Sports Direct is to close its warehouse in Wigan, resulting in the likely loss of 300 jobs.
Retail supremo and former Marks & Spencer boss Lord Stuart Rose has criticised Mike Ashley’s plans for an “oligopoly” of the UK high street after the Sports Direct chief’s latest attempt to seize control of Debenhams.
Sports Direct has threatened legal action against the administrators of Debenhams after the department store fell into the hands of lenders.
Mike Ashley has called the administration of Debenhams a “national scandal” and called for the process to be reversed after the retailer’s lenders seized control.
Sports Direct’s £150 million rescue offer for Debenhams has been rejected, putting the high street retailer on course for a probable administration.
Sports Direct has created a letter for Debenhams shareholders to sign which includes a “demand” that Mike Ashley is made chief executive of the department store group.
Findel has doubled down on its rejection of the £140 million takeover offer made by Mike Ashley’s Sports Direct as it urges shareholders to oppose the bid.
Mike Ashley’s Sports Direct is considering tabling an offer for Debenhams which would value it at £61.4 million as the tycoon continues his pursuit of the struggling department store chain.
Struggling retailer Debenhams has said it will give any firm takeover offer from Mike Ashley’s Sports Direct “due consideration” but added it would not solve its mounting funding crisis.
Mike Ashley’s Sports Direct has hit out at Debenhams for rejecting his latest attempt to wrest control of the struggling retailer.
Mike Ashley has ramped up his efforts to gain control of Debenhams as the department store chain puts in motion plans to secure £200 million in new funding.
Beleaguered retailer Debenhams has said it will give “careful consideration” to a £150 million loan proposal from Mike Ashley’s Sports Direct amid an escalating row between the pair.
Mike Ashley’s Sports Direct has escalated a tussle with the directors of Debenhams, raising concerns with the City watchdog over the group’s communications.
Three more branches of Evans Cycles are to close this month as the chain approaches the end of a review process following its sale to Sports Direct, the Press Association can reveal.
Debenhams has confirmed it is in advanced talks to borrow £150 million as part of efforts to stay afloat, just days after Mike Ashley launched an aggressive bid to seize control of the retailer.
Debenhams shares spiked on Friday after Mike Ashley launched an aggressive campaign to seize control of the retailer.
A builder has been fined for drunkenly stealing a cap from a city sports shop by putting it on underneath his hard hat.
An Inverness dad is searching for a young “hero” who reacted quickly to help his six-year-old daughter after she slipped and smashed her head off a metal railing.
Under-fire Sports Direct boss Mike Ashley is bracing himself for a showdown with shareholders and unions as he prepares to throw open the retailer's factory doors to the public in a bid to address concerns over corporate governance and working practices.
Jim Murphy said Labour will stand up for working people not boardroom bosses as he pledged to ban zero hour contracts.