General Election 2019: Businesses hit back as Labour ‘names and shames’ UK’s five worst bosses December 2, 2019 Businesses have hit back against Labour’s renewed attack, after the party “named and shamed” some of the biggest firms in the country. Retailers Amazon, Asda and Sports Direct, taxi app Uber and outsourcer ISS have all come under attack from Jeremy Corbyn, as part of Labour’s campaign promise to deliver “the biggest extension of workers’ [...]
Sports Direct to rebrand as Frasers Group as Mike Ashley attempts to elevate image November 25, 2019 Sports Direct International has announced it will rebrand as Frasers Group as retail tycoon owner Mike Ashley attempts to improve the company’s image. The proposed rebrand, which will be voted on by shareholders on 16 December, follows the announcement that the company is planning to launch a chain of of luxury high street stores named [...]
House of Fraser accused of reversing fur ban November 20, 2019 Retail tycoon Mike Ashley is facing accusations that he has overturned a ban on real fur at House of Fraser. Customers posted images on social media that appeared to show fur-lined coats found in store, despite the company’s previous no-fur stance. Read more: Sports Direct hit by ‘terminal’ House of Fraser problems Some shoppers pledged [...]
Mike Ashley demands landlords link rent to sales November 17, 2019 Retail tycoon Mike Ashley, the founder of Sports Direct, has demanded that new rent deals are tied to sales across his high street empire. Ashley has reportedly asked landlords to agree to turnover rents, where up to 15 per cent of the rent payable is linked to in-store sales. Read more: Sports Direct ends two [...]
Boris Johnson compares Jeremy Corbyn to Soviet dictator Joseph Stalin November 6, 2019 Prime Minister Boris Johnson yesterday compared Labour leader Jeremy Corbyn to former Soviet dictator Joseph Stalin. Johnson wrote that Corbyn’s attack on a group of billionaires – including retail magnate Mike Ashley and hedge fund manager Crispin Odey – was reminiscent of Stalin’s brutal collectivisation campaign in the 1930s which led to an estimated half [...]
Brexit Party to run in hundreds of seats in the general election November 1, 2019 Nigel Farage is set to launch an assault on hundreds of seats in a major threat to the Conservatives’ hopes of gaining a majority in next month’s general election. Farage is set to launch the Brexit Party’s election campaign this morning, just a day after it was rumoured the party would only run for about [...]
City chiefs hit back after Jeremy Corbyn criticism October 31, 2019 City chiefs hit back at Jeremy Corbyn last night after the Labour leader launched a stinging personal attack on some of the country’s most prominent business figures. Retail tycoon Mike Ashley, branded a “bad boss” by Corbyn, told City A.M. the Labour leader was “clueless” and accused him of lying. Read more: Tories tap up [...]
Mike Ashley hits out at competition watchdog over JD Sports probe October 30, 2019 Retail tycoon Mike Ashley has slammed the UK’s competition watchdog for its investigation into the merger between JD Sports and Footasylum, saying it has overstated Sports Direct’s share of the market. The Competition and Markets Authority (CMA) is investigating whether JD Sports’ £90m takeover of Footasylum could result in higher prices and reduced competition in [...]
Corbyn kicks up fresh row with Ashley October 7, 2019 A new footballing rivalry was formed over the weekend after Jeremy Corbyn took aim at retail tycoon Mike Ashley for his running of Newcastle United. The Labour leader has taken his war on corporate bosses to the football pitch after branding the high street billionaire “a bad owner” and accusing him of self-interest. “[Clubs] are [...]
Mike Ashley kicks off £4m takeover for Goals Soccer Centres September 23, 2019 Goals Soccer Centre has said it is discussing a takeover bid with high street tycoon Mike Ashley after his Sports Direct said it wanted to take the company private, valuing it at £3.76m. Sports Direct, of which Ashley is the main shareholder, said it was offering 5p a share for the just over 80 per [...]