Sports Direct International

Mike Ashley withdraws his surprise bid for Patisserie Valerie | Business – Business Article

Sports Direct has pulled out of the bidding for Patisserie Valerie, just two days after emerging as a surprise suitor for the stricken cake chain. Mike Ashley’s sportswear group walked away from talks on Sunday, ending the prospect that Patisserie Valerie could join House of Fraser, Evans Cycles and Sofa.com in the Sports Direct stable. The approach, made last Friday, was an unexpected twist in the battle to rescue Patisserie Valerie, which fell into administration in January after a £40m…

Read More

Mike Ashley makes surprise bid for Patisserie Valerie | Business – Business Article

The sportswear tycoon Mike Ashley has made a surprise bid to add collapsed cake chain Patisserie Valerie to his high-street empire. On Friday evening the Sports Direct boss confirmed in a brief statement to the stock exchange that the company had made an offer for the stricken cake group, which plunged into administration last month. Patisserie Valerie went into a death spiral after the discovery of a £40m black hole in its finances, which it blamed on “potentially fraudulent” accounting…

Read More

‘Flawed genius’ Mike Ashley adds Sofa.com to his empire | Business – Business Article

The Sports Direct founder, Mike Ashley, has added the online retailer Sofa.com to his rapidly expanding high street empire, which now encompasses sportswear, department stores and furniture. Ashley saw off competition from the stock market-listed furniture specialist ScS Group to win control of the sofa brand which is already sold through eight House of Fraser stores. Mike Ashley The billionaire, who owns 61.5% of Sports Direct, has been on a buying spree over the past year, snapping up struggling chains…

Read More

Mike Ashley sets sights on struggling furniture retailer Sofa.com | UK news – Business Article

Mike Ashley could be about to make the leap from sportswear to sofa retailing with yet another takeover deal, this time of the online furniture specialist Sofa.com. The Sports Direct founder has been on a buying spree over the past year, snapping up struggling retail chains including House of Fraser and the bike specialist Evans Cycles amid a high street crisis. He is also currently in the running to acquire the collapsed entertainment chain HMV. The tycoon’s latest target is…

Read More