The Direct approach: why ailing UK retailers are turning to Mike Ashley

The clothing tycoon is one of the few players still willing to invest in the high street as Britain’s shoppers desert itMike Ashley, the high street’s most voracious corporate shopper, underlined his power over British retail last week when he was allo…

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Sports Direct deal saves four House of Fraser stores

Agreement with shopping centre firm giant saves 1,000 jobs across four stores, sportswear chain saysFour House of Fraser stores have been saved after Sports Direct struck a deal with the shopping centre giant Intu.The department stores in the Norwich, …

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Sports Direct deal saves four House of Fraser stores

Agreement with shopping centre firm giant saves 1,000 jobs across four stores, sportswear chain saysFour House of Fraser stores have been saved after Sports Direct struck a deal with the shopping centre giant Intu.The department stores in the Norwich, …

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Debenhams rating cut raises fears of creditors going unpaid

Moody’s downgrade adds to department store chain’s debt refinancing worriesThe credit agency Moody’s has said Debenhams will struggle to refinance its debts without raising new funds from shareholders as it warned creditors of a higher risk they would …

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