|Bid||0.520 x 1210000|
|Ask||0.534 x 1210000|
|Day's range||0.524 - 0.524|
|52-week range||0.436 - 0.717|
|PE ratio (TTM)||6.16|
|Forward Dividend & Yield||0.04 (6.03%)|
|1y target est||N/A|
Sportswear billionaire Mike Ashley has closed almost half of Sports Direct International Plc’s concessions in the stores of struggling U.K. department store operator Debenhams Plc as he pursues a more ...
One of America's best-known fashion retailers is vying with investors from the UK and China to seal an £800m takeover of Jimmy Choo (LSE: CHOO.L - news) , the upmarket shoe designer. Sky News has learnt that Michael Kors (Swiss: KORS.SW - news) , the New York-listed chain, has indicated that it will table an indicative bid for Jimmy Choo, which was founded by the businesswoman and socialite Tamara Mellon, ahead of a deadline later this month. Hony Capital, the Chinese private equity firm which owns PizzaExpress, is also considered likely to make an offer, as is CVC Capital Partners, the former owner of Debenhams (Frankfurt: D2T.F - news) and Formula One motor racing.
Mike Ashley's Sports Direct empire has taken a 26% stake in Game Digital (Frankfurt: A11543 - news) , the troubled video games retailer has disclosed. The announcement confirms an exclusive report by Sky News on the latest deal by Mr Ashley, the billionaire tycoon and Newcastle United owner. It said: "Game is pleased that the strategic value of the group has been recognised by Sports Direct through this acquisition.
** Computer gaming group Game Digital up c15 pct after Sports Direct, the retailer controlled by billionaire Mike Ashley, buys a 25.75 pct stake ** Sports Direct owns stakes in retailers including Debenhams ...
Britain's Sports Direct, the retailer controlled by billionaire Mike Ashley, has bought a 25.75 percent stake in Game Digital, the computer gaming group said on Thursday. Ashley's Sports Direct owns stakes ...
The billionaire tycoon Mike Ashley has added a 25% stake in the video games retailer Game Digital (Frankfurt: A11543 - news) to a high street shopping list that also includes Debenhams (Frankfurt: D2T.F - news) and French Connection (LSE: FCCN.L - news) . Sky News has learnt that Sports Direct International (Other OTC: SDIPF - news) , the chain controlled by Mr Ashley, is understood to have bought the stake in recent days.
Australian DIY chain Bunnings says it will create over 1,000 new jobs in the UK after its parent firm bought the Homebase brand last year. It announced it was to double the number of Bunnings pilot outlets opening in the country this year from 10 to 20 - citing a "positive response" from customers of two new warehouse stores in Hertfordshire.
Nuclear winter is supposed to have descended on the high street. During every month this year apart from April, which was due to the late timing of Easter, fewer people have set foot on the high street or in shopping centres than in the same month last year. According to the British Retail Consortium, retail sales rose in May at their slowest pace since April 2013, with sales of non-food products actually falling.
Britain's FTSE inched lower on Tuesday, weighed down by losses among pharma stocks, while updates from Carpetright and Debenhams gave conflicting pictures of the health of British consumers as inflationary ...
Retailers Carpetright and Debenhams (Frankfurt: D2T.F - news) have become the latest to fall victim to the tough consumer environment as earnings and sales struggled. Carpetright (Other OTC: CGHXF - news) reported a 93% fall in pre-tax profits to £900,000 for the year to 29 April, largely because of a one-off charge related to its loss-making stores. Carpetright chief executive Wilf Walsh said the group faced "a challenging consumer environment and competitive landscape" but was confident it could grow market share.
British consumer confidence plunged during the political crisis sparked by Prime Minister Theresa May's election flop, hitting the sales of general retailers such as Debenhams just as shoppers' spending power is undermined by the pound's fall. Two major surveys showed confidence among British consumers and retailers had fallen back to levels last seen in the wake of the shock 2016 Brexit vote which thrust Britain's $2.5 trillion economy onto an uncertain path. Polling firm YouGov (LSE: YOU.L - news) said it expected economic growth to fall sharply over the coming months while the Confederation of British Industry said retailers were downbeat about July.
