It looks like Mike Ashley's intentions may have been lost in translation for Manager Magazin.
Frasers Group, the company the maverick entrepreneur controls, just said it has no plans to big for Hugo Boss AG. Below is the link:..
Hugo Boss shares are up over 5pc this morning following a report from a German magazine that Mike Ashley is weighing a takeover bid to buy the fashion brand outright.
Wily Ashley, the controversial billionaire owner of Newcastle United Football Club, has been building a stake in Hugo Boss for sometime but now the monthly Manager Magazin is claiming he is "in talks" to buy the whole business for over EURO 3.2 billion. Below is a link to the piece:..
Hat tip to Oliver "Shahsy" Shah.
Ten days ago the intrepid hack and business editor of The Sunday Times splashed the section he edits with a scoop about Mike Ashley move's to buy Dave Whelan's Sports for more than £30 million. Below is the link:
https://www.thetimes.co.uk/article/mike-ashley-bids-for-dave-whelans-bust-dw-sports-cm8mplt5k..
Scribblers at the venerable Wall Street Journal just landed a corker of a scoop about Mike Ashley's football (soccer) club.
According to the excellent newspaper, Saudi Arabia's Public Investment Fund is backing another tilt at Newcastle United, the Premier League football club owned by the boss of Sports Direct...
The collapse of Debenhams wasn't exactly Mike Ashley's finest hour.
The owner of Newcastle United Football Club lost £150 million on the 29.9pc equity stake he built over several years after being outmanouvered by the credit funds and the company ahead of a financial restructuring.
Now, though, it would appear Fosun - the Chinese conglomerate led by Guo Guangchang, dubbed China's Warren Buffett - is following a similar path to maverick Mike...
Is it Mike Ashley day, today?
The maverick entrepreneur appears to making on-the-record comments everywhere this morning about everything from Arcadia to Debenhams.
To be fair, it was Deidre Hipwell who dug out some great quotes from Ashley (probably yesterday) about Sir Philip Green's Arcadia that made a superlative splash in The Times business section. Below is the link:..
Tucked away in the Evening Standard's business section is a story from Laura Onita about how Mike Ashley's holding company has organised a £907 million revolving credit facility.
It was good a spot in the Mash Holdings's Companies House filings from the up-and-coming hackette and got Betaville pondering on why the maverick entrepreneur had organised such a big credit line...
Is anybody else wondering why Mike Ashley changed his mind about trying to buy Patisserie Valerie in the space of 48 hours?
The whole idea of Ashley buying the coffee chain seemed rather bizarre in the first place. Trainers, tracksuits and, er, French-themed croissant bars...
Take a bow Lucy White of the Daily Mail for completing nailing the "Mike Ashley to bid for Patisserie Valerie" story.
The business section of the Daily Mail splashed on the Lucy's scoop a couple of weeks ago. Below is a link to her original piece:..
My old chum Neil "Neily" Craven at the Mail on Sunday landed a great follow up to his scoop last weekend about Marks & Spencer's tie up with online grocer Ocado.
Yesterday's piece had the nitty gritty detail about the deal, so if your still interested I have pasted the link below:..
So, the venerable Financial Times have had a good stab at looking into why maverick Mike Ashley is hoovering up every distressed retailer in sight.
Below is a link to the excellent piece in today's hard copy edition.
https://www.ft.com/content/bfcf7bc4-2633-11e9-b329-c7e6ceb5ffdf
However, Betaville isn't 100pc convinced the FT have got to the bottom of the whole story...
Once you get past the acres of Brexit coverage there were some decent business jackanories knocking about in the Sunday papers today.
One story that caught Betaville's eye was a tucked away on page 2 of the Mail on Sunday's business section about how Mike Ashley is planning to hire new PR "experts" to look after his "growing retail group". Below is a link to Neil Craven's article:..
Neil Craven, a colleague over at the Mail on Sunday's business section, landed a cracking tale this weekend about ailing department store Debenhams...
Oh look - I see maverick Mike Ashley has just told Kingy over at Sky News that talks about a sale of Newcastle United are now "at a more progressed stage than they have ever been". Below is a link:
https://news.sky.com/story/mike-ashley-eyes-imminent-sale-of-newcastle-utd-11571007..
This is a story that's been going backwards and forwards for the last couple of years. And no, Betaville isn't referring to the dreaded Brexit. It's the potential sale of Newcastle United Football Club by its billionaire owner Mike Ashley...
There is an interesting juxtaposition of stories/threats on the front page of the excellent business section of The Times today...
The Kleinmanator of Sky News is claiming he had the scoop about Mike Ashley buying House of Fraser out of administration. I guess that may be a valid claim amid his minute by minute scoopage (er, or is it coverage?) of the fast moving situation...
Hat tip to Russell Lynch. Betaville stumbled across the hack's cracking scoop in today's Evening Standard business section about a Turkish tycoon's £220 million potential bid for Newcastle United Football Club on the way to, ironically, a leaving party for a hackette that's about to join the great newspaper.
Here is a link to Lynch's piece in the Evening Standard:..
It would appear Mike Ashley isn't the only bidder still trying to get hold of BHS - or parts of it, at least.
Well-placed sources have told me the Portuguese consortium, led by Greg Tufnell (Phil Tufnell's brother) and backed by the dos Santos family, was also contacted by administrators on Sunday about whether it would still be interested in buying BHS...