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Tag : Mike Ashley

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  • Mike ashley

    Mike Ashley ups stake in Four MarketingSubscription

    News4 June 2020

    Frasers Group chief executive Mike Ashley has increased his shareholding in brand agency Four Marketing to 49% – up from 32.5% in May 2019. 

  • Sports direct jack wills

    Frasers Group reviews furlough payments Subscription

    News22 May 2020

    Mike Ashley’s Frasers Group, formerly known as Sports Direct International, has decided to keep salary levels at 100% in May for the majority of its employees. 

  • MiKE_Ashley___CREDIT_GETTY

    Mike Ashley apologises for 'ill-judged' coronavirus actionsSubscription

    News27 March 2020

    Mike Ashley, chief executive of Frasers Group, has issued a public apology after a spat with the government over trying to keep his Sports Direct stores open when non-essential businesses were ordered to close.

  • Mulberry ss20

    Mulberry is Frasers' pick of the cropSubscription

    Features10 February 2020

    Drapers examines what Frasers Group’s stake in Mulberry means for the brand and Mike Ashley’s quest to create the “Harrods of the high street”.

  • Sports direct thurrock

    Frasers Group settles Belgian tax dispute Subscription

    News30 January 2020

    Mike Ashley’s Frasers Group, formerly known as Sports Direct International, has settled its tax dispute with Belgian authorities.

  • High street canterbury kent

    'Broken' business rates take toll on high streetsSubscription

    News21 January 2020

    The retail industry is calling for urgent action on business rates from the government as high streets across the UK prepare for another wave of store closures.

  • Sports direct thurrock

    Sports Direct revenues riseSubscription

    News16 December 2019

    Mike Ashley’s Sports Direct International has reported rising revenue and profits as the retail group reaps the rewards of acquisitions, a strong performance in its premium lifestyle division and the sale of its Shirebrook distribution centre.

  • Nike and Adidas at the Icon outlet

    Drapers investigates: Do Nike and Adidas hold too much power?Subscription

    Features12 December 2019

    Drapers investigates the dominance of Nike and Adidas in the sportswear industry as they both shift toward direct-to-consumer strategies.

  • Redundancies newsletter

    Retailers call for support as redundancies rocketSubscription

    News20 November 2019

    The industry is calling for government support as scores of retailers across the UK cut head office roles in a bid to reduce costs and combat tough trading conditions.  

  • Sports direct thurrock

    Mike Ashley seeks rent negotiations Subscription

    News18 November 2019

    Mike Ashley is reportedly asking landlords to agree to turnover rents across his entire estate, whereby up to 15% of fees would be linked to in-store sales.

  • Mike ashley

    Mike Ashley group profits crumble Subscription

    News1 November 2019

    Pre-tax profits have fallen by 80% to £20.87m at Mash Holdings, Mike Ashley’s investment firm, for the year to 29 April 2018.

  • Brookfield

    Sports Direct acquires retail parkSubscription

    News21 October 2019

    Sports Direct has acquired the Brookfield Shopping Park in Cheshunt, Hertfordshire, for £25.4m.

  • ashley hof

    Frasers mini-chain to debut in WolverhamptonSubscription

    News4 October 2019

    House of Fraser has announced that it will unveil its new Frasers luxury department store concept in the Mander Centre in Wolverhampton.

  • 3087023 debenhamsandmikeashley

    Third of Sports Direct investors rebel against Mike AshleySubscription

    News12 September 2019

    A third of Sports Direct investors reportedly voted against Mike Ashley maintaining his role as CEO at the group’s annual general meeting yesterday.

  • mike ashley

    Mike Ashley faces shareholder revolt Subscription

    News30 August 2019

    Sports Direct boss Mike Ashley is reported to be facing a shareholder rebellion ahead of the retailer’s upcoming annual meeting in September.

  • Marlborough high street by anguskirk 14546087668 d41c2cc24b o

    Four forces redefining the high streetSubscription

    Features28 August 2019

    As the retail industry returns from its collective summer holidays and looks ahead to the autumn season, Drapers recaps how the high street has changed so far this year

  • Jack wills and mike ashley

    Sports Direct demands zero rents on Jack Wills storesSubscription

    News13 August 2019

    Jack Wills’ new owner, Sports Direct, is asking landlords to accept rent-free tenancy agreements across some of its worst-performing stores, Drapers can reveal. 

  • Jack wills

    Sports Direct seeks Jack Wills rent cutsSubscription

    News8 August 2019

    Jack Wills’ new owner, Sports Direct, is reported to be negotiating with landlords to slash rents across its 100-store portfolio.