Hedge funds have significantly stepped up bets against Britain's traditional high street retailers, as the sector struggles with online competition, worries about a stretched consumer and weakening sales and profits. The risks were on full display on Tuesday when shares in Debenhams slid more than 3 percent to an eight-year low following a weak trading update and a warning on UK sales.
Debenhams (Frankfurt: D2T.F - news) , Britain's second-biggest department store, said trading had become more volatile in the second half of the year and warned its 2017 profit could slip towards the lower end of expectations if conditions did not improve. The retailer, in the middle of a turnaround programme led by new Chief Executive Sergio Bucher, reported a 0.9 percent fall in group like-for-like sales in the 15 weeks to June 17, its fiscal third quarter. It said it anticipated that 2017 profit before tax would be within the range of market expectations.
L'Oreal's hopes of obtaining a bumper price for The Body Shop, the British-based ethical cosmetics retailer, have been dented by projections for a slump in profits this year. Sky News understands that the French beauty products giant has informed bidders for The Body Shop that earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to plunge from €80m last year to €65m (£56m) in 2017. Two of the bidders are expected to be taken through to a final round of the auction, although one banker described hopes of an €800m price tag for The Body Shop as "unrealistic".
More than 270 jobs will be lost but 1,700 more salvaged in a multimillion pound rescue of the struggling owner of womenswear brands including Jacques Vert. In a statement on Saturday (Shenzhen: 002291.SZ - news) , administrators to Style Group Brands confirmed that more than 270 of its 1,900 employees will leave following a takeover by Calvetron Style Holdings, a new investment vehicle. The redundancies include almost 100 staff at Style Group Brands' head office in Shoreditch and warehouses in County Durham.
A consortium of retail investors is in talks to stitch together a rescue deal for a cluster of womenswear brands, including Jacques Vert and Windsmoor, backed by one of the fashion industry's most prominent figures. Sky News understands that a trio of businessmen, including Sandeep Vyas and Haseeb Aziz, are attempting to tie up an agreement to buy Style Group Brands through a pre-pack administration. A deal would preserve a significant chunk of the roughly 1900 jobs at the retail concessions operator, whose brands have a presence within department stores such as Debenhams (Frankfurt: D2T.F - news) and House of Fraser.
A Chinese healthcare company is weighing an audacious bid to gatecrash the £600m sale of the Body Shop, the British consumer products retailer. Sky News understands that Renhe Pharmacy Co has made a recent enquiry about participating in the auction of the Body Shop, which has been put up for sale by L'Oreal, the French cosmetics group. If it proceeds with a bid, Renhe would find itself competing against rival bidders including CVC Capital Partners, the former owner of Formula One motor racing, and Investindustrial, the Italian investor which owns a stake in Aston Martin.
The owner of women's fashion labels including Jacques Vert and Windsmoor is this week racing to secure new investors, amid fears that it could be forced into administration, putting more than 1,000 jobs at risk. Sky News has learnt that Style Group Brands, which is privately owned, is trying to find new backers in the coming days. Without new investment, industry insiders said there was "a very real risk" that administrators would be called in.
The John Lewis Partnership has booked a £36m hit as it investigates the scale of a blunder in its pay practices that could mean thousands of staff are eligible for payouts. John Lewis, which includes Waitrose, admitted it now believes that work - over the past six years - breached national minimum wage rules and it was in discussions with HM Revenue and Customs to resolve the issue and ensure future compliance with all minimum pay legislation. John Lewis said of the pay averaging: "This arrangement was implemented to support partners with a steady and reliable monthly income, but we now believe this arrangement may not meet the strict timing requirements for calculating compliance with the national minimum wage regulations.
Discount sports retailer Sports Direct raised its bet on the stock of struggling department store Debenhams. Filings on Monday show that Sports Direct now has an indirect 17.08% stake in the retailer through financial instruments. As Business Insider pointed out back in March, Sports Direct's interest in Debenhams is not a straight forward one.
A cyber attack has compromised the personal data of up to 26,000 Debenhams (Frankfurt: D2T.F - news) customers. The breach, which is understood to have been malware-based, targeted the online portal for the retailer's florist arm, Debenhams Flowers. Debenhams has stressed that the site is operated by Ecomnova, a third-party supplier, and that customers of other services have not been affected.