Mike Ashley’s firm should pay its debts to pensioners and taxpayers before it tries to buy Debenhams December 8, 2020 We are living in extraordinary times. At all levels of society people are being asked to make sacrifices — and this includes businesses. This week, news broke that Mike Ashley’s Frasers Group is making a last-minute bid to purchase Debenhams. His company — of Sports Direct fame — has been thriving throughout the crisis, and [...]
Banning betting companies from sport sponsorship will create a huge void that may never be filled December 7, 2020 A few months ago, football club Swansea City announced its university namesake as its new shirt sponsor and thereby broke ties with a betting company. They may be just the first of many football clubs to break away from gambling and, like Swansea City, they will take a financial hit from the switch. This year’s [...]
Lawrence Dallaglio: Auction part of drive to give kids better prospects December 7, 2020 Watching the Autumn Nations Cup over the past few weeks has brought some much-needed entertainment to our lives but it has also provided a funding lifeline for the sport in a time where it was nervously looking into a challenging future. Whilst the sport will have to navigate some tricky decisions in relation to the [...]
Mike Ashley’s Frasers Group eyes last minute rescue of Debenhams December 6, 2020 Billionaire retail tycoon Mike Ashley is reportedly trying to rescue Debenhams in a bid that could save 12,000 jobs. Ashley, who founded retail giant Frasers Group and was previously a major Debenhams shareholder, is reportedly trying to thrash out a deal that would see the retailer valued at more than £200m. The retailer went into [...]
Debenhams closure: What next for struggling retail landlords? December 1, 2020 Retail landlords are set to take a multimillion pound hit following the collapse of Debenhams and Arcadia’s fall into administration, and could struggle to fill the space left by closed flagship stores. Many property owners, which have already been impacted during the pandemic due to a spike in retail restructurings and renegotiated rents, will lose [...]
Debenhams closure: Timeline of department store chain’s collapse December 1, 2020 Department street chain Debenhams announced this morning that it is preparing to close down after failing to attract a buyer, but the former high street giant’s problems stretch back over several years. Earlier this year the struggling retailer entered administration for the second time in 12 months, even before Covid-19 forced it to close its [...]
Return of fans to sport will encourage brands to lift the handbrake on big campaigns November 30, 2020 When The Beatles walked off-stage at Candlestick Park, San Francisco in August 1966 it would be another two and a half years until they played live. When they walked out onto the roof of Apple Records HQ on Savile Row a small matter of 885 days later, they launched straight into a brand-new track: Get [...]
There’s a new type of leader in town: Agile, decisive, and interested in more than their own voice November 27, 2020 The turbulence of 2020 has provided a new lens through which to look at our leaders, prompting a rethink of what leadership should look like in the Covid era and beyond. Over the past nine months, leaders have had to navigate the coronavirus pandemic, sweeping technological changes, worldwide Black Lives Matter protests, and of course [...]
How to stage a limited capacity match in the Covid era, from socially distanced seating to ordering drinks November 25, 2020 Sports clubs across England are preparing to host limited-capacity events when lockdown ends next week, but Harlequins are one step ahead. The Premiership rugby club had 2,800 at their home, The Stoop, for a match against Bath in early September, as part of a nationwide pilot scheme. Here, Adrian Wells, chief marketing officer at Harlequins, [...]
Surrey and Harlequins welcome return of fans but warn that capacity limits will lose clubs more money November 24, 2020 Two of English sport’s biggest clubs have welcomed the imminent return of fans but warned that staging matches with restricted capacity is not financially sustainable. Spectators will be able to attend live sport in limited numbers when the country’s second lockdown is lifted on 2 December, it was announced on Monday. The move is a [...]