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 [...]
Authentic Brands in talks over double swoop for Arcadia and Debenhams – report December 13, 2020 US retail giant Authentic Brands is planning an audacious double swoop for collapsed Arcadia and Debenhams in a deal that would transform the high street. The firm, which recently took over historic New York department store Barneys, is in talks with the administrators of the two companies this weekend. The Sunday Telegraph reported that the [...]
Giving 2020 December 10, 2020 WELCOME to the 2020 edition of Giving. This magazine includes City A.M.’s tenth Charity Index – a ranking of the world’s top private institutional charity donors, based on independent research by nfpSynergy. We also showcase charities, large and small, who are making a remarkable and lasting impact around the world. Needless to say, this year [...]
Mike Ashley’s Frasers Group confirms interest in Topshop-owner Arcadia December 10, 2020 Mike Ashley’s Frasers Group has confirmed it is considering a deal to buy some of Arcadia’s brands, including Topshop, after the Sir Philip Green-owned retail empire collapsed at the end of last month. Chris Wootton, Frasers’ chief financial officer, told the BBC the group “tends to look at almost everything on the high street”, as [...]
New Toyota Hilux driven: the truck Clarkson couldn’t kill December 8, 2020 The new Toyota Hilux is gunning for the lifestyle market, with more power and luxury. Should you buy one instead of an SUV?
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 [...]