Mike Ashley’s plans to shut half of Evans Cycles’ stores, leading to hundreds of job losses, came despite PwC's advice.
Sports Direct tycoon Mike Ashley has taken a £124 million hit to his wealth.
More than 100 jobs are in jeopardy as Fishing Republic desperately seeks emergency funding to continue trading.
Halfords has said it continues to expect broadly flat full year profits after it dropped by almost a 5th in its half-year update.
Mike Ashley’s spate of acquisitions of financially distressed retailers has cost the high street over 6000 jobs.
Sports Direct is poised to axe hundreds of jobs at Evans Cycles after it acquired the cycling retailer with plans to close 50%.
Halfords has reportedly hit the brakes on its rescue bid for Evans Cycles.
One of the largest fishing retailers in the UK Fishing Republic has seen its shares suspended after major investors pulled their
American Golf has been rescued from administration by private equity investor Endless, saving 112 stores nearly 1000 jobs.
Decathlon has posted plummeting profits and like-for-likes for its last full year as it struggled to fend off competition.