Tag Archives: Sports Direct

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 …

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 …

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.”

“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.

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.

The retailer must 'drag itself into the 21st century,' through better online services, say tech analysts

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.