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.
Ownership & related brands
Evidence · 1 source
- Frasers Group annual report 2026 (opens in a new tab)
Frasers Group plc · 52 weeks ended 26 April 2026; p24: businesses; p26: Studio Pay and GAME Spain; p121: worldwide cash tax; p123: group identity; p158: Matches IP; p160: direct investments; pp179–180: acquisitions; p182: MASH control; note 38 pp183–198: subsidiary issued-share interests
Accessed 10 Oct 2026