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Tag : Mike Ashley

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  • lk bennett january 2019 brand image

    LK Bennett founder drops out of bidding war Subscription

    News5 April 2019

    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 002

    Debenhams suppliers ‘in the dark’ as pre-pack looms Subscription

    News2 April 2019

    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 3by2

    Debenhams secures temporary lifelineSubscription

    News29 March 2019

    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. 

  • Debenhams and mike ashley

    Mike Ashley lambasts Debenhams' refinancing planSubscription

    News29 March 2019

    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 lingerie index

    Debenhams bondholders back refinancing plansSubscription

    News28 March 2019

    Debenhams’ refinancing plans, which included asking lenders for a £200m cash injection, have been approved by bondholders.

  • lk bennett 2019 store front 2

    LK Bennett bid deadline looms Subscription

    News22 March 2019

    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.  

  • magasin du nord store resized

    Sports Direct tables offer for Magasin du NordSubscription

    News22 March 2019

    Sports Direct has offered to buy Debenhams’ Danish business, Magasin du Nord for £100m.

  • Mike ashley

    Mike Ashley 'would not buy Arcadia for £1'Subscription

    News22 March 2019

    Amid his battle for control at Debenhams, Sports Direct tycoon Mike Ashley has lashed out at Sir Philip Green, announcing that he would not buy the mogul’s Arcadia Group empire, even for £1.

  • Sports Direct in Thurrock

    Sports Direct reports Debenhams to FCASubscription

    News13 March 2019

    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.  

  • Debenhams and mike ashley

    Ashley Debenhams coup is a 'protection' playSubscription

    News12 March 2019

    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.

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