Mike Ashley
This coverage examines Mike Ashley’s activities and influence within the UK retail sector, including his leadership roles, acquisitions, strategic decisions, and impact on companies such as Sports Direct and Frasers Group. Reporting provides retail managers and executives with insights into his business approach and its implications for the wider industry.
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Dec- 2019 -12 DecemberOnline & Digital
Homebase rated ‘worst’ online retailer in the UK for 2019
Homebase has been rated the worst online retailer in the UK for 2019, according to the latest Which? Annual Online Shops Survey. Shoppers complained about the retailer ignoring complaints and selling products that were actually out of stock. Which? asked more than 7,500 members to rate the most popular online…
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6 DecemberHigh Street
Sports Direct seeking Lillywhites London lease sale
Sports Direct has reportedly put the lease for its Lillywhites store in Piccadilly Circus up for sale. According to The Guardian, the 97-year lease for the 67,000 sq ft building has been put on the market, as landlord Criterion Capital, conducts rent review talks. Lillywhites has been trading at the…
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Nov- 2019 -26 November
Sports Direct International set to rebrand as Frasers Group
Sports Direct International is set to change its name to Frasers Group, the parent company of Sports Direct has revealed. The name change forms part of a new “multi-channel elevation strategy” that aims to provide “unrivalled multi-brand offering to customers across sport, lifestyle and fashion”. News of the rebrand comes…
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18 NovemberHigh Street
Mike Ashley to seek turnover rents across Sports Direct Portfolio
Sports Direct owner Mike Ashley is reportedly seeking rent agreements with landlords that will see them linked to store performance. According to the The Sunday Times, Ashley has asked landlords to turnover rent agreements that will see up to 15% of the rent paid linked to store sales. It is…
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1 NovemberHigh Street
Mike Ashley’s holding company sees profits plunge 80% in 2018
Mike Ashley’s holding company, Mash Holdings, saw pre-tax profits plunge by 80% to £20.9m in 2018, according to recently filed accounts on Companies House. The group attributed the profits decline to its performance during the 2017 financial year, when the company saw increased profits from the sales of Dunlop and…
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Oct- 2019 -30 OctoberClothing & Shoes
Sports Direct: CMA published ‘inaccurate’ market data in Footasylum probe
Sports Direct has claimed the Competition and Markets Authority (CMA) has published “inaccurate estimates” of its market share data during its investigation into of competitors JD Sports’ £90m takeover of Footasylum. In a statement published on the London Stock Exchange, Sports Direct said it had noted that during the CMA’s…
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15 OctoberClothing & Shoes
Sports Direct demands Adidas and Nike dominance probe
Sports Direct has called for an investigation into the sportswear industry, over concerns of the dominance of Adidas and Nike. The sportswear brand owned by Mike Ashley said the “must have” brands hold a bargaining position which allows them to “control the price of their products and the price of…
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10 OctoberDepartment Stores
Debenhams secures £50m cash injection from creditors
Debenhams has revealed it has secured a £50m loan facility with some of its existing lenders to help it through the busy festive period. Following the successful consent solicitation concluded on 6 September 2019, the department store chain said the new cash injection will provide the group with an additional…
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9 OctoberHigh Street
Links of London enters administration placing 350 jobs at risk
British jewellery brand Links of London has entered administration, placing around 350 jobs at risk. Matt Smith and Dan Smith, restructuring partners at Deloitte, have been appointed as joint administrators to the company. The brand is owned by the Greek Folli Follie Group, with headquarters in London, and sells luxury…
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Sep- 2019 -20 SeptemberHigh Street
High Court rejects legal challenge against Debenhams CVA
The High Court has rejected the legal challenge against Debenhams proposed CVA, which was funded by Mike Ashley’s Sports Direct. The challenge was made by the Combined Property Control Group (CPC) – the landlord of six Debenhams stores in England as it argued the CVA was “designed to create a…
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