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.
-
Mar- 2019 -26 MarchClothing & Shoes
Sports Direct considers cash offer for Debenhams
Sports Direct has revealed it is mulling over a cash offer for embattled department store Debenhams, despite the retailer rejecting its previous proposals. Sports Direct said Debenhams’ current restructuring and refinancing process was “likely to result in an adverse outcome” for its existing shareholders. The sportswear retailer has made several…
Read More » -
25 MarchDepartment Stores
Sports Direct slams Debenhams for rejecting £100m offer
Sports Direct has criticised Debenhams for rejecting its offer to acquire its Danish company Magasin Du Nord for £100m. On Friday (22 March), the struggling department store announced it had secured a £200m refinancing lifeline, shortly after Mike Ashley’s Sports Direct made the proposal which gave Debenhams the 12 month…
Read More » -
22 MarchDepartment Stores
Debenhams secures £200m lifeline
Embattled department store Debenhams has confirmed it has secured a £200m refinancing lifeline. The funding is expected to “provide liquidity headroom” for its future funding needs and “deliver stability for its customers, staff, suppliers and pension holders”. Earlier this month, the company said it was considering a £150m cash injection…
Read More » -
14 MarchNews
Sports Direct offers Debenhams £150m loan
Debenhams has confirmed it is considering an offer made by Sports Direct for a £150m unsecured 12 month loan. The news comes after the department store announced it was in discussions with its lenders to obtain the funding, a move which seemed to counter shareholder Mike Ashley’s attempt to appoint…
Read More » -
11 MarchDepartment Stores
Debenhams in talks to secure £150m lifeline
Embattled department store Debenhams has confirmed it is in “advanced negotiations” to secure £150m funding from its lenders just a week after it issued another profit warning. The company saw a drop in sales for the half year to 2 March, leading it to say the profit expectations it announced…
Read More » -
8 MarchDepartment Stores
Mike Ashley moves to take control of Debenhams
Mike Ashley has announced plans to remove all the directors at Debenhams, except Rachel Osborne who was appointed in September, and appoint himself to the board in an executive role. Ashley, who holds a 30% stake in the department store chain, pledged in a stock exchange announcement on Thursday evening…
Read More » -
6 MarchHigh Street
Findel rejects Sports Direct’s takeover bid
Findel’s board of directors has unanimously rejected Sports Direct’s £139m bid it has, saying the offer “significantly undervalues” the company. The news comes after the company agreed to buy shares in Findel worth £9.7m, taking its stake in the Accrington-based business from 29.9% to 36.8%. Under takeover rules any investor…
Read More » -
5 MarchM&A
Sports Direct offers £139m for Findel
Mike Ashley’s Sports Direct has announced it has made a £139m bid for home shopping company, Findel. In a statement to the London Stock Exchange this morning (5 March), Sports Direct said it intended to purchase the remaining shares in Findel for 161p per share, a 1p reduction on the…
Read More » -
Feb- 2019 -14 FebruaryHigh Street
Mike Ashley’s business profits tumble
Profits at the holding company that contains Mike Ashley’s business empire plummeted in 2017, attributed to the fall in value of the pound and the poor performance at Newcastle United. Accounts filed at Companies House for the financial year ending April 2017 revealed profits at Mash Holdings fell from £227.7m…
Read More » -
6 FebruaryDepartment Stores
Warehouse supplying HoF to shut affecting 280 jobs
A warehouse which supplies deliveries to House of Fraser is set to close later this year, affecting some 280 job roles. Trade union Usdaw announced that the Wellingborough, Northampton site, operated by XPO Logistics will shut on 10 April. The union said the closure ended months of “uncertainty for staff”…
Read More »
