Mike Ashley wins race to buy Jack Wills

The Sports Direct boss has added another struggling retailer to his empire; deal includes 100 shops.

Commenting on Jack Wills, Sports Direct said:"We will look to work with the landlords to reduce the rents to keep as many stores trading as possible."Mike Ashley is the founder, majority owner and chief executive of Sports Direct

Suzanne Harlow, chief executive of Jack Wills, said that while the company has worked on improving its financial performance:"The challenging trading environment led us to conclude that the company's long-term future would be best served as part of a larger group and Sports Direct will enable us to do this."

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