Frasers Group combines sports and fashion retailers, owned sports labels, consumer finance, property and investments in other listed businesses. Mike Ashley controls the listed group through MASH companies; Michael Murray is its chief executive. [1][27]
01 / Behind the name
Who owns Frasers Group?
Public · Mike Ashley-controlled through MASH Holdings Topco and its subsidiaries [1]
01
Listed retail, brand, finance and investment group
Note 36 reports 67.8% via MASH Beta and 5.9% via MASH Holdings at 26 April 2026, with Mike Ashley owning their parent MASH Holdings Topco. The report's separate 73.0% notification table uses an older March 2024 date. CEO, controlling shareholder and subsidiary owner are different roles. The brand portfolio below distinguishes group retail businesses, owned label/IP interests and partial international investments. Stakes in ASOS, AO, Debenhams, THG, HUGO BOSS, Mulberry and Accent are separate dated investments, not wholly owned Frasers brands. [1]
Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.
Follow the investment
Investors in Frasers Group
Investor disclosures found
Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.
Held entity · Frasers Group plc / MASH control structure
Control via MASH Beta 67.8% and MASH Holdings 5.9% · separately rounded
Annual report controlling-party snapshot ·
Report note 36 names MASH Holdings Topco as the controlling company above MASH Beta and MASH Holdings. Their reported 67.8% and 5.9% interests are each rounded and dated 26 April 2026. Mike Ashley owns Topco; CEO Michael Murray is not treated as the shareholder. These are indirect control through two vehicles, not a 100% Topco equity stake in Frasers plc.
Selected group retail businesses and owned label/IP interests. Subsidiary shareholding figures use the 26 April 2026 report snapshot; completed acquisition dates are stated separately. The Webster and Maxi Sport are partial investments. Third-party labels sold in shops, payment partners and property tenants are not added as owned brands. Listed-company minority investments appear on the Frasers investor page.
Brand research reviewed . Ownership and tax figures elsewhere on this page describe the group, not individual brands.
Showing 24 of 29 brands and ranges
Sports Direct
Sports & outdoor
The report identifies full ownership of the group trading company. Sports Direct is a retail banner; international franchise and licensed businesses are not necessarily wholly owned stores. Third-party brands stocked by the retailer retain their own owners. [1][2]
Markets & sources (1)
Also listed or searchable as: SportsDirect, Sportsdirect.com
The report identifies full ownership of The Flannels Group Limited. Brands stocked by FLANNELS, including independent luxury labels, are not thereby Frasers-owned brands. [1][3]
Markets & sources (1)
Also listed or searchable as: Flannels Beauty, FLANNELS X
The two named retail and brand companies are wholly owned in the subsidiary table. This profile covers the department-store platform and its Frasers fascia, distinct from the corporate Frasers Group profile. Stocked brands and store concessions have separate ownership. [1][4][5]
Markets & sources (1)
Also listed or searchable as: House of Fraser, Frasers department store, FRASERS
Current shop terms identify Frasers Group Trading Limited as the operator. The annual report lists it and GAME Digital Limited as wholly owned. The Spanish operating business was sold on 20 March 2025; UK ownership does not imply ownership of every overseas GAME business or of game publishers. [1][6][7]
The report and current shop identify Evans Cycles Limited. Wiggle and Chain Reaction are acquired brand/IP history and current redirects, rather than equity ownership of the original insolvent operating companies. Cycle brands stocked by Evans are not assumed to be owned. [1][8][9][10][11]
Markets & sources (1)
Also listed or searchable as: Evans, Wiggle, Chain Reaction Cycles, ChainReaction, CRC
The annual report separately identifies fully owned retail and IP companies. This supports the group relationship while retaining separate operating-company and brand-rights scopes. [1][12]
The report's numerical stake is in USC IP Limited. The current issuer page confirms the retail banner, but the IP-company stake does not certify that every shop is a separate wholly owned company or that all stocked labels belong to Frasers. [1][13]
The report and current shop footer identify Studio Retail Trading Limited. Studio Pay closed and eligible customers migrated to Frasers Plus; it is not listed as an active separate finance business here. [1][14]
