
The fate of Debenhams and the 12,000 jobs of its staff are likely to be decided this week as potential new owners have been given a three-day deadline to make a bid.
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The fate of Debenhams and the 12,000 jobs of its staff are likely to be decided this week as potential new owners have been given a three-day deadline to make a bid.
A major shareholder advisory group has recommended Frasers Group investors to vote against Mike Ashley’s reelection at the annual general meeting this Wednesday over criticism of the company’s corporate governance.
The fate of department store chain Debenhams and the 14,000 jobs at the company hang in the balance as a deadline for bids came and went on Tuesday with no resolution.
Frasers Group has announced the acquisition of certain of the assets of Dave Whelan Sports Limited from the administrators of DW for an initial cash consideration of £37 million.
Frasers’ execs may have been talking about potential store closures in recent periods, but the firm is also planning openings and has announced its first regional store since the pandemic began at Leicester's Fosse Park.
An undercover report has brought working conditions at Sports Direct’s Shirebrook warehouse back into the spotlight.
Frasers Group has said it will review the viability of a number of stores in its portfolio after slamming the Government’s decision to delay the next business rates valuation until 2023.
Mike Ashley’s Frasers Group, formerly Sports Direct, said it would reassess the viability of some of its stores following a British government decision to delay the next business rates valuation until 2023.
Canada-based Elmau & Associates said Jeffrey M Clair has joined it as Executive VP of Sales, North America. He “will be responsible for accelerating the growth of licensed branded clothing lines for the Kangol brand”.
Frasers Group has reportedly thrown down the gauntlet to its landlords and said that it won't pay its rent bills until it’s “fully able to freely trade as a business” again.