News That Matters

Tag: Mike

Mike Ashley: I want to be one of the big fish

Mike Ashley: I want to be one of the big fish

Business
Media playback is unsupported on your device Mike Ashley has defended Sports Direct's strategy and said he still has faith in High Street retail."It's going to be a lot smaller pond, but the fish are going to be enormous. I want to be one of those enormous fish," he told the BBC.His comments came after a difficult annual general meeting (AGM), where shareholders criticised his strategy.The businessman admitted he had bitten off more than he could chew with the firm's slew of recent purchases. Sports Direct has admitted that last year's £90m acquisition of House of Fraser was a mistake, describing problems at the department store chain as "nothing short of terminal".But investors have also questioned Mr Ashley's readiness to buy up a range of o
Mike Ashley continues shopping spree with Links of London bid

Mike Ashley continues shopping spree with Links of London bid

Business
By Mark Kleinman, City editor The high street tycoon Mike Ashley is continuing his unprecedented acquisition spree by tabling a bid to acquire Links of London, the struggling jewellery chain.Sky News has learnt that Sports Direct International, in which Mr Ashley is the majority shareholder, is one of two final bidders attempting to buy Links from its stricken Greek owner. Sports Direct's presence in the auction has emerged just days before the company holds an annual meeting that is set to see a big protest vote from institutional investors against Mr Ashley's leadership of the company. Image: Links of London was founded in 1990 and is currently owned by the Folli Follie Group. Pic: LoL ...
VAR will not re-referee Premier League – referees’ chief Mike Riley

VAR will not re-referee Premier League – referees’ chief Mike Riley

Sports
The Premier League will not be re-refereeing the game by VAR and will set a high bar for decisions, says referees' chief Mike Riley.Video assistant referees will be used in the Premier League from the start of the new season, after clubs agreed to their introduction.Riley and his team of referees have spent the past two years preparing and training all the match officials, including live trial matches, and have been encouraged by the progress they have made. However, he stressed that VAR is still a work in progress. "It will take us two or three years to get this right," said Riley, who is general manager of the Professional Game Match Officials Limited.He said there had been a "reaction" to ...
Mike Ashley’s Sports Direct challenges Debenhams turnaround

Mike Ashley’s Sports Direct challenges Debenhams turnaround

Business
Mike Ashley's Sports Direct has launched a last-minute legal challenge to Debenhams' restructuring plans.Debenhams rejected two last-ditch takeover offers from Sports Direct before the keys to its shops were handed over to its lenders.Now Sports Direct has turned to the courts in a bid to overturn a company voluntary arrangement (CVA) that would see Debenhams closing 50 stores.Debenhams has called the challenge "spurious".A CVA is an insolvency process that allows a business to reach an agreement with its creditors to pay off all or part of its debts.Sports Direct mounted its complaint on Monday night, just hours before a standard 28-day window to appeal against the CVAs expired.It followed a decision by Debenhams' creditors on 9 May to try to improve the...
Megan McKenna mourns lost love in heartfelt track – weeks after Mike Thalassitis’ death

Megan McKenna mourns lost love in heartfelt track – weeks after Mike Thalassitis’ death

Entertainment
The TOWIE star has been focusing on her music in recent months, seeing her pout her heart out in her new tracks.Although the pair had split months before, Megan revealed she was still coming to terms with his death, and headed to Nashville for some time away.During her trip, Megan focused on her music, and admitted recently on Loose Women that songwriting had been her therapy.As she shared the first snippet of her new track on Instagram, Megan sang heartfelt lyrics as it appeared to link to Mike’s death.Posting the clip to her 2.3m Instagram followers, she said: "Here it is, the first time I performed Everything But You at the iconic Bluebird cafe."This track is from my album Story Of Me," as she urged fans to go to her bio if they’re interested in tickets.Singing the song in the video, Me