Sports Direct International Plc

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Sports Direct calls for sportswear industry probe Michelle Russell | 15 Oct 19

UK-based retail business Sports Direct has called for a UK and Europe-wide probe into the sportswear industry amid complaints about the dominance of global players Adidas and Nike.


House of Fraser denies mass store closures claim Hannah Abdulla | 7 Oct 19

Sports Direct has slammed press speculation that it is to shut down most House of Fraser stores after Christmas as "totally incorrect."


JD Sports to "fully cooperate" with competition watchdog on merger probe Hannah Abdulla | 1 Oct 19

JD Sports says it will continue to "co-operate fully" with the competition watchdog's probe into its acquisition of rival Footasylum, which the Competition and Markets Authority (CMA) says could result in a worse deal for customers, both in-store and online. 


Sports Direct worries over JD Sports probe impact on major brands Hannah Abdulla | 24 Sep 19

Sports Direct has criticised the competition watchdog's probe into the proposed takeover of JD Sports by rival Footasylum, saying it could have implications for the sector's major players, particularly their relationships with "must-have" brands.


Sports Direct acquires Jack Wills lifestyle brand Hannah Abdulla | 6 Aug 19

Acquisitive retail group Sports Direct International has acquired Jack Wills in a GBP12.75m (US$15.5m) rescue bid after the ailing lifestyle brand fell into administration on Monday.


Sports Direct laments "terminal" problems at House of Fraser Beth Wright | 29 Jul 19

UK sportswear retailer Sports Direct says it might have made a "different decision" regarding its acquisition of House of Fraser last year, had it had the gift of hindsight.


Sports Direct delays full-year financial results Beth Wright | 15 Jul 19

UK sportswear retailer Sports Direct is to delay the publication of its full-year financial results due, to the complexities of integrating the House of Fraser business and its uncertain trading performance.


Debenhams rejects latest Sports Direct GBP150m equity offer Beth Wright | 8 Apr 19

The latest development in the ongoing saga between Sports Direct and Debenhams has seen the department store chain reject an offer from the Mike Ashley-owned company to underwrite a GBP150m (US$195.8m) rights issue for Debenhams as the retail tycoon fights to try to take control of the struggling retailer.


Debenhams bondholders back GBP200m refinancing plan Beth Wright | 28 Mar 19

Embattled UK department store retailer Debenhams has received the green light to proceed with its proposed GBP200m (US$263m) refinancing plan – a move that is likely to wipe out Sports Direct's near 30% equity stake along with those of all other shareholders.


Sports Direct mulls GBP61.4m Debenhams takeover bid Beth Wright | 27 Mar 19

Shares in Debenhams remained up by more than 54% this afternoon (27 March) after Mike Ashley-owned Sports Direct International Plc said it is considering a "possible" offer of GBP61.4m (US$81.1m) to take full control of the struggling British department store chain.


Findel urges shareholders to reject Sports Direct bid Beth Wright | 27 Mar 19

Online value retail and education business Findel says a takeover bid from UK sportswear retailer Sports Direct is "highly opportunistic and significantly undervalues" the company.


Debenhams to carefully consider Ashley's GBP150m loan offer Beth Wright | 14 Mar 19

Struggling British department store chain, Debenhams, says it will give "careful consideration" to the offer of a GBP150m (US$198.7m) loan from its largest shareholder, Sports Direct boss and retail tycoon boss Mike Ashley. 


Mike Ashley launches Debenhams control bid Beth Wright | 8 Mar 19

Sports Direct boss and retail tycoon Mike Ashley has launched a coup at Debenhams that would see him appointed as an executive of the struggling British department store chain and oust the vast majority of its current directors. 


Debenhams rejects Mike Ashley GBP40m lifeline Beth Wright | 14 Dec 18

Sports Direct boss and retail tycoon Mike Ashley has penned a strongly-worded letter to Debenhams chief executive Sergio Bucher after the struggling British department store chain turned down his offer of a GBP40m (US$m) interest-free loan.


