Mike Ashley’s Frasers Group, known for owning brands like Sports Direct, House of Fraser, and Flannels, has made an £83m offer to buy the remaining 63% of luxury British handbag maker Mulberry. This move comes after Mulberry’s financial struggles, highlighted by a sharp drop in sales and a significant pre-tax loss. The acquisition bid has...Read More

TGI Fridays, a well-known American-themed restaurant chain, is facing a financial crisis in the UK, with the company preparing to appoint administrators after critical merger talks collapsed last week. The chain, which has long been a staple of the casual dining scene, has struggled to adapt to the pressures of rising costs and shifting consumer...Read More

In a significant development for the UK retail landscape, Topshop, the iconic British fashion brand, could be set for a return to the high street after Asos sold its 75% stake in the brand for £135 million in a joint venture with Heartland, representatives of the Holch Povlsen family. The deal, announced recently, signals the...Read More

In a major strategic move within the evolving fintech landscape, Visa has announced the acquisition of UK-based fintech company Currencycloud for approximately £500 million. This acquisition underscores Visa’s ambition to expand its capabilities in cross-border payments, leveraging Currencycloud’s innovative technology to create a more efficient international payment ecosystem. The deal involves the transfer of Currencycloud...Read More

In a strategic move aimed at consolidating its position in the built environment and construction technology sector, Glider, a leading provider of digital asset management solutions, has acquired EDocuments, a digital documentation company specialising in information management for the construction and infrastructure industries. The deal, reportedly valued at £45 million, includes an estimated EBITDA multiple...Read More

Paul Marshall, co-founder of Marshall Wace and investor in GB News, has acquired TheSpectator for £100 million. The deal transfers the 196-year-old magazine from the Barclay familyto Marshall’s media group, OQS. The acquisition comes at a time of significant consolidation inthe UK’s media landscape and represents a shift towards greater investment in the future of...Read More

In a landmark deal, DSV has completed the acquisition of Deutsche Bahn’s logistics division, DB Schenker, for €14.3 billion. This significant transaction is set to reshape the global logistics landscape and strengthen DSV’s position as a leading player in the industry. Who are the 2 companies?  DSV, headquartered in Copenhagen, Denmark, is a prominent global...Read More