JD Sports sells 15 fashion brands to Mike Ashley’s Frasers Group in $58m deal

Flannels’ new store in Liverpool, UK illustrates Frasers Group’s plans to move upmarket. Flannels Frasers Group, owner of the Sports Direct chain founded by billionaire Mike Ashley, has agreed to buy a series of fashion brands from leisurewear retailer JD Sports Fashion for “up to” £47.5 million ( $57.7 million) which covers the acquisition of … Read more