Ashley in upmarket bid July 5, 2011 MIKE Ashley’s Sports Direct is close to buying an 80 per cent stake in two of Scottish billionaire Sir Tom Hunter’s fashion retail chains, in a deal valued at about £7m. Sports Direct is looking to buy the holdings in USC and Cruise, chains that specialise in higher-end consumer fashion, from Sir Tom’s private equity [...]
Sports Direct in £7m move into premium market July 6, 2011 Sports Direct said it has purchased majority stakes in two companies controlled by Tom Hunter, dipping its toe in the premium and luxury sector of the market. The firm, controlled by Newcastle United soccer club owner Mike Ashley, said Wednesday it has acquired 80 per cent shareholdings in Hunter’s West Coast Capital, a branded fashion [...]
Sports Direct in £7m move into premium market July 6, 2011 Sports Direct said it has purchased majority stakes in two companies controlled by Tom Hunter, dipping its toe in the premium and luxury sector of the market. The firm, controlled by Newcastle United soccer club owner Mike Ashley, said Wednesday it has acquired 80 per cent shareholdings in Hunter’s West Coast Capital, a branded fashion [...]
Sports Direct profit rises as staff pocket a £40k bonus July 14, 2011 SPORTS Direct yesterday reported a surge in full-year profit figures yesterday, triggering a bonus pot for staff. The retailer posted a 25 per cent rise in underlying profit for the year to 24 April – making £200.4m. The firm, controlled by Newcastle United owner Mike Ashley, grew like-for-like retail sales by 6.6 per cent while [...]
Sports Direct profit rises as staff pocket a £40k bonus July 14, 2011 SPORTS Direct yesterday reported a surge in full-year profit figures yesterday, triggering a bonus pot for staff. The retailer posted a 25 per cent rise in underlying profit for the year to 24 April – making £200.4m. The firm, controlled by Newcastle United owner Mike Ashley, grew like-for-like retail sales by 6.6 per cent while [...]
Sports Direct profit up 25pc July 14, 2011 Sports Direct HAS posted a 25 per cent rise in underlying year profit as it won market share from stricken rival JJB Sports. The firm, controlled by Newcastle United owner Mike Ashley, said It made underlying earnings before tax, interest, depreciation and amortisation (EBITDA) of £200.4m in the year to 24 April, after taking a [...]
Sports Direct profit up 25pc July 14, 2011 Sports Direct HAS posted a 25 per cent rise in underlying year profit as it won market share from stricken rival JJB Sports. The firm, controlled by Newcastle United owner Mike Ashley, said It made underlying earnings before tax, interest, depreciation and amortisation (EBITDA) of £200.4m in the year to 24 April, after taking a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2011 FINANCIAL TIMES SUPER RICH TO GET NEW LONDON ADDRESS A leading European hedge fund is preparing to build one of London’s most expensive housing developments as global investors scramble to gain a foothold in the capital’s resurgent residential market. In a deal completed over the weekend, Orion Capital Managers acquired an acre of prime residential [...]
Sports Direct profit up April 21, 2011 Sports Direct, the sportswear retailer controlled by the millionaire owner of Newcastle United, posted higher sales and profit on Thursday helped by growth in its core UK business. Total group sales for the nine weeks ending 27 March rose 10.3 per cent to £236m, while gross profit increased by 7.3 percent to 88 million pounds. [...]
Sports Direct profit up April 21, 2011 Sports Direct, the sportswear retailer controlled by the millionaire owner of Newcastle United, posted higher sales and profit on Thursday helped by growth in its core UK business. Total group sales for the nine weeks ending 27 March rose 10.3 per cent to £236m, while gross profit increased by 7.3 percent to 88 million pounds. [...]