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Sports Direct owner buys Harvey Nichols department store chain
Mike Ashley’s Frasers Group acquires Knightsbridge-headquartered retailer after it went into administrationBusiness live – latest updatesThe owner of Sports Direct has bought Harvey Nichols out of administration after the upmarket department store chain warned it could run out of money if it did not find new funding.Mike Ashley’s Frasers Group said on Thursday it had bought the department store chain, which is headquartered at its store in Knightsbridge, for an undisclosed sum on the s
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French billionaire becomes Vodafone’s largest shareholder with £4.4bn stake
Xavier Niel buys 16% through investment vehicle Vega after Emirati telecoms group sells shareholdingThe French telecoms billionaire Xavier Niel has become Vodafone’s largest shareholder after buying a 16% stake for £4.4bn.On Friday, the Emirati telecoms group e&, which first took a stake worth £3.3bn in Vodafone in 2022, announced the sale of its entire shareholding for 112.5p a share. Continue reading...