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Sports Direct International Plc

Acquisitions help Sports Direct to H1 profit hike

16 December 2019 | Hannah Abdulla

Acquisitions have helped Sports Direct International Plc to a 58% jump in first-half profits to GBP101.8m (US$135.9m), with the company now upping its full-year profit guidance after an initial delay.... read more


Sports Direct International to rebrand as Frasers Group

26 November 2019 | Michelle Russell

UK-based retail business Sports Direct International, which bought the House of Fraser department store chain last year, is to rebrand as the Frasers Group Plc to reflect its changing focus as a lifestyle and luxury retailer.... read more


Sports Direct calls for sportswear industry probe

15 October 2019 | Michelle Russell

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.... read more


House of Fraser denies mass store closures claim

7 October 2019 | Hannah Abdulla

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


JD Sports to "fully cooperate" with competition watchdog on merger probe

1 October 2019 | Hannah Abdulla

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. ... read more


Sports Direct worries over JD Sports probe impact on major brands

24 September 2019 | Hannah Abdulla

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.... read more


Sports Direct acquires Jack Wills lifestyle brand

6 August 2019 | Hannah Abdulla

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.... read more


Sports Direct laments "terminal" problems at House of Fraser

29 July 2019 | Beth Wright

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.... read more


Sports Direct delays full-year financial results

15 July 2019 | Beth Wright

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.... read more


Debenhams rejects latest Sports Direct GBP150m equity offer

8 April 2019 | Beth Wright

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.... read more


Debenhams bondholders back GBP200m refinancing plan

28 March 2019 | Beth Wright

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.... read more


Sports Direct mulls GBP61.4m Debenhams takeover bid

27 March 2019 | Beth Wright

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.... read more


Findel urges shareholders to reject Sports Direct bid

27 March 2019 | Beth Wright

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.... read more


Debenhams to carefully consider Ashley's GBP150m loan offer

14 March 2019 | Beth Wright

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. ... read more


Mike Ashley launches Debenhams control bid

8 March 2019 | Beth Wright

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. ... read more


Debenhams rejects Mike Ashley GBP40m lifeline

14 December 2018 | Beth Wright

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.... read more


House of Fraser buy weighs on Sports Direct profits

13 December 2018 | Hannah Abdulla

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


House of Fraser to close all Intu stores

14 November 2018 | Beth Wright

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.... read more


More House of Fraser stores to close?

12 November 2018 | Beth Wright

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.... read more


Sports Direct denies Debenhams takeover reports

13 September 2018 | Michelle Russell

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.... read more


House of Fraser cancels online orders amid dispute

17 August 2018 | Michelle Russell

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


Sports Direct buys House of Fraser for GBP90m

10 August 2018 | Beth Wright

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.... read more


M&S tops UK high street index

3 August 2018 | Beth Wright

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


Sports Direct in Iconix cooperation agreement

1 August 2018 | Beth Wright

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.... read more


House of Fraser silent over "rescue talks"

31 July 2018 | Michelle Russell

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.... read more


Debenhams weighs on Sports Direct FY earnings

19 July 2018 | Michelle Russell

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.... read more


Sports Direct divests all interest in Finish Line

20 June 2018 | Beth Wright

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.... read more


Findel eyes greater ties with Sports Direct

6 March 2018 | Beth Wright

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.... read more


Sports Direct raises stake in Debenhams to over 29%

5 March 2018 | Beth Wright

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.... read more


Sports Direct shares tumble as H1 profit plummets 67.3% 

14 December 2017 | Beth Wright

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".... read more


Sports Direct eyes GBP1bn credit facility

22 November 2017 | Beth Wright

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.... read more


Sports Direct prepares to launch new retail chain

2 November 2017 | Michelle Russell

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.... read more


Finish Line shares soar on takeover talks

29 September 2017 | Michelle Russell

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


Sports Direct confirms Flannels takeover

6 September 2017 | Hannah Abdulla

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


Sports Direct raises stake in Debenhams to over 21%

22 August 2017 | Michelle Russell

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.... read more


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