Thomas Colson Sports Direct founder Mike Ashley outside his Shirebrook warehouse LONDON — Sports Direct is buying a £40 million corporate plane and doing a makeup deal with Mike Ashley’s daughter, its half-year report reveals. The report, released on Thursday, says that the firm will take delivery of a $ 51.1 million (£40.25 million) corporate […]

Getty Sports Direct founder Mike Ashley Sports Direct is to ditch zero-hours contracts after public uproar over working conditions in the retailer’s warehouses and stores. In a report commissioned by the retailer, legal firm RPC identified “serious shortcomings” in the firm’s working practices which its board “deeply regrets and apologises for.” Casual retail staff are […]

Institutional Shareholder Services, one of Britain’s most powerful shareholder advisors, is trying to boot billionaire Mike Ashley’s out of Sports Direct, the company he founded. The ISS sent a memo, which was seen by Business Insider, to the £1.8 billion ($ 2.3 billion) sport retailer’s investors saying that shareholders should oppose Ashley’s re-election as deputy chairman next month at the group’s […]

A company owned by the brother of Sports Direct founder Mike Ashley is making an estimated £300,000 ($ 391,557) handling international deliveries for the discount sports retailer, according to the Financial Times. The paper found that Barlin Delivery, a delivery broker that processes international orders for Sports Direct’s 33 overseas operations, is owned by John […]

Getty Sports Direct has agreed to pay money back to thousands of workers who lost out after being effectively paid less than minimum wage by the company while employed in its warehouses, according to a report from The Guardian. The payments centre around an investigation into Sports Direct’s working and employment practices by the House […]

Shares in stricken retail giant Sports Direct are going crazy on Thursday after the company announced plans to spend around £90 million buying back shares from investors in advance of its AGM in early September. Sports Direct made the announcement to the markets early this morning, and at the open shares popped. Around 9:40 a.m. […]