House of Fraser buy weighs on Sports Direct profits Hannah Abdulla | 13 Dec 18

Sports Direct International's plan to rescue House of Fraser appears to have weighed heavily on the group's first-half profits.


House of Fraser to close all Intu stores Beth Wright | 14 Nov 18

UK department store retailer House of Fraser (HoF) has confirmed it is to shutter a further four stores, all of which are located in Intu shopping centres.


More House of Fraser stores to close? Beth Wright | 12 Nov 18

UK department store retailer House of Fraser could be preparing for another tranche of store closures after landlords refused to agree to new boss Mike Ashley's proposed terms.


Sports Direct denies Debenhams takeover reports Michelle Russell | 13 Sep 18

House of Fraser's new owner Sports Direct has been forced to issue a statement denying reports it intends to make a takeover offer for struggling British department store group Debenhams.


House of Fraser cancels online orders amid dispute Michelle Russell | 17 Aug 18

UK department store retailer House of Fraser is cancelling all online orders and refunding customers following a reported dispute with its warehouse operator.


Sports Direct buys House of Fraser for GBP90m Beth Wright | 10 Aug 18

UK department store retailer House of Fraser has been bought by Mike Ashley's Sports Direct group in a GBP90m (US$115m) deal announced just hours after the chain went into administration.


M&S tops UK high street index Beth Wright | 3 Aug 18

Marks & Spencer has topped a new UK high street fashion ranking for brand health, which assesses consumer satisfaction, impression, and brand reputation.


Sports Direct in Iconix cooperation agreement Beth Wright | 1 Aug 18

Iconix Brand Group has entered into a cooperation agreement with Sports Direct International in a deal that grants the UK high street sportswear chain the right to appoint two members of the company's board of directors.


House of Fraser silent over "rescue talks" Michelle Russell | 31 Jul 18

Struggling UK department store retailer House of Fraser has declined to comment on reports it is in talks with Sports Direct owner Mike Ashley over a GBP50m (US$65.8m) rescue deal.


Debenhams weighs on Sports Direct FY earnings Michelle Russell | 19 Jul 18

Sports Direct saw earnings slump by nearly three-quarters in its last fiscal year as the UK high street sportswear chain took a hit on the value of its stake in Debenhams.


Sports Direct divests all interest in Finish Line Beth Wright | 20 Jun 18

UK high street sportswear chain Sports Direct has divested all interest in US-based athleticwear chain Finish Line – and says it has an 8.6% stake in Iconix Brand Group.


Findel eyes greater ties with Sports Direct Beth Wright | 6 Mar 18

Online value retail and education business Findel is exploring the possibility of further developing the commercial supply arrangements between its largest subsidiary – Express Gifts – and UK sportswear retailer Sports Direct International.


Sports Direct raises stake in Debenhams to over 29% Beth Wright | 5 Mar 18

UK sportswear retailer Sports Direct International has once again increased its stake in British department store group Debenhams in the latest of a series made since 2014.


Sports Direct shares tumble as H1 profit plummets 67.3%  Beth Wright | 14 Dec 17

Shares in Sports Direct International were down 9.6% this morning (14 December) as profit more than halved in the UK sportswear retailer's first six months of the year, despite what chief executive Mike Ashley said was a "spectacular trading performance".


Sports Direct eyes GBP1bn credit facility Beth Wright | 22 Nov 17

UK high street sportswear chain Sports Direct says it is likely to seek a deal to extend its revolving credit facility (RCF) to GBP1bn (US$1.3bn) after entering into a deal to borrow up to GBP907.5m.


Sports Direct prepares to launch new retail chain Michelle Russell | 2 Nov 17

UK high street sportswear chain Sports Direct, owned by business tycoon Mike Ashley, is developing a new retail chain selling a range of products from fashion and homeware to DIY and electrics.

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