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Why Mike Ashley’s luxury retail empire is going cheap

2 sources·Updated August 22, 2026

Covered by 2 sources

Guardian UK·2h ago
‘Penchant for bling’: can Sports Direct’s Mike Ashley take a bigger slice of luxury retail?
Frasers billionaire bought Harvey Nichols and increased Hugo Boss stake despite tough times for high-end stores What billionaire doesn’t love to splash the cash on a luxury item? Some may buy watches or yachts, but Sports Direct founder Mike Ashley has been snapping up entire…
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