Studio Retail Group – sale from administration to Frasers Group & other shareholders wipeout. A disgrace but quelle surprise...
Previously writing on Studio Retail Group (STU) earlier this month I noted hopefully my warning of “funding crisis ahoy” last month was heeded as now it’s ‘Intention to Appoint Administrators’!. In that I noted ‘the major shareholders include Frasers Group (FRAS) of Mike Ashley (in)famy (28.89%), Schroders (18.94%) and Lombard Odier (11.26%) – and what odds of Ashley now buying this out of administration with nothing for smaller shareholders?’. Today a “Sale of Studio Retail Limited”-titled announcement...


