Mike Ashley, British retailer Frasers' founder and biggest shareholder, will likely step down as chief executive next year and be succeeded by Michael Murray, the group's "head of elevation", it said on Thursday.
Frasers Group has unveiled its latest big development. The new Flannels in Sheffield opened its doors with women's and men's ready to wear and accessories, plus kidswear, activewear and — for the first time — beauty.
Is the UK's Frasers Group about to make a bid for Hugo Boss? Some investors in the latter seem to think so as its shares jumped on Friday on speculation that shareholder Frasers has ambitions to take control.
There's no doubting anything Kardashian related is still a major pull for many consumers. Hence, luxury retailer Flannels has signed US label Talentless to its roster of high-end brands for its 20 UK stores and online.