Sports Direct
This coverage focuses on Sports Direct’s activities and position within the UK retail market, detailing store developments, acquisitions, financial results, leadership changes, and strategic initiatives. Reporting examines how the company shapes its sportswear and leisure offering, adapts to market trends, and competes in a dynamic retail environment — providing retail managers and executives with insights into its operations and growth strategies.
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Nov- 2019 -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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24 OctoberHigh Street
Sports Direct appoints RSM UK as new auditor
Sports Direct has announced the appointment of RSM UK Group as its new auditor with immediate effect. It ends a six-week hunt for a new auditor, after Grant Thornton announced it was stepping down from the position on 13 August 2019. At the time, the firm said “following a review…
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21 OctoberShopping Centres
Sports Direct acquires Brookfield Shopping Park for £25m
Sports Direct has acquired Brookfield Shopping Park, a 93,000 sq ft Shopping Park in Cheshunt, Hertfordshire for £25.4m. According to the retailer, the shopping park is set to receive “significant” investments, which will include a total modernisation of the exterior of the all store facias. Plans also include new leisure,…
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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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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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7 OctoberShopping Centres
Update: Sports Direct clarifies House Of Fraser store rumours
Sports Direct has moved to deny reports that it is looking to close the majority of its House of Fraser stores in the new year, claiming it has entered into new leases on the majority of House of Fraser stores. Previous coverage suggested that Sports Direct was either not paying…
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Sep- 2019 -24 SeptemberHigh Street
Sports Direct announces five more Jack Wills closures
Sports Direct has revealed the locations of a further five Jack Wills stores set to close, following its acquisition of the clothing retailer. Sports Direct has earmarked its Bluewater, Oxford, Newcastle, Winchester and London Gatwick airport as the next stores to shutter. The company, which closed eight Jack Wills stores…
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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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18 SeptemberHigh Street
Sports Direct to ‘ignore’ deadline in hunt for new auditor
Sports Direct is still searching for a new auditor, amid reports that it could be forced to consult the government for guidance. The retail brand’s auditor Grant Thornton officially resigned after nine years, at the company’s AGM last week (11 September) following a £605m tax bill from Belgian authorities. Shareholder…
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