Mike Ashley’s Sports Direct closes in on Jack Wills deal August 4, 2019 Retail tycoon Mike Ashley’s Sports Direct has emerged as the favourite to buy struggling fashion brand Jack Wills Sports Direct is the preferred bidder for the retailer and a deal could be struck as soon as tomorrow, Sky News reported. Read more: Mike Ashley and Philip Day in battle to buy Jack Wills Sources told [...]
Topshop bottom up as it flounders in rough retail space September 12, 2019 Topshop and Topman sprung a leak in Philip Green’s pocket last year, as its parent company said it had faced a year of stiff competition. Loss before tax at the clothes retailer grew to £505m in the financial year ending 1 September last year. It was a strong rise from 2017’s much less damaging £3.8m [...]
Lidl sales help it hit record stake in UK supermarket sector December 10, 2019 The biggest supermarkets shed yet more market share to discounters Aldi and Lidl in the three months to the start of December, new data out today reveals. The big four grocers saw their collective market share drop by over one per cent to 67.7 per cent as people delayed their Christmas shopping and Black Friday [...]
A clash of visions at Sports Direct July 28, 2019 Mike Ashley once admitted that there was in fact another person who has really been running Sports Direct. She is a media-shy 51-year-old woman called Karen Byers. For almost three decades, Byers has been quietly working under Ashley as one of his core lieutenants, pulling 18 hour days and keeping a ruthless focus on the [...]
Coronavirus live: Social distancing needs to be in place for most of a year, say government advisers March 20, 2020 1.35pm: Social distancing measures need to be in place for “most of a year” Scientists advising the government have said social distancing measures need to be in place for “at least most of a year” to combat the coronavirus outbreak. In a press conference last night, Prime Minister Boris Johnson said the UK could “turn [...]
Mike Ashley and Philip Day in battle to buy Jack Wills August 3, 2019 High street giants Mike Ashley and Philip Day are embroiled in a battle to takeover Jack Wills, which is on the brink of administration. The billionaires’ companies, Sports Direct and Edinburgh Woollen Mill, are the two remaining bidders for the fashion chain, according to Sky News. Read more: Majestic Wine sells brand and stores for [...]
Sergio Aguero tops Premier League list and Watford continue rise as Aston Villa and Bournemouth go into freefall January 13, 2020 Debate over where Sergio Aguero ranks in the pantheon of English football’s imports or whether he gets the credit that he deserves may continue to rage, but some things are plain fact. With 177 goals, he is now the leading non-British scorer in the Premier League history, following his hat-trick in Manchester City’s 6-1 evisceration [...]
Not in the pink anymore: Jack Wills collapse leaves creditors out of pocket September 8, 2019 Jack Wills owed over £100m to creditors including HSBC and several councils when it collapsed into administration last month. The preppy clothing brand was bought by Mike Ashley’s Sports Direct for £12.8m in August, faces leaving a slew of companies out of pocket. Read more: Jack Wills stores at risk as Sports Direct kicks off [...]
JP Morgan backs Sirius Minerals $3.8bn financing package for Yorkshire mine April 30, 2019 JP Morgan has backed a $3.8bn (£2.9bn) Sirius Minerals financing package as the miner looks to complete a fertiliser project in North Yorkshire. The US bank has underwritten a $400m share placing launched this morning and will provide a $2.5bn revolving credit facility, Sirius Minerals revealed today. The giant polyhalite mine under the North York [...]
India’s richest man Mukesh Ambani snaps up iconic toy store Hamleys May 10, 2019 Iconic toy retailer Hamleys has been sold to India’s richest man Mukesh Ambani for an undisclosed sum. Mumbai-headquartered conglomerate Reliance Industries, which is owned by Ambani, said late last night it had signed a deal to buy the chain from Chinese giant C Banner International. Read more: Billionaire Mike Ashley may bid for iconic toy [...]