Mike Ashley has won the race for lingerie brand Agent Provocateur, the troubled company having entered a pre-pack administration prior to being acquired by Ashley for around £31m. But the brand's founder is not happy.
Flash sales specialist MySale should have brought a smile to the face of Sir Philip Green on Wednesday. A day after he paid £363m into the BHS pension fund, Green's investment in the e-tailer appeared to be paying off.
Sports Direct reported a 57% slump in first-half profit, capping a calamitous period in which it has come under fire for the treatment of workers and was left badly exposed by a low value pound after the Brexit vote.
MPs said on Friday that Mike Ashley, founder and majority shareholder of Sports Direct, must be held accountable for what they called "appalling" working conditions and practices at the retailer's shops and warehouse.
Sports Direct, Britain's biggest sportswear retailer, warned on Friday annual profit could be up to 40 million pounds ($58 million) lower than guidance issued less than a month ago, hammering its shares.
Sports Direct, Britain's biggest sportswear retailer, said its employees would be paid above the national minimum wage from the start of the new year, after a review of its conditions for thousands of its workers.
Britain's biggest sportswear retailer, has responded to criticism of staff practices by launching a review of its agency workers' terms and conditions which will be overseen by founder and deputy chairman Mike Ashley.