Tag : Sports Direct
LK Bennett bid deadline looms Subscription
The fate of LK Bennett will be decided on Monday 25 March – the deadline for final offers from prospective buyers, which are thought to include founder Linda Bennett, as well as Mike Ashley.
Debenhams on brink of £200m lifelineSubscription
Debenhams is reportedly about to secure £200m in funding that could help the struggling department store resist Mike Ashley’s takeover bid.
Sports Direct’s luxury fascia, Flannels, is planning to expand to 100 stores in the UK and launch internationally for the first time, Drapers can reveal.
Sports Direct reports Debenhams to FCASubscription
Sports Direct has reported the Debenhams board to the Financial Conduct Authority (FCA) with concerns that recent trading updates have “deliberately” misled investors about its finances, it has been reported.
Ashley Debenhams coup is a 'protection' playSubscription
As the power struggle between the board of Debenhams and Mike Ashley reached boiling point this week, industry stakeholders remain unconvinced that the involvement of the Sports Direct tycoon would revive the department store’s fortunes.
Debenhams closes in on £150m credit line Subscription
Debenhams is in advanced negotiations to secure a £150m lifeline from its current lenders, as it calls on the competition watchdog to intervene in an attempted boardroom coup by Mike Ashley.
Findel shuns Ashley takeover bidSubscription
Home-shopping company Findel has urged shareholders to reject a takeover bid from Sports Direct, saying the offer “significantly undervalues” the group.
Sports Direct ups stake in Findel Subscription
Sports Direct has offered to buy Findel for £139m.
Flannels to open in six more locations Subscription
Sports Direct-owned premium retailer Flannels will open six new stores in the first half of the year as it continues its expansion.
Profits at Mash Holdings, Mike Ashley’s personal investment company tumbled by 64% compared with the previous year, to £102.5m for the year to 30 April 2017.