Finance

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Debenhams

Sports Direct threatens legal action over Debenhams administration

Sports Direct has threatened legal action against the administrators of Debenhams after the department store fell into the hands of lenders. The company,

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Ted Baker

Ted Baker enters joint venture to expand in China

British men’s and women’s lifestyle brand Ted Baker has agreed a joint venture (JV) with Shanghai LongShang Trading Company Ltd. to expand the

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ASOS

ASOS profits tumble by 87% due to costs and tough market

ASOS has seen half-year profits tumble as the online retailer blamed expansion costs and heavy discounting for hitting its performance. The group saw

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High street

Record numbers of empty stores on high street as retail crisis...

Record numbers of shops are being left empty as waves of closures and slower rates of new openings hit the high street, new

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Debenhams

Mike Ashley slams Debenhams administration as “national scandal”

Mike Ashley has called the administration of Debenhams a “national scandal” and called for the process to be reversed after the retailer’s lenders

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Debenhams

Debenhams falls into the hands of its lenders

Lenders have seized control of Debenhams after the company was placed into administration. The move wipes out the stake held by Sports Direct tycoon

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Debenhams

Mike Ashley weighs in with desperate rescue offer for Debenhams

Mike Ashley’s Sports Direct has made a revised £200m rescue offer for Debenhams, delaying the department store’s likely administration. The offer involves underwriting

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Debenhams

Mike Ashley accuses Debenhams of “falsehoods” after tabling rescue bid

Sports Direct tycoon Mike Ashley has torn into Debenhams executives, accusing the board “falsehoods and denials” after tabling a £150m rescue offer. The

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ASOS

Analysts anticipate slump in interim profits at ASOS

Analysts are anticipating a slump in interim profits ASOS after the e-commerce giant warned it was clamping down on serial returners. The London-based

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Ann Summers

Ann Summers seeks rent reductions after it records a loss

Ann Summers is the latest high street retailer to be seeking rent reductions on its store estate after recording a £3.2m operating loss.

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Pretty Green

Almost 100 jobs lost as JD Sports snaps up Liam Gallagher’s...

Liam Gallagher’s clothing brand Pretty Green has been acquired by JD Sports, but most of its stores will close resulting in almost 100

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Mothercare

Mothercare sales slump as markets remain “challenging”

Retailer Mothercare has revealed UK sales tumbled 8.8% in its fourth quarter and warned that trading conditions are set to remain “challenging”. The

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