Latest World News
Mike Ashley’s Sports Direct business has bought Jack Wills for £12.75 million after the fashion chain went into administration on Monday. The high street retailer has taken over all of Jack Wills’ stock, the distribution centre and 100 stores plus employees across the UK and Republic of Ireland. Sports Direct admitted that it regretted trying…
Debenhams is at risk of falling into the hands of its lenders in a move that will clean out shareholders after the company and its financial backers reject a £150 million cash offer from Mike Ashley’s Sports Direct. A pre-pack administration deal is expected to be announced on Tuesday morning that would affect Debenhams’ holding…
Fashion retailers such as JD sports, Boohoo and Sports Direct are failing to reduce their environmental and social impact according to MPs. Fashion is a big business in the UK, people in the UK buy more clothes per person than any other country in Europe. The fashion industry was worth £33.3 billion in the UK economy…
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