Sports Direct’s Mike Ashley tees off in bidding war for American Golf October 5, 2018 Sports Direct owner and retail tycoon Mike Ashley is set to expand his business empire further, as it suggested he has tabled a bid for Britain's largest golf retailer American Golf. Ashley is among a number of interested parties in the American Golf takeover, including JD Sports Fashion, sources told Sky News. Deloitte, who is advising [...]
M&S, Tesco and Primark bosses to face MPs over fast fashion ‘waste’ October 5, 2018 Parliament's environmental audit committee has asked the bosses of 10 UK clothing retailers to reveal their environmental records, amid concerns about serial clothes dumping. High street staples Marks & Spencer, Primark, Next, Tesco, Asda and Sports Direct – among others – will also be summoned to parliament to face questions from the committee in November. Fast fashion is shorthand [...]
Intu shares soar nearly 30 per cent on John Whittaker takeover rumours October 5, 2018 Shares in property group Intu have rocketed nearly 30 per cent on rumours of a possible takeover from a consortium led by John Whittaker's Peel Group. The other investors led by the British billionaire include Canada's Brookfield Asset Management and Saudi Arabia's Olayan Group. Intu owns some of the UK's most well-known shopping centres, including the Trafford Centre [...]
Qarabag v Arsenal: The rise of Azerbaijan’s five time champions October 3, 2018 When Arsenal take the field tonight, they will be hoping that it is just the first of two visits this season to the Baku Olympic Stadium. The Gunners are making a 5,000-mile round trip for their second Europa League group stage fixture against FK Qarabag, a record distance for the club in major competitions. Should [...]
The Green Room review: Find out what corporate hospitality means at the Kia Oval before you fork out to impress clients October 3, 2018 The last time I sat in a corporate box, it was miserable. A relative who worked for a bank had been offered tickets to a Muse gig at Wembley Stadium and invited me along as box meat to fill the space. At the time, I was a fan of the Devonshire space rockers, but I [...]
Sports Direct and JD Sports join the race for Evans Cycles October 3, 2018 JD Sports Fashion and Sports Direct have taken up seats at the bidding table alongside Halfords for beleaguered firm Evans Cycles. Both sporting retail powerhouses have tabled indicative offers for Evans in the last week, Sky News first reported late last night. The bids come in addition to an offer from Britain's biggest bike firm [...]
Former House of Fraser directors dismissed amid calls for an investigation October 1, 2018 The former directors and senior management of House of Fraser have been dismissed following the department store's collapse. Sports Direct, which bought the beleaguered high street chain for £90m in August, announced that it has sacked the former top team amid calls for an investigation into the company's spiral into administration. Read more: Mike Ashley blames landlords [...]
Former Manchester United and Chelsea chief exec Peter Kenyon in talks to buy Newcastle United September 29, 2018 The former chief exec of football clubs Manchester United and Chelsea is planning a sensational swoop to buy Newcastle United from retail tycoon Mike Ashley. Peter Kenyon, who now heads up a consultancy called Opto Advisers, has approached potential financial backers in recent weeks to raise cash for the deal. Sky News reported he was [...]
Business secretary Greg Clark orders competition watchdog to carry out review of audit sector September 29, 2018 Business secretary Greg Clark has ordered the competition watchdog to carry out a sweeping review of the UK's audit sector. In a year when the Big Four audit firms have been hit by numerous scandals, Clark has told Andrew Tyrie, head of the Competition and Markets Authority (CMA) to carry out the review into competition in [...]
Big-spending Everton still seeking lift-off in mission to challenge Big Six September 27, 2018 When Iranian billionaire Farhad Moshiri purchased a 49.9 per cent share in Everton two and a half years ago, his intention was to ensure the club challenge for Champions League football. Yet as Pierre-Emerick Aubameyang stroked home Arsenal's second goal at Emirates Stadium on Sunday and condemned the Blues to their second Premier League [...]