Sports Direct boss Mike Ashley looks to have lost £130m battle for online retailer
Sports Direct boss Mike Ashley looks to have lost in his bid to buy Manchester based online firm Findel Group in a £130m deal.
The announcement is the second blow for the tycoon this week. A series of bids culminating in a £200m offer for Debenhams were rejected with the retailer opting to go into administration.
Sports Direct offered to buy Findel at the beginning of last month.
Stock Market rules meant it was required to make the offer after agreeing to buy six million shares in the business from shareholder City Financia... 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...