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Category: Retail industry

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Sun and sport to boost UK beer and pizza sales this weekend

Eating and drinking frenzy expected due to events including cricket World Cup and Champions League finalSports fans drinking alcohol, ordering takeaways and firing up their barbecues are set to provide pubs, supermarkets and off-licences with a multimi…

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Come on, England! The nation (and economy) depend on you | Letters

Readers look forward to the England football team’s World Cup quarter final match against SwedenAs a patriotic UK citizen, Labour supporter and resident of a north Midlands town hollowed out by deindustrialisation, I agree with much of what Larry Ellio…

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Waistcoat sales up as Gareth Southgate sets trend at World Cup

England manager is said to have sparked an increase in sales of formal wear For years football fans have been able to emulate the look of their idols with replica shirts, but this World Cup something different is happening: supporters are rushing to bu…

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Amazon buys exclusive UK rights to US Open tennis tournament

Five-year deal, thought worth $40m, gives Prime subscribers in UK access to grand slam eventAmazon has struck a deal said to be worth $40m (£30m) for the exclusive UK TV rights to the US Open tennis tournament, as the US firm looks to add to its 100 mi…

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Topman withdraws T-shirt from sale after Hillsborough row

Retailer says shirt referenced Bob Marley but campaigners saw a different interpretationTopman has withdrawn from sale a long-sleeved T-shirt that provoked widespread disgust by appearing to mock the victims of the Hillsborough disaster.The £20 red shi…

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Mike Ashley wins high court battle over ‘£15m pub deal’

Investment banker Jeffrey Blue loses claim against Sports Direct and Newcastle United owner over deal allegedly made in pub

Newcastle United owner and Sports Direct boss Mike Ashley has won a high court battle over a £15m deal allegedly made in a London pub, calling time on a case that will be long remembered for days of evidence concerning excessive alcohol consumption.

The case revolved around investment banker Jeffrey Blue’s allegation that during a “night of heavy drinking” at the Horse and Groom pub near Sports Direct’s Oxford Street store in January 2013, Ashley agreed to pay him £15m if the company’s shares doubled to £8.

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Karren Brady to chair firm that owns Philip Green’s Arcadia group

West Ham United CEO takes over as head of Taveta after Anthony Grabiner stepped down with immediate effect

Karren Brady, the West Ham United chief executive and regular on The Apprentice, is to take over as chair of Sir Philip Green’s retail empire as Anthony Grabiner steps down.

Lord Grabiner, who has spent 15 years at the head of Taveta, is to step down with immediate effect. Taveta is the Green family firm, owned by Sir Philip Green’s Monaco-based wife Tina. It controls Arcadia , which in turn owns fashion chains including Topshop, Topman, Miss Selfridge and Dorothy Perkins and previously included BHS.

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Paralympians join top label in a bid to break fashion barrier

Athletes and designers aim to get range of clothing on high street and into everyday lifeAt a memorable London fashion show in 1998, Alexander McQueen sent double-amputee athlete Aimee Mullins down the catwalk wearing a pair of hand-carved wooden prost…

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Being Mike Ashley means never having to say ‘no comment’

The business select committee had to battle to get the Sports Direct boss to talk, then wondered if he was ever going to stop

Mike Ashley walked in surrounded by several anxious minders. Having failed in their efforts to keep the Sports Direct boss away from the clutches of the business select committee, they had opted for damage limitation instead. Stick to the plan, Mike. Say as little as possible.

“Is that a Newcastle United tie?” inquired the committee chairman, Iain Wright.

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Mike Ashley admits to problems at Sports Direct warehouse

Security procedures need overhauling at the sport retailer’s Derbyshire warehouse, acknowledges tycoon, whose chief executive has given up a £4m bonus

Mike Ashley, the founder and deputy chairman of Sports Direct, has admitted for the first time to problems with the security and search procedures at the retailer’s Derbyshire warehouse – as he said the group’s chief executive will forgo a £4m bonus in the wake of the scandal.

The move came as Ashley prepares to face a parliamentary select committee on Tuesday, which was triggered after a Guardian investigation revealed in December that the company’s compulsory, unpaid searches of warehouse workers meant they were effectively receiving less than the national minimum wage.

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Mike Ashley admits to problems at Sports Direct warehouse

Security procedures need overhauling at the sport retailer’s Derbyshire warehouse, acknowledges tycoon, whose chief executive has given up a £4m bonus

Mike Ashley, the founder and deputy chairman of Sports Direct, has admitted for the first time to problems with the security and search procedures at the retailer’s Derbyshire warehouse – as he said the group’s chief executive will forgo a £4m bonus in the wake of the scandal.

The move came as Ashley prepares to face a parliamentary select committee on Tuesday, which was triggered after a Guardian investigation revealed in December that the company’s compulsory, unpaid searches of warehouse workers meant they were effectively receiving less than the national minimum wage.

