Tag : Mike Ashley
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.
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.
Sports Direct tables offer for Magasin du NordSubscription
Sports Direct has offered to buy Debenhams’ Danish business, Magasin du Nord for £100m.
Mike Ashley 'would not buy Arcadia for £1'Subscription
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 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.