Sports Direct International Plc

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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.


Finish Line shares soar on takeover talks Michelle Russell | 29 Sep 17

Shares in athletic footwear chain Finish Line have soared on news it is in sale talks with a Europe-based retailer.


Sports Direct confirms Flannels takeover Hannah Abdulla | 6 Sep 17

UK high street sportswear chain Sports Direct has confirmed it has taken complete ownership of luxury retailer Flannels.


Sports Direct raises stake in Debenhams to over 21% Michelle Russell | 22 Aug 17

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 appoints CFO as FY profits more than halve Michelle Russell | 20 Jul 17

Sports Direct International has appointed a new finance chief as the UK sportswear retailer revealed profits more than halved in its last financial year – its lowest for six years – on the back of sterling weakness.


Sports Direct ups stake in Debenhams to 19% Beth Wright | 29 Jun 17

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 boosts US portfolio with Bob's Stores and EMS Beth Wright | 15 Jun 17

SDI USA LLC, part of UK sportswear retailer Sports Direct International, has acquired US retail chains Bob's Stores and Eastern Mountain Sports (EMS).


Sports Direct continues to up stake in Debenhams Michelle Russell | 9 May 17

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.

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