Tag : Mike Ashley
Sports Direct sells MySale stakeSubscription
Sports Direct International has sold its share in Australian etailer MySale Group.
House of Fraser suppliers back premium revampSubscription
House of Fraser suppliers have largely welcomed plans to rebrand 31 of its branches as a premium chain, but landlords are likely to play hard ball in the proposed rent break negotiations.
The owner of the Stamford Quarter shopping centre in Altrincham has submitted plans to redevelop the House of Fraser department store into a retail, office and residential scheme.
Sports Direct sells Dublin flagship Subscription
Sports Direct has reportedly sold its Dublin city centre flagship for around €20m (£17.3m), just three years after it purchased the property for a reported €12m (£10.4m).
Sports Direct has called Debenhams’ pre-pack administration a “national scandal”, and called for the process to be reversed in favour of a “full, better and appropriate solvent solution”.
LK Bennett founder drops out of bidding war Subscription
Rebecca Feng, who runs LK Bennett’s Chinese franchises, is the current frontrunner to buy the premium womenswear retailer out of administration, after founder Linda Bennett dropped out of the bidding war earlier this week, Drapers can reveal.
Debenhams suppliers ‘in the dark’ as pre-pack looms Subscription
Debenhams suppliers have told Drapers they have been “left in the dark” and fear for the future, as the department store chain prepares to restructure, which may result in a pre-pack administration.
Debenhams secures temporary lifelineSubscription
Debenhams has agreed a £200m refinancing deal with its existing lenders that leaves the door open for Sports Direct to formally table an offer for the business.
Mike Ashley lambasts Debenhams' refinancing planSubscription
Sports Direct CEO Mike Ashley has responded to bondholders backing Debenhams’ refinancing plan, claiming that “if there were any justice in the world, the majority of the advisers would be put in prison”.
Debenhams bondholders back refinancing plansSubscription
Debenhams’ refinancing plans, which included asking lenders for a £200m cash injection, have been approved by bondholders.