | 04-08-2026 |
| 3 | TG Jones owner Modella Capital joins race to buy struggling department store chain Harvey Nichols | 0 | 9.44 | 20-07-2026 |
| 4 | Hugo Boss calls for investors to reject ‘inadequate’ Frasers Group offer | 0 | 5 | 09-07-2026 |
| 5 | Frasers declara incondicional su OPA sobre Hugo Boss tras el visto bueno de Bruselas | 0 | 6.4 | 28-07-2026 |
| 6 | Frump well and truly dumped: M&S to celebrate 100 years at London fashion week | 5 | 7 | 09-07-2026 |
| 7 | CMC Markets signs lucrative shirt sponsorship deal with Everton FC | 0 | 5 | 01-07-2026 |
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Классификация: Пресс-релизы. Схожих патентов: 0. Схожих новостей: 10. Тональность: 0. Информативность: 16.28. Источник: www.dailymail.co.uk.