Sports Direct

Ticker SPD

Today's data summary

Market closed
% change
-1.45%
Price Pence
272.50
Change
-4.00
As of 18:43 21 Feb 2019
Market cap. Pound sterling
1,463.24 million
As of 18:43 21 Feb 2019

Latest updates

ScS pulls out of Sofa.com talks

Sofa.com advert
Sofa.com

Furniture retailer ScS has pulled out of the running to acquire Sofa.com, paving the way for Mike Ashley to buy the group.

ScS said it is "no longer in discussions" with the firm about a deal.

It had been up against Mr Ashley's Sports Direct to buy the firm in a multi-million-pound tie up.

Ashley rolls out Agent Provocateur into House of Fraser

Agent Provocater
BBC

It looks like a cross-pollination of Mike Ashley's retail brands is beginning.

Lingerie by Agent Provocateur, the firm that the Sports Direct billionaire bought out of administration in 2017, will soon be sold in House of Fraser, which Mr Ashley also bought out of administration last year.

Is this part of a wider strategy for Mr Ashley? After all, he does own a major shareholding in Debenhams and he's not afraid to flex his muscles.