Tag : Mike Ashley
Update: Sports Direct on Magasin du Nord saleSubscription
Sports Direct said it has not been formally approached by Debenhams with details of an offer for its Danish department store chain Magasin du Nord, following reports that it has threatened to block a sale.
TK Maxx has accused Mike Ashley’s Sports Direct of attempting to “deceive the public” by opening new stores under the Brand Max fascia.
A third of Sports Direct investors reportedly voted against Mike Ashley maintaining his role as CEO at the group’s annual general meeting yesterday.
Suppliers’ fears for Debenhams mount Subscription
Suppliers have expressed concern about the future of Debenhams following last week’s revolt by Mike Ashley at the retailer’s annual general meeting.
Suppliers braced for more pain from HoF fallout Subscription
Mike Ashley secured House of Fraser’s future on London’s Oxford Street this week, however, suppliers have warned of job losses, profit shortfalls and even risk of closure as debts are revealed.
Standard Life sells stake in Sports DirectSubscription
Sports Direct has reportedly lost its largest independent investor, Standard Life, following concerns over its corporate governance.
Standard Life puts pressure on Sports Direct Subscription
Standard Life Investments is increasing pressure on Sports Direct over Mike Ashley’s control of the business.
Sports Direct's head of retail exitsSubscription
Mike Ashley’s head of retail, Karen Byers, has resigned from Sports Direct after 28 years.
Sports Direct’s profits plummetSubscription
Embattled retailer Sports Direct has announced a 57% fall in underlying pre-tax profits to £71.6m after a “tough” six months.
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”.