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Rangers launch legal action against Sports Direct and Mike Ashley

Civil case also lists former Rangers executives and directors associated with the billionaire retail boss

The increasingly bitter relationship between Sports Direct and Rangers FC took yet another dive on Monday as the football club launched legal proceedings against the retailer, its founder Mike Ashley and four of the club’s former executives.

The civil case lists Rangers’ former chief executives Charles Green and Derek Llambias, former director Imran Ahmad, and former finance director Brian Stockbridge as “defenders” alongside the sportswear chain and its billionaire boss.

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Mike Ashley will meet MPs on condition they visit Sports Direct

Sportswear tycoon says he will appear before committee investigating his business practices if they visit his firm first

MPs are to consider a letter by Sports Direct’s founder, Mike Ashley, in which says he will appear in front of a parliamentary committee investigating his business practices on the condition that the politicians visit his company’s headquarters first.

The billionaire’s move is a partial U-turn after he described MPs on the business, innovation and skills (BIS) select committee as “a joke” when they took the unusual step in March of issuing a summons for him to appear in front of them next month.

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Mike Ashley in running to acquire Austin Reed

Sports Direct boss, who is also circling BHS, is said to be among suitors for 116-year-old tailor now in administration

The sportswear tycoon Mike Ashley is reported to be in pole position to acquire the stricken tailoring brand Austin Reed.

The 116-year-old tailor went into administration at the end of last month, putting 1,184 jobs at risk. On Friday Austin Reed’s administrators, AlixPartners, were evaluating bids for the retailer, which industry experts expect to be broken up. Edinburgh Woollen Mill’s owner, Philip Day, is also thought to be among the interested parties.

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Mike Ashley says he is working on bid for BHS

Sports Direct founder’s possible move ‘anticipates no job losses and that all stores would remain open’

Mike Ashley, the billionaire founder of Sports Direct, has said he is working on a bid for BHS that would prevent job losses among its 11,000 staff and keep all branches open.

Related: Philip Green ‘should lose knighthood if integrity over BHS found wanting’

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Sports Direct deal with Rangers ‘signed despite clear conflict of interest’

Scottish football club’s chairman, Dave King, claims negotiators in controversial retail deal put personal interests first

Sports Direct’s controversial retail deal with Rangers – which has made the Old Firm club only about 4p from every £1 spent in its Ibrox store – was signed by club representatives with a “clear conflict of interest”, according to the chairman of the Scottish football team.

In a statement on the one-year anniversary of a boardroom coup that ousted directors connected to the Sports Direct founder and Rangers shareholder, Mike Ashley, the chairman, Dave King, took aim at the club’s joint venture partners and former creditors who attempted to have him jailed before Christmas.

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Rangers gives Sports Direct formal notice to end joint venture

Football club’s chairman, Dave King, writes to retailer a day after it dropped a high court challenge against Rangers, but contract has seven-year notice period

Rangers has moved to end its turbulent commercial relationship with Sports Direct after the football club saw off a legal challenge from the retail chain.

In a message to supporters, the Rangers chairman, Dave King, said he had written to Sports Direct formally giving notice to end the joint venture. The statement came a day after the retailer dropped a high court attempt to prevent the disclosure of details behind the tie-up.

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Judge attacks Mike Ashley for abusing legal system against Rangers boss

Mr Justice Peter Smith brands Sport Direct founder’s tactics ‘deplorable’ for using courts in bid ‘to intimidate’ Scottish club’s chairman Dave King

Mike Ashley, the founder of Sports Direct, has been abusing the legal system to “intimidate” Dave King, the chairman of Rangers football club, by using “deplorable tactics” to pursue a vendetta against his rival, a high court judge has said.

The comments are the latest setback for the billionaire, who on Wednesday was chastised by the same judge for abusing the courts in a separate strand of his legal battle with Rangers, who he accuses of breaching the terms of a confidentiality agreement.

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Judge criticises Sports Direct in Rangers legal case

Mr Justice Peter Smith says the sports retailer has been ‘abusing processes of the court’ after withdrawing claims for damages against the football club

Sports Direct, the embattled sportswear chain, has “abused” the legal system, according to the high court judge presiding over the retailer’s bitter legal battle with Rangers football club.

Mr Justice Peter Smith took the surprising step of registering his disapproval of the company’s approach after Sports Direct withdrew its claim for damages in the case –in which the company previously failed to have the football club’s chairman, Dave King, jailed over allegations he violated a gagging order.

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Newcastle United fans unfurl protest banner against Mike Ashley’s Sports Direct

Fans at Manchester United match unveil banner reading #SportsDirectShame in protest over working conditions and pay at retail chain

Newcastle United fans have launched one of their most public demonstrations so far against the club’s billionaire owner Mike Ashley, unveiling a banner at Tuesday night’s clash with Manchester United to protest about the way he runs his embattled retail chain, Sports Direct.

Fans along the Gallowgate stand unfurled the banner, reading #SportsDirectShame, near the end of the first half of the match.

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