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 to face shareholder anger at Sports Direct meeting September 10, 2019 Retail tycoon Mike Ashley is preparing to face frustrated Sports Direct shareholders at a meeting tomorrow following a turbulent year for the business. The founder and chief executive of the sportswear retailer has come under fire from shareholder advisory groups in the run up to tomorrow’s annual general meeting. Read more: Mike Ashley makes move [...]
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 ‘offers Arcadia £50m’ as crows circle retail group November 28, 2020 Mike Ashley’s Frasers Group is suggesting a £50m loan to keep Arcadia Group in business as the crows circle around the failing retail giant. Plans for the emergency loan come as Sir Philip Green’s Arcadia prepares to call in administrators, according to Sky News. It would be one of the biggest corporate victims of the [...]
Mike Ashley’s Sports Direct closes in on Jack Wills deal August 4, 2019 Retail tycoon Mike Ashley’s Sports Direct has emerged as the favourite to buy struggling fashion brand Jack Wills Sports Direct is the preferred bidder for the retailer and a deal could be struck as soon as tomorrow, Sky News reported. Read more: Mike Ashley and Philip Day in battle to buy Jack Wills Sources told [...]
Rangers, Hummel and JD Sports probed by competition watchdog over replica kit pricing December 16, 2020 Scottish football club Rangers are being probed by the UK competition watchdog over the pricing of their replica kits. The Competition and Markets Authority is also investigating Rangers’ former kit maker Hummel and retailers JD Sports and Greaves Sports. The CMA said it’s probe centred on “suspected anti-competitive behaviour in relation to the price at [...]
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 [...]
Mike Ashley’s Sports Direct buys Jack Wills for £12.8m August 5, 2019 Retail tycoon Mike Ashley’s Sports Direct has bought struggling high street brand Jack Wills out of administration for £12.75m. Ashley won a race against British billionaire Philip Day, who owns the Edinburgh Woollen Mill Group, to snap up the “preppy” fashion retailer. Read more: Philip Day tables bid to avoid Jack Wills administration Will Wright [...]
Sports Direct launches legal challenge to Debenhams restructuring plan June 11, 2019 Retail tycoon Mike Ashley has launched an audacious legal challenge to stall the turnaround plan at Debenhams, reigniting a bitter feud for control of the high street retailer. The embattled department store chain confirmed today that it has received challenges to its company voluntary arrangements (CVA) from parties including Sports Direct, the budget sportswear retailer [...]
Sports Direct hits back at Goals Soccer Centres after heated AGM June 30, 2019 Mike Ashley’s Sports Direct has escalated its war of words with Goals Soccer Centres just days after coming to blows with one of the troubled firm’s directors at a tense investor showdown. The retail tycoon’s sportswear firm has launched a bombastic attack on a senior figure at the five-aside football operator today, having made a [...]