ToyNews Toy industry news: business, marketing, retail, wholesale and distribution
Shop Direct owner Mike Ashley has labelled his defeat in the fight for ownership of the department store chain a ‘national scandal,’ as its new owners now draw up plans to close more than 50 stores. The plans, busy being drawn up last night, put at risk some 4,000 jobs …
Read More »Debenhams will ‘consider any firm offer from Mike Ashley’ but continue with emergency funding plans
Struggling department store chain, Debenhams has stated it would consider any firm takeover offer from Mike Ashley’s Sports Direct, but will continue with its emergency funding plans. Ashley’s Sports Direct revealed after market close last night that it was considering making an offer to buy Debenhams. However, Debenhams stated that …
Read More »Mike Ashley hopes to keep 47 of 59 House of Fraser stores open
The Sports Direct owner has said he wants to retain 80 per cent of House of Fraser’s stores and bring in “cools brand of the moment.”
Read More »House of Fraser rescued from administration in £90m buy out by Sports Direct’s Mike Ashley
“The group has acquired all of the UK stores of House of Fraser, the House of Fraser brand and all of the stock in the business,” it said.
Read More »Billionaire retail tycoon Philip Day weighs in on House of Fraser rescue plans
Day could be about to throw the struggling department store chain a lifeline following confirmation that China’s C.Banner, owner of Hamley’s, had pulled out of a £70m rescue deal.
Read More »Hamley’s owner C.Banner pulls out of House of Fraser rescue bid
The retailer must 'drag itself into the 21st century,' through better online services, say tech analysts
Read More »Sports Direct’s Mike Ashley considers House of Fraser steal from Hamleys owner with majority stake bid
Ashley has put forward what h considers ‘better terms’ than those offered by the Chinese fashion conglomerate and Hamleys owner, C. Banner who last week revealed it was delaying its deal.
Read More »