Posted in Business Champion on July 27th, 2007 No Comments »
Mike Ashley bemuses the city again, after buying a 1% stake in Adidas.
The stock market was closed, then Sports Direct release a bulletin stating the purchased 1.6 million shares - 1% of Adidas. The group cliamed that the £48 million transaction was consistent with a policy of “pursuing strategic investment opportunities” where it could “gain […]
Posted in Business Champion, Mike Ashley on July 25th, 2007 No Comments »
Mike Ashley’s Sports Direct shares tumbled yesterday after the company warned that profits in the current financial year would be substantially lower than City expectations.
Having built the retail empire Sports Direct, Mike Ashley must have thought that floating the company would be a natural progression in his business career. However, since floating in February, Sports […]
Posted in Business Champion, Dragons Den, Deborah Meaden on July 19th, 2007 No Comments »
Deborah Meaden is set to cash in to the tune of £20 million when Weststar Holidays is sold to Parkdean Holidays.
Deborah Meaden, another ‘celebrity entrepreneur’ thanks to the BBC business show Dragon’s Den, could be cashing in on the 23 percent of shares she owns in the firm, Weststar Holidays, founded by her parents.
Weststar was […]
Posted in Business Champion, Michael O’Leary on July 16th, 2007 No Comments »
Michael O’Leary is the head of Ryanair the low cost airline. A new book reveals how O’Leary made it with Ryanair.
They may be known as a low cost airline, but Ryanair are also known as an airline that offer little in the way of customer service. A quick online search shows forums, blogs, comments galore, […]
Posted in Business Champion on July 13th, 2007 No Comments »
Former Business Champion Conrad Black has been convicted of three charges of fraud and one of obstructing justice by a jury in Chicago.
Conrad Black, the former media tycoon, aged 62, faced 13 charges associated with claims he stole £29.5m from investors in the newspaper firm Hollinger International which he headed up.
Black was found guilty of […]
Posted in Business Champion, Richard Branson on July 9th, 2007 No Comments »
Richard Branson could be in line for a new business battle, as he battles with comic superheroes.
Sir Richard Branson’s newly formed Virgin Comics is set to join up with actor Nicolas Cage, and his 16-year-old son who has a talent for drawing comic cartoons.
This Wednesday sees a new series of voodoo-themed comics set in New […]
Posted in Mike Ashley on July 3rd, 2007 No Comments »
Mike Ashley’s, Sports Direct, the Sports retail company recently floated and now valued well below the initial float price, has agreed to buy Everlast, the iconic American boxing kit manufacturer, for £84 million.
It is thought the deal will help Sports Direct realise a breakthrough in the American markets.
Everlast, which makes gloves, shorts and other […]
Posted in Richard Branson, Rupert Murdoch on July 2nd, 2007 No Comments »
Sir Richard Branson, the largest shareholder of British cable TV company, Virgin Media, is open to a buyout of the firm.
The Carlyle Group private equity firm is in discussions with Virgin Media about a potential deal.
Virgin Media lost several customers earlier this year after it stopped airing basic BSkyB channels, dropping popular programs such […]