  • Jack wills and mike ashley

    Questions over Ashley’s strategy with Jack Wills Subscription

    News6 August 2019

    Industry insiders have questioned Mike Ashley’s long-term strategy as he continues to “irrationally hoover up the high street”.

  • Mike ashley

    Sports Direct frontrunner for Jack Wills sale Subscription

    News5 August 2019

    The private equity owner of Jack Wills, BlueGem, is reportedly close to agreeing a sale of the business to Sports Direct’s Mike Ashley. 

  • ashley hof

    House of Fraser suppliers hit out at Ashley’s U-turn Subscription

    News29 July 2019

    House of Fraser suppliers have told Drapers they fear for the future of the struggling department store chain and questioned if Sports Direct’s Mike Ashley did his due diligence before he bought it.

  • Hof westfield

    House of Fraser weighs heavily on Sports DirectSubscription

    News24 July 2019

    Ahead of Sports Direct’s delayed results, expected on Friday, Drapers analyses Mike Ashley’s progress in transforming House of Fraser into the “Harrods of the high street” and integrating it into the group alongside premium fascia Flannels.

  • Sports Direct in Thurrock

    Sports Direct delays results Subscription

    News15 July 2019

    Mike Ashley’s retail empire Sports Direct has delayed announcing its financial results, following speculation about a fall in earnings, in a year in which the group pursued several large-scale takeover bids. 

  • Sports Direct in Thurrock

    Sports Direct's head of retail exitsSubscription

    News2 July 2019

    Mike Ashley’s head of retail, Karen Byers, has resigned from Sports Direct after 28 years.

  • Outside Sports Direct's Shirebook HQ

    Malaysia pension fund buys Sports Direct HQSubscription

    News28 May 2019

    Mike Ashley’s Sports Direct Group headquarters has been sold to Malaysia’s Employees Provident Fund (EPF) for $153 million (£120m), the Sunday Times has reported.

  • ma

    Sports Direct sells MySale stakeSubscription

    News21 May 2019

    Sports Direct International has sold its share in Australian etailer MySale Group.

  • Frasers

    House of Fraser suppliers back premium revampSubscription

    News13 May 2019

    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.

  • Hof ww

    Plans for House of Fraser in Altrincham to be redevelopedSubscription

    News23 April 2019

    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 dublin

    Sports Direct sells Dublin flagship Subscription

    News17 April 2019

    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).

  • mike ashley

    Sports Direct: Debenhams pre-pack is a ‘national scandal’Subscription

    News9 April 2019

    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 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.

  • Debenhams 3by2

    Debenhams closes in on £150m credit line Subscription

    News11 March 2019

    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. 

  • mike ashley

    Ashley demands position on Debenhams boardSubscription

    News7 March 2019

    Sports Direct has called for a general meeting of Debenhams to appoint Mike Ashley to the board of directors.

  • findel screenshot

    Findel shuns Ashley takeover bidSubscription

    News5 March 2019

    Home-shopping company Findel has urged shareholders to reject a takeover bid from Sports Direct, saying the offer “significantly undervalues” the group.

  • Mike ashley

    Profits plunge at Mike Ashley’s investment companySubscription

    News14 February 2019

    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.

  • mike ashley

    Mike Ashley's grip on UK retail market revealedSubscription

    News1 February 2019

    Sports Direct owner Mike Ashley’s growing group of businesses captured 3.2% of all UK non-food retail spend in 2018, new research has shown.

  • mike ashley index

    Mike Ashley faces late filing fineSubscription

    News29 January 2019

    Mike Ashley is facing a late filing fine for one of his companies, after it failed to file its accounts on 23 July 2018.

  • debenhams watford (9) flipped

    Suppliers’ fears for Debenhams mount Subscription

    News15 January 2019

    Suppliers have expressed concern about the future of Debenhams following last week’s revolt by Mike Ashley at the retailer’s annual general meeting.

  • Debenhams 002

    Ashley's rebellion a 'battle for control’ of Debenhams Subscription

    News11 January 2019

    Mike Ashley’s shock revolt at Debenhams’ shareholder meeting could be the first salvo in an attempt to gain control of the business, retail experts have said.

  • Year in review index

    Fashion retail's highs and lows of 2018Subscription

    Features14 December 2018

    As this year comes to a close and a new one approaches, Drapers recaps the twists and turns in the retail industry over the past 12 months

  • Mike Ashley, owner and CEO, Sports Direct Group Subscription

    Top 10013 December 2018

    Owner of Sports Direct, USC, Flannels, Cruise, Van Mildert, House of Fraser, Evans Cycles, a 27% stake in French Connection and a 30% stake in Debenhams, Mike Ashley is arguably the new king of the UK high street. 

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