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Sports Direct changes name to Frasers

Sports Direct has forecast core earnings growth of as much as 15% this financial year helped by a nascent turnaround at department store House of Fraser.

Business • 16 Dec 19

Analysts said Sports Direct has been irked by the major brands favouring JD Sports with their best ranges

JD Sports probe 'could have impact for major brands'

Sports Direct has said that a competition investigation into rival JD Sports Fashion's takeover of Footasylum could have implications for the sector's major players, particularly their relationships with "must-have" brands.

Business • 20 Sep 19

Debenhams has been hit by a sharp slowdown in sales, high rents and ballooning debt as well as a power struggle

Debenhams says rescue plan on track after court backing

British department store group Debenhams said today that its company voluntary arrangement (CVA) will go ahead as planned after a court rejected challenges to the rescue plan.

Business • 19 Sep 19

Sports Direct's Ashley re-elected to board

Mike Ashley, the founder and chief executive of Sports Direct International, was re-elected to the sporting goods retailer's board today, though nearly a quarter of independent shareholders voted against him.

News • 11 Sep 19

Sports Direct test investors patience with more delays

Sports Direct, the British sporting goods retailer controlled by Mike Ashley, tested investors patience today, issuing three statements saying it was still finalising its already delayed full-year results.

Business • 26 Jul 19

Sports Direct said that increased scrutiny of its accounts could affect its guidance

Sports Direct delays results, guidance may be affected

Sports Direct has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December.

Business • 15 Jul 19

Karen Byers has been described as Mike Ashley as the person who 'runs Sports Direct'

Sports Direct's retail boss to leave after 28 years

One of Mike Ashley's chief lieutenants has quit Sports Direct after 28 years working for the retail tycoon.

Business • 02 Jul 19

Debenhams is restructuring the chain using so-called company voluntary arrangements (CVAs)

Debenhams gets Sports Direct challenge to restructuring

Retailer Debenhams has received a challenge from former shareholder Sports Direct over a restructuring plan that wiped out investors but kept the company operating.

Business • 11 Jun 19

Sports Direct said the proceeds of today's deal would be used for group operations and to boost its working capital

Sports Direct confirms £120m HQ sale and leaseback deal

Sports Direct, the sportswear retailer owned by billionaire Mike Ashley, has confirmed the sale of the freehold to its Shirebrook logistics centre to Kwasa Logix Sportivo for just over £120m in cash.

Business • 28 May 19

Debenhams latest UK retailer to enter the administration process

UK retailer Debenhams falls into administration

Debenhams' lenders took control of the ailing retailer today after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on the UK high street.

Business • 09 Apr 19

Mike Ashley's Sports Direct has called on two Debenhams board members to take a lie detector test

Ashley ups pressure on Debenhams ahead of deadline

Sports Direct boss Mike Ashley is battling to take control of Debenhams, just hours before it is due to fall into the hands of lenders, offering to underwrite a rescue plan while picking another fight with its board.

Business • 08 Apr 19

Sports Direct has a near 30% stake in Debenhams

Some Debenhams investors back making Ashley boss

Sports Direct, the sportswear group that is seeking control of Debenhams, said it has been contacted by other shareholders in the department store group expressing their support to install Mike Ashley as Debenhams CEO.

Business • 01 Apr 19

Despite new funding, Debenhams said shareholders still faced being wiped out unless major investor Sports Direct gave its support

Debenhams says it needs Sports Direct support

Debenhams, the ailing British department store group, has secured £200m in new funds, but said shareholders still faced being wiped out unless major investor Sports Direct gave its support.

Business • 29 Mar 19

The terms of the possible offer for Debenhams would be 5 pence a share in cash, Sports Direct said

Sports Direct proposes £61.4m offer for Debenhams

Sports Direct, the UK sportswear firm controlled by Mike Ashley, is considering an offer for Debenhams that values the ailing department store group at £61.4m.

Business • 27 Mar 19

Sports Direct's Mike Ashley has hit out at a 'lack of engagement' and the 'limited access to information' provided to him by Debenhams

Ashley says Debenhams proposals better than insolvency

Mike Ashley's Sports Direct has hit out at Debenhams for rejecting his latest attempt to wrest control of the struggling retailer.

Business • 25 Mar 19

Debenhams shares were down as much as 59% in London trade today

Debenhams warns restructuring may wipe out shareholders

Struggling British department store group Debenhams said today its shareholders could be wiped out as a result of some of the restructuring options it is considering.

Business • 22 Mar 19

Mike Ashley's Sports Direct today called for Debenhams to hold a general meeting

Mike Ashley steps up bid for control of Debenhams

Billionaire Mike Ashley ramped up his campaign to take charge of Debenhams, again urging the ailing department store chain to appoint him to the board and replace most of the directors.

Business • 21 Mar 19

The one year loan from Sports Direct is subject to conditions, including installing its boss Mike Ashley as Debenhams' CEO

Debenhams will consider Sports Direct loan offer

Debenhams will consider a £150m loan offer from dissident shareholder Sports Direct, it said today.

Business • 14 Mar 19

Debenhams is in advanced talks with its lenders for additional loans of about £150m

Debenhams in talks with lenders for £150m loan

Debenhams said today it was in advanced talks with its lenders for additional loans of about £150m.

Business • 11 Mar 19

Sports Direct CEO Mike Ashley plans to leave his current role and the retailer's board to focus on running Debenhams

Ashley set to drop Sports Direct roles to run Debenhams

Mike Ashley, one of Britain's most famous and unorthodox businessmen, has launched a coup to take charge of ailing department store chain Debenhams.

Business • 08 Mar 19

Sports Direct had made a 'serious and substantial offer' in excess of £15m for Valerie Patisserie

Sports Direct drops Patisserie Valerie offer - source

British retail tycoon Mike Ashley's Sports Direct has withdrawn its offer to buy scandal-hit British cafe chain owner Patisserie Holdings, a source told Reuters today.

Business • 11 Feb 19

Canda's Sunrise Records will buy 100 HMV stores, but 27 unprofitable shops will close

HMV saved by Canada's Sunrise Records

HMV has been acquired out of administration by Canadian retailer Sunrise Records, safeguarding the future of nearly 1,500 staff in the UK.

Business • 05 Feb 19

Angry investors have forced Debenhams CEO Bucher off the board yesterday, and the chairman out of the company

Debenhams chairman forced out, CEO removed from board

Angry investors forced Debenhams chief executive Sergio Bucher off the board yesterday, and the chairman out of the company.

Business • 11 Jan 19

Sports Direct said it will close four more House of Fraser department stores after Christmas

Sports Direct to close four more House of Fraser stores

Sports Direct plans to close four more House of Fraser department stores after Christmas, having failed to agree terms with landlord Intu Properties, the sportswear retailer said today.

Business • 14 Nov 18

Sports Direct CEO and founder Mike Ashley warns that future engagement with shareholders will be 'extremely challenging'

Sports Direct CEO 'stabbed in back' by shareholders

Mike Ashley, the founder and majority owner of British retailer Sports Direct, said today he had been "stabbed in the back" by other shareholders over their lack of support.

Business • 14 Sep 18