Frasers Group acquires Fashion Retailer Psyche

Mike Ashley’s Frasers Group, which owns Sports Direct, House of Fraser and Flannels, recently acquired fashion retailer Psyche—both stores as well as its online operations—following a buyout deal. Psyche owner Steve Cochrane, who has owned the business for around 38 years, will continue to run it after the takeover. The value of the deal was not disclosed.