If Sports Direct boss Mike Ashley wants to buy Debenhams, one major shareholder in the department store chain has said that he shouldn't expect to get it on the cheap and that he believes its turnaround could work.
The losses made by many brands due to House of Fraser’s failure and uncertain future could make some labels think twice about continuing to supply the retailer, a member of Mulberry’s founding family has said.
Glass Lewis & Co has recommended that shareholders in UK sportswear retailer Sports Direct vote against some directors, including Chief Executive Mike Ashley and Chairman Keith Hellawell, at the company's annual meeting.
House of Fraser's London flagship is no longer set for closure, new owner Sports Direct said Tuesday, with the store that had been a surprise casualty on the retailer’s closure list to be "fully operational".
British retail sales grew faster than expected last month, after hot weather and the World Cup continued to boost food sales and shoppers took advantage of extended discounts on clothing and online sales.
The purchase by Sports Direct of department store group House of Fraser drew a cautious response from analysts on Monday, with some saying the deal could backfire on Mike Ashley, the sportswear retailer's founder.
Britain's economy picked up some speed in the second quarter after a sharp winter slowdown in early 2018 but lost momentum in June, underlining its stuttering performance ahead of Brexit in less than eight months' time.