Sports Direct expected to post 20 per cent profit drop July 14, 2019 Sports Direct is expected to report a 20 per cent drop in profit following an acquisition spree by billionaire owner Mike Ashley. Profit before tax could slip from £152.9m to £122.06m, according to data from S&P Global Market Intelligence. Read more: Top Sports Direct executive leaves Mike Ashley’s firm Analysts said revenue is expected to [...]
Ocado, Dunelm and Superdry show there’s always winners & losers in retail July 10, 2019 It’s not all doom and gloom in retail. Whilst we have certainly seen a downturn on the high street, there are winners as well as losers. Next shares are among the best performers on the FTSE in 2019, up 30% so far. And they’re not alone in outperforming the market despite the trouble on the [...]
Pressure tells as Johanna Konta feels the heat of Centre Court to exit Wimbledon in the quarter-finals to Barbora Strycova July 9, 2019 Professional sport is an unforgiving environment. When you’re playing well Centre Court feels like a hospitable stage, the points coming at a steady pace, but when you’re struggling suddenly the crowd feels oppressive and the ball unrelenting. To see a sportsperson wither under the pressure is not an enjoyable sight – yet that’s exactly what [...]
Sports Direct set for Game Digital takeover after securing shareholder backing July 9, 2019 Sports Direct said today that it has wrapped up enough support for its takeover offer of Game Digital, paving the way for Mike Ashley’s latest high street acquisition. The retailer has said its offer for Game Digital is now unconditional, as its own 38.5 per cent stake and backing from other shareholders takes its support [...]
Debenhams urges Sports Direct to drop legal action over restructuring plan July 8, 2019 Debenhams has urged Mike Ashley’s Sports Direct to drop its lawsuit over the department store chain’s controversial insolvency plan after a key landlord withdrew its legal action. Sports Direct has filed a complaint against the company voluntary arrangement (CVA), which will allow Debenhams to close some 50 stores in a bid to stay afloat. Read [...]
Women’s World Cup 2019: Was it a success? And how does football build on it? Sport industry insiders give their views July 8, 2019 After 31 days, 52 games and 146 goals, the most high-profile Women’s World Cup yet is over. But what impact has it made on the game and the wider landscape? We asked a selection of industry experts. Contributors Lisa Parfitt, managing director, Engine Sport and Brand Experience; Steve Martin, global CEO, M&C Saatchi Sport and [...]
Going, going… Dons: AFC Wimbledon aiming to raise £7m using crowdfunding to pay for new Plough Lane stadium July 8, 2019 AFC Wimbledon are a club founded by fans and now, 17 years on from their rebirth, they are hoping their supporters can help lay the foundations for a move back to the corner of south-west London they call home. The Dons are building a new stadium at Plough Lane, which they believe will be ready [...]
Sports Direct hit with second senior departure in a week July 4, 2019 A senior figure within Mike Ashley’s Sports Direct has left the firm, marking the second high-ranking departure in under a week. The high street retailer’s company secretary Cameron Olson is leaving the firm to return to Australia for personal reasons, a spokesperson said today. The news, first reported by Press Association, comes just days after [...]
Game management to sell shares to Ashley’s Sports Direct July 4, 2019 Directors at retailer Game have urged shareholders to accept a £52m takeover offer from Sports Direct, saying they intended to sell their own shares to Mike Ashley’s company. Read more: Game recommends Sports Direct takeover offer Game previously recommended the offer of 30p per share, which it said was “fair and reasonable”. The bid came [...]
Superdry taps two top finance bosses after boardroom exodus July 4, 2019 Superdry has appointed two retail finance heavyweights to its board as it looks to restore order after an exodus of board members. The fashion chain has appointed Helen Weir and Alastair Miller as directors, with the appointments set to take effect from 11 July. Read more: Superdry delays results after issuing profit warning Weir was [...]