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 [...]
Newcastle relegation Mike Ashley’s annus horribilis: Here’s what’s gone wrong for the divisive Sports Direct founder May 12, 2016 Mike Ashley's year has gone from bad to worse after Newcastle United were dumped out of the Premier League for the second time in his ownership on Wednesday night. Yet Newcastle's ejection from the riches of England's top tier into the same division as Burton Albion is only the latest in a series of damaging [...]
Chappell facing High Court BHS suit May 22, 2016 Administrators for BHS are to launch a High Court suit against the retail chain's former backer. City A.M. understands that Duff & Phelps will file a suit on Monday, targeting Dominic Chappell and arguing that the businessman has not co-operated with its investigation into the retailer's collapse. Chappell owns a 90 per cent stake in Retail [...]
BHS select committee: The six best moments from today’s hearing featuring the former senior team, Retail Acquisition’s management and ex-owner Dominic Chappell June 8, 2016 MPs embarked on a marathon evidence session over the collapse of BHS this morning – and it featured death threats, yachts, and countless other incredible revelations. In case you had other things to do during the four-and-a-half hour hearing, we've put together a list of the best moments from an extraordinary select committee session. [custom id="157"] 1. [...]
Sir Philip Green admits he made “a bad call” selling BHS to Dominic Chappell June 15, 2016 Sir Philip Green has said he is working on finding a solution for BHS pensioners and claimed most of the buyers who came forward for the company wanted to put it into administration. There have been some testy exchanges as Green faces a grilling from MPs, with questions so far focussing on the advisers who worked with [...]
Crunch week as BHS seeks a fresh start May 23, 2016 BHS hopes to enter a new era this week with the business set to be sold while its administrators prepare a high court complaint against the retailer’s former boss Dominic Chappell. Administrators plan to announce BHS’ new owner in the coming days, with bids understood to have come from Matalan founder John Hargreaves, Poundstretcher, and an [...]
Timeline: A blow-by-blow account of how BHS’ demise unfolded June 2, 2016 One of the biggest names on the UK's high street could be about to disappear, after its administrators began the process of winding it down. The news comes after a tumultuous few months for the retailer, which announced in April that it was entering administration – just over a year after it was sold for £1 by Arcadia [...]
Sports Direct boss Mike Ashley agrees to meet MPs for first time as he attempts to “set the record straight” over working conditions at Shirebrook February 17, 2016 Sports Direct boss Mike Ashley has agreed to meet MPs for the first time, in an attempt to head off ongoing criticism of his company's working practices. Ashley has invited politicians to the retailer's Shirebrook HQ in Derbyshire to "set the record straight", the Mirror reports. Shirebrook has been the focus of much ire in recent months, [...]
Rangers: Blow for Mike Ashley and Sports Direct as club chairman Dave King is cleared of contempt of court January 22, 2016 Rangers chairman Dave King has been cleared of contempt of court at the High Court over his legal dealings with Sports Direct owner Mike Ashley. Mr Justice Peter Smith threw out the charge and said the fact it had been made was an abuse of the process. King had been accused of committing contempt for [...]
Mike Ashley splashes the cash: Newcastle smash own transfer spending record as Jonjo Shelvey joins for £12m from Swansea January 12, 2016 Newcastle United's transfer spend for the season has reached £64m following the £12m purchase of Jonjo Shelvey from Swansea – the largest total spend for a single season in the club's history. Having made just £3.5m from player sales so far this campaign, Newcastle also currently have the Premier League's second highest net spend at [...]