Sofas

[AtW]

The Sports Direct founder, Mike Ashley, has added the online retailer Sofa.com to his rapidly expanding high street empire, which now encompasses sportswear, department stores and furniture.

Ashley saw off competition from the stock market-listed furniture specialist ScS Group to win control of Sofa.com. He is trying to turn around the loss-making House of Fraser chain; the Sofa.com brand is already sold in eight stores.

Ashley has been on a buying spree over the past year, snapping up struggling retail chains including House of Fraser and the bike specialist Evