Legal tackle forces Sports Direct to take indirect route for Debenhams challenge

Mike Ashley's Sports Direct business has withdrawn its direct challenge to Debenhams' restructuring, but is now funding the protest being led by another investor. High street retailer Debenhams was in a protracted and public battle for control with Ashley, who has been on his own shopping spree of retail brands including House of Fraser and Game in recent months. Ashley, along with other shareholders, was hit heavily when Debenhams entered administration in April. A company voluntary arrangement (CVA) which shut 50 stores and... You can carry on reading 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...