The report lists Sofa.com Limited as wholly owned and includes the business in its premium lifestyle segment. The current issuer service directory corroborates the group relationship; a separate UK cash tax amount has not been established for this banner. [1][15]
The report identifies full ownership of the named retail company. Current website terms identify that company as the operator; the dated subsidiary stake is not treated as a certificate of every international trademark or licensee. [1][16][17]
The lender is the fully owned Frasers Group Financial Services Limited. Tymit is a separate technology/service investment with a reported 69% interest. Payment-provider and Visa arrangements do not establish ownership of those partners; destination branding is not the legal name of every property owner. [1][18]
Markets & sources (1)
Also listed or searchable as: FrasersPlus, Frasers+, Frasers Plus Account
The report records the trade/assets acquisition on 8 October 2025 and an 80% issued-share interest in FG Webster Florida Inc. This is a majority investment in the named operating entity, rather than 100% ownership or 80% of every trademark and label sold by the retailer. The primary report does not name the holder of the remaining 20%. [1]
The administrators confirm a completed business and asset sale on 13 August 2026 to Frasers Group Trading Limited, a wholly owned Frasers subsidiary. This is not a purchase of all shares in the old insolvent Harvey Nichols companies. The OXO Tower restaurant business went separately to Fallow Media Limited. Franchise rights do not establish ownership of international franchisee companies. [19][20][1]
Owned sports label; Slazengers Limited and Slazenger Carlton (Holdings) are fully owned in the report. Sponsorship of events does not transfer ownership of those events. [1][21][22]
Owned sports label, with fully owned Everlast entities in the report. International licences and distributors are not all certified as group-owned businesses. [1][21]
Owned-label interest through Karrimor IP Limited. This does not establish equity ownership of the separate Japanese operator or every international licensee. [1][21]
Harvey Nichols' UK retail business, online store and international franchise rights were acquired on 13 August 2026. The OXO restaurant business was sold separately to Fallow Media. [19]
Missguided was sold to SHEIN in October 2023. A retained company named Missguided Retail does not establish retained brand ownership. The Dunlop sporting-goods/licensing sale completed in April 2017. [31][32]
The FY2026 report says Frasers discontinued plans to use the Matches IP and fully impaired it. An impairment is not proof of a sale. GAME Spain was sold; Sports Direct Malaysia's ownership was also disposed of, with a continuing royalty arrangement. [1]
03 / The figures, with context
What does it report in UK tax?
The 2026 report records £164.2m income taxes paid across the multinational Frasers group. Its UK corporation-tax liability percentage does not establish UK cash tax paid. The same group figure appears on the Sports Direct profile and must not be counted twice.
United Kingdom52 weeks ended 26 April 2026
UK corporation tax paid
Not separately disclosedCash payment
Frasers Group plc consolidated group Period ending 26 Apr 2026
The published 2026 report gives multinational group cash income taxes paid. Its UK percentage is of corporation-tax liabilities, not cash payments; applying it to the cash-flow total would invent a UK figure. The latest annual accounts located at Companies House were for 2025. [33][34]
Consolidated group52 weeks ended 26 April 2026
Group income taxes paid
£164.2mCash payment
Frasers Group plc consolidated group Period ending 26 Apr 2026
Frasers Group's 2026 annual report reports £164.2m income taxes paid across its multinational group. The 2026 report is issuer-published; the latest annual accounts located at Companies House were for 2025. This is not Sports Direct UK-only cash tax. [34]
These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.
FTI Consulting · administrators · 13 August 2026: six UK stores, e-commerce and international franchise rights sold to wholly owned Frasers Group Trading Ltd; OXO restaurant separately sold to Fallow Media Ltd
Companies House · Frasers Group plc, company 06035106, recorded as incorporated in England and Wales; statutory control band in this subsidiary is not an exact group stake
Bloomberg Finance L.P. · LEI register · LEI 213800JEGHHEAXIJDX34; headquarters address Unit A, Brook Park East, Shirebrook; record last updated 26 December 2025