Newcastle United Owner Mike Ashley Continues to Buy Shares in Luxury Brands

Hugo Boss will reopen with new shareholder Credit: Daniel Grosvenor flickr

SHOPPERS at Sports Direct in the UK are used to discovering well-known brand names such as Lonsdale and Kangol which are subsidiaries of Frasers (the new name for the Sports Direct Group).

Now, owner, Mike Ashley appears to want to take his businesses up a notch by buying into other classic brands with the latest purchase of shares and options in Hugo Boss at a reported €100 million.

These shares join his portfolio which includes investments in Adidas, Mulberry and Umbro as well as ownership of House of Fraser.

Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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