Page 14 - Stephen Marks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The unusual stock movement forced the company to announce it had received approaches from two interested parties on Friday. Shares in the company then rose by a further 90% that day, so Frasers missed out on about £3.4m in additional gains. John Stevenson, an analyst at Peel Hunt, said French Connection was another example of an Ashley stock market investment that had “not gone brilliantly”, with the fashion group’s share price lower than it was five years ago, when he first built up the stake. Frasers, formerly known as Sports Direct, lost £150m when Debenhams went into administratio...

Mike Ashley Frasers Group has sold its 25% stake stake in French Connection Share price soared Friday after takeover approaches from investment groups Spotlight Brands, behind fitness-focused Sweaty Betty, and Laura Ashley owners Gordon Brothers made one of the approaches Proposals come same week that Asos announced its £330m Topshop takeover Bohoo has agreed a £55million deal to buy the brand and website of Debenhams

Mike Ashley-led Frasers Group has sold its almost-25% stake in French Connection after the troubled fashion brand was targeted by potential buyers. On Friday, French Connection told investors that it had received two approaches from investment groups looking to complete a takeover. Shares soared higher on the back of the update, rising by around 65% by Friday afternoon. In a new filing on Monday morning, French Connection revealed that Frasers – which had been the second-largest shareholder in the business – has now sold its entire 24.93% stake. Frasers Group founder Mike Ashley (Kirsty O...

The company told investors it has received early proposals over deals after its shares surged by about 40 on Thursday amid market speculation.

Shares in the struggling fashion retailer close up 67% after it says it is talks with two suitors.