MPs slammed Mike Ashley today – but have finally accepted his invitation to visit the Shirebrook warehouse July 22, 2016 MPs investigating the working conditions at Sports Direct's Shirebrook warehouse have finally accepted Mike Ashley's invitation to see the site for themselves. Ashley has been desperate for the Business, Innovation and Skills (Bis) committee to visit the warehouse, presumably because he hopes they won't think it's that bad. If you're wondering how bad it was, read this testimony [...]
More good news for Mike Ashley – another shareholder group has said they plan to kick up a fuss at Sports Direct’s public AGM August 25, 2016 Legal & General Investment Management (LGIM) has joined calls from shareholder groups for a review of corporate governance at Sports Direct. The group said it would be voting against the re-election of non-executive directors at Sports Direct because the company "needs a stronger body of independent non-executive directors to ensure the business is run in the [...]
Sports Direct’s Mike Ashley steps in for eleventh hour BHS chats June 12, 2016 Sports Direct's Mike Ashley is trying to reopen talks to save BHS from liquidation. A source told City A.M. that Ashley had written to the administrators in a bid to reopen a dialogue in a move that could save a number of stores along with the BHS name. City A.M. also understands that the administrators will be [...]
Sports Direct share price falls after unveiling plans for the UK’s first board worker rep March 9, 2017 Mike Ashley's Sports Direct said it was breaking new ground in good corporate governance after announcing it is kicking off the process to elect the UK's first board worker representative. All "directly-engaged workers" can put their names in the hat for the high-profile role and the firm will then conduct an extensive "assessment" process, before putting a selection of candidates forward [...]
Mike Ashley admits he can’t control Sports Direct June 7, 2016 Mike Ashley has spoken candidly about the working conditions at Sports Direct, saying he cannot know everything occurring in his company and that some practices were unacceptable. Ashley said: "I can't be responsible for everything that goes on at Sports Direct." "This is a process of growth, and the growth has been too big." Ashley said the success of [...]
Sports Direct founder Mike Ashley to answer MPs’ questions this morning June 7, 2016 Sports Direct's billionaire founder Mike Ashley will finally face MPs' questions this morning, after months of avoiding calls to appear in front of the business, innovation and skills (BIS) select committee. Ashley will be quizzed over allegations about working practices at the company's Shirebrook warehouse in Derbyshire. Sports Direct has been criticised for its treatment [...]
Here are the very best quotes from Mike Ashley’s appearance at the business select committee June 7, 2016 Mike Ashley put in an explosive performance appearing in front of MPs today to defend the working practices at Sports Direct. The Twittersphere went wild as Ashley not once, but twice, denied that he is Father Christmas. But what else did Ashley, who only rarely puts in media appearances, say? Here are some of the very [...]
Agent Provocateur founder Joe Corre: My brand was “dropped like a pair of dirty knickers” March 6, 2017 Agent Provocateur co-founder Joe Corre has branded the £30m sale of the lingerie retailer “a scandal on many levels”. Corre, the son of iconic fashion designer Vivienne Westwood, said his brand was “dropped like a pair of dirty knickers”. Agent Provocateur was put up for sale by 3i in January. Last week, administrators Alix Partners sold the [...]
Sports Direct debacle: “I’m not Father Christmas,” says Mike Ashley June 8, 2016 Sports Direct boss Mike Ashley admitted to MPs yesterday that some of the working conditions at the firm were “unacceptable”, arguing that he could not control every aspect of his company. Addressing the Business, Innovation and Skills Select Committee, which is investigating the retailer for poor working practices, Ashley said: “I can’t be responsible for [...]
MPs have called Mike Ashley to give evidence to the joint select committee on BHS June 9, 2016 It seems MPs just can't get enough of Mike Ashley; the retail tycoon is now being called to give evidence in front of the joint select committee which is looking into the sale of BHS. The boss of Sports Direct responded to the committee saying he will provide written evidence. Ashley admitted this week that [...]