Sports Direct pulls out of Patisserie Valerie bid

Shirebrook-based Sports Direct has withdrawn its offer to buy stricken bakery chain Patisserie Valerie out of administration, according to reports. The Daily Telegraph says that Mike Ashley, Sports Direct boss, has withdrawn a £15m offer that would have to expanded his High Street empire further. Chris Wootton, the company’s deputy finance chief, said in a letter to administrators from KPMG that he had "failed to gain access to a data room, any financial information or meetings with management”, and so the bid was off. P... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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