Company
LON:SPD
Frasers Group plc, formerly Sports Direct International plc, is a British retailing group. Established in 1982 by Mike Ashley, the company is the United Kingdom's largest sports-goods retailer and operates roughly 670 stores worldwide.
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Celine UK NewCo 1 Ltd, which represents the consortium, said none of the bids received for the chain had been “at the level required to be taken forward”
Sports Direct was forced to make a buyout offer last month after its stake in Findel exceeded 30%.
The FCA has voiced concerns around the Mike Ashley-owned retail giant's disclosure of information regarding a possible bid for the department store chain prior to its collapse
The department store chain was bought out of administration last week by its lenders
With the launch of its Birmingham megastore, Primark is giving customers a shopping experience –a trend Liberum analyst Robert Waldschmidt thinks other retailers will follow to improve footfall
“Our understanding of the importance of our shareholders and our actions towards them are in complete contrast to the actions of the board of Debenhams, past and present," Sports Direct said
“We note the recent announcement from Debenhams PLC that whilst they have entered into administration the underlying operating companies continue to trade as normal with suppliers expected to be unaffected,” Quiz said
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The raft of macro-economic news from the US, the UK and ECB policy failed to cheer the FTSE 100 as the focus turned to the meeting in Brussels
Administrators have sold the group to a newly-incorporated company controlled by Debenhams' lenders, including hedge funds understood to include Silver Point Capital
Investments and investor services
The International Monetary Fund issued a warning, saying a "no-deal" Brexit would send the British economy into severe shock
Sports Direct had offered to underwrite a £150mln rights issue as long as Mike Ashley was appointed chief executive
“We are grateful for the support of our second largest shareholder in Schroders, and continue to recommend strongly that all other shareholders take no action in respect of the offer from Sports Direct,” Findel’s chairman Ian Burke said
Debenhams has warned it could be taken over by lenders, which would wipe out shareholders unless Sports Direct takes it over or provides the funding needed to continue trading
“By entering into the facilities there is provision for Sports Direct to participate in a comprehensive solution, and we will be contacting Sports Direct to outline once again the terms on which their constructive participation would be pos
Debenhams said a majority of holders of its 5.25% senior notes due 2021 had agreed to change the terms of their bonds
Following the rescue of House of Fraser from administration last summer, as well a proposed (and then swiftly withdrawn) offer for Patisserie Valerie in February, you could be forgiven for thinking that all Mike Ashley does is buy up firms
Goals Soccer warned the tax misdeclaration could lead to a “material change” in its overall financial position
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Some of the main news-driven risers and fallers in London on Wednesday…
Findel thinks Sports Direct's takeover bid is “opportunistic” and “significantly undervalues" the business and its future prospects
The billionaire said earlier this week that he was mulling a takeover bid for Debenhams and he has now set out how much he would pay and what the conditions of any deal would be
