Mike Ashley's bid to buy fashion retailer Jack Wills risks inflaming tensions with City investors
Any redundancies would add to the grim toll of retail employees who have found themselves out of a job as dozens of prominent chains have either collapsed or been forced into emergency restructurings.
In a delayed, chaotic and rambling full-year results announcement, Mr Ashley described House of Fraser's problems as potentially"terminal" less than a year after he acquired the department store chain out of administration. Mr Ashley has repeatedly denied any intention to take Sports Direct private, going so far as to say recently that being listed gave him"discipline".Many of Sports Direct's City shareholders would be dismayed at a low-ball attempt to take the company private given the 45% slump in its share price during the last 12 months.
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