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Tag: Sports Direct International

From JD Sports to Games Workshop: best market performers of decade | Business

In the first part of the 2010s, when the billionaire Mike Ashley and his retail creation Sports Direct appeared to be knocking out every opponent that dared to pick a fight, the tycoon gave a memorably bullish performance in front of City analysts. At a presentation in July 2011, as the rival JJB Sports was …

From JD Sports to Games Workshop: best market performers of decade | BusinessRead More

Flotations, corporate collapses and Brexit: the year in business | Business

For business and finance, 2019 was a year of big-name corporate collapses, investigations into alleged scandals and the inevitable arguments about Brexit. Bankers and tycoons tried to get on with things by attempting huge flotations, large mergers and sizeable refinancings – with mixed results. Here is a review of the year in business. Floats Saudi …

Flotations, corporate collapses and Brexit: the year in business | BusinessRead More

Sports Direct profits rise as it cuts House of Fraser losses | Business

Sports Direct has said it expects to increase profits by up to 15% this year after reducing losses at House of Fraser. Mike Ashley’s retail empire forecasts profits of up to £390.3m for the year to April 2020 after underlying pretax profits increased 58% to £101.8m in the first half. Losses almost halved to £15.9m …

Sports Direct profits rise as it cuts House of Fraser losses | BusinessRead More

Revival of Edinburgh’s Jenners building may force store’s departure | Business

Edinburgh’s Jenners department store could quit the landmark position on Princes Street it has occupied for more than 180 years under plans to turn the site into a hotel, rooftop bar and restaurants. The Danish fashion billionaire Anders Holch Povlsen, who bought the building for a reported £50m in 2017, wants to restore and renovate …

Revival of Edinburgh’s Jenners building may force store’s departure | BusinessRead More

Sports Direct plans to rebrand itself as Frasers Group | UK news

Mike Ashley’s Sports Direct International, which has attracted criticism from politicians and investors over working conditions and its approach to business, has announced plans to rebrand itself as Frasers Group. The retail group, which has a market value of £1.8bn, said it was seeking to elevate its image beyond the sportswear through which the billionaire …

Sports Direct plans to rebrand itself as Frasers Group | UK newsRead More

Mike Ashley spent millions on private flights as profits fell 80% | UK news

Mike Ashley spent millions of pounds on flights by helicopter and private jet as his company’s annual profit fell 80%, the latest accounts show. The Sports Direct owner’s family also received more than £100,000 of hospitality at Newcastle United, Ashley’s football club. Ashley’s spending was revealed in the annual accounts for Mash Holdings, through which …

Mike Ashley spent millions on private flights as profits fell 80% | UK newsRead More

Labour won’t win economic credibility by attacking easy targets | Nils Pratley | Business

It’s the knockabout stage of the general election campaign, so there’s no real harm in the leader of the Labour party summoning a few business villains for the crowd to boo. But let’s hope the manifesto will offer a more nuanced analysis of business in the UK. If business, in all its variety, ends up …

Labour won’t win economic credibility by attacking easy targets | Nils Pratley | BusinessRead More

Mike Ashley tells MPs to investigate collapse of Debenhams | UK news

Mike Ashley has stepped up his campaign for an investigation into the collapse of Debenhams, claiming MPs are more interested in their own PR than rooting out corporate wrongdoing. In a two-page letter to the MP Rachel Reeves, seen by the Guardian, the Sports Direct chief executive wrote: “No one in parliament seems sufficiently interested …

Mike Ashley tells MPs to investigate collapse of Debenhams | UK newsRead More

Sports Direct appoints new auditor after split with Grant Thornton | Business

Sports Direct has appointed advisory group RSM as its auditor, more than a month after an acrimonious split with the accounting firm Grant Thornton. RSM is the UK’s seventh biggest audit firm and Sports Direct will be its biggest client. The advisory group has no other audit clients among the top 350 companies on the …

Sports Direct appoints new auditor after split with Grant Thornton | BusinessRead More

Sports Direct demands inquiry into Nike-Adidas dominance | Business

Sports Direct, led by leisurewear tycoon Mike Ashley, has called for a Europe-wide investigation into the dominance of Nike and Adidas in the sportswear market. The firm issued a statement in the light of reports that Nike has told independent retailers that it will stop supplying them within two years because their sales methods were …

Sports Direct demands inquiry into Nike-Adidas dominance | BusinessRead More