Buying House of Fraser and ultimately loss-making stakes in firms like Debenhams and MySale may have been a chastening experience for Sports Direct boss Mike Ashley, but it hasn't stopped him from looking for more buys.
Bidding for Jack Wills is getting under way with reports saying six interested parties are in the race. They’re said to include the UK’s two most acquisitive retail tycoons, Mike Ashley and Philip Day.
The problems are mounting for Jack Wills and now it seems that the company's owner is considering selling the brand. Reports said KPMG has been appointed as its advisor and is looking at all options for its future.
The latest yearly results from Jack Wills may not have been bad on the sales front but margins have been heavily under pressure and that was bad news for profits, although the firm said recent results have been better.
A major investor in London department store Liberty is exploring a sale of its stake in the business, according to a report, with private equity company BlueGem having “asked UBS to sound out prospective bidders.”