Mike Ashley

Parent-company Arcadia’s collapse marks the UK’s biggest corporate casualty of the pandemic. What comes next for the brand that was once the crown jewel of the high street?

The British sportswear retailer bought a 12.5 percent stake in the luxury leather goods company.

The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.

Shares in the sportswear retailer were up 8.5 percent on the morning of July 24, paring its year-on-year losses to 41 percent.

The sportswear retailer has sold the freehold to its Shirebrook logistics centre to Malaysia's Employees Provident Fund.

Chairman Terry Duddy will take over on an interim basis as the company seeks a successor to Sergio Bucher.

The retail magnate, who made headlines for binge drinking and the substandard working conditions at his sporting goods chain, has been blasting Debenhams management and making legal threats since lenders took control on April 9

Despite its long history, Debenhams has been battling for survival after a consumer shift online and to cheaper outlets destroyed 90 percent of its share value in the past year.

The British retail mogul has made a fresh bid to stave off a looming debt restructuring at Debenhams that would wipe out his equity.

The sportswear group, which has a near-30 percent stake in Debenhams, did not name or number the shareholders backing such a move.