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This is How Mike Ashley Saved 1,500 Jobs at Studio Retail

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Mike Ashley’s Frasers Group plc acquired Studio Retail and preserved 1,500 jobs in the process. Fraser had been a Studio Retail Group (SRG) shareholder but the British value chain’s collapse into administration wiped out his 28.9 percent stake. SRG management rebuffed his takeover efforts in December 2019. The online retailer failed to attract a buyer…

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