Tag : Mike Ashley
Mike Ashley ups stake in Four MarketingSubscription
Frasers Group chief executive Mike Ashley has increased his shareholding in brand agency Four Marketing to 49% – up from 32.5% in May 2019.
Frasers Group reviews furlough payments Subscription
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, 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 is Frasers' pick of the cropSubscription
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”.
Frasers Group settles Belgian tax dispute Subscription
Mike Ashley’s Frasers Group, formerly known as Sports Direct International, has settled its tax dispute with Belgian authorities.
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 revenues riseSubscription
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.
Drapers investigates the dominance of Nike and Adidas in the sportswear industry as they both shift toward direct-to-consumer strategies.
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.
Mike Ashley seeks rent negotiations Subscription
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 group profits crumble Subscription
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.
Sports Direct acquires retail parkSubscription
Sports Direct has acquired the Brookfield Shopping Park in Cheshunt, Hertfordshire, for £25.4m.
Frasers mini-chain to debut in WolverhamptonSubscription
House of Fraser has announced that it will unveil its new Frasers luxury department store concept in the Mander Centre in Wolverhampton.
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 faces shareholder revolt Subscription
Sports Direct boss Mike Ashley is reported to be facing a shareholder rebellion ahead of the retailer’s upcoming annual meeting in September.
Four forces redefining the high streetSubscription
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’ new owner, Sports Direct, is asking landlords to accept rent-free tenancy agreements across some of its worst-performing stores, Drapers can reveal.
Sports Direct seeks Jack Wills rent cutsSubscription
Jack Wills’ new owner, Sports Direct, is reported to be negotiating with landlords to slash rents across its 100-store portfolio.
Questions over Ashley’s strategy with Jack Wills Subscription
Industry insiders have questioned Mike Ashley’s long-term strategy as he continues to “irrationally hoover up the high street”.
Sports Direct frontrunner for Jack Wills sale Subscription
The private equity owner of Jack Wills, BlueGem, is reportedly close to agreeing a sale of the business to Sports Direct’s Mike Ashley.
House of Fraser suppliers hit out at Ashley’s U-turn Subscription
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.
House of Fraser weighs heavily on Sports DirectSubscription
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 delays results Subscription
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's head of retail exitsSubscription
Mike Ashley’s head of retail, Karen Byers, has resigned from Sports Direct after 28 years.
Malaysia pension fund buys Sports Direct HQSubscription
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.
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.
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.
Debenhams closes in on £150m credit line Subscription
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.
Ashley demands position on Debenhams boardSubscription
Sports Direct has called for a general meeting of Debenhams to appoint Mike Ashley to the board of directors.
Findel shuns Ashley takeover bidSubscription
Home-shopping company Findel has urged shareholders to reject a takeover bid from Sports Direct, saying the offer “significantly undervalues” the group.
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's grip on UK retail market revealedSubscription
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 faces late filing fineSubscription
Mike Ashley is facing a late filing fine for one of his companies, after it failed to file its accounts on 23 July 2018.
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.
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.
Fashion retail's highs and lows of 2018Subscription
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
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.