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.
Could Agent Provacateur become part of billionaire entrepreneur Mike Ashley’s empire? A UK report Monday said the Sports Direct founder has entered the race to acquire the struggling lingerie brand currently owned by 3i.
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.
Already hamstrung by the battle to compete with online rivals, Britain's major clothing retailers now risk a hit to sales and profits from the higher costs and plummeting consumer confidence that have followed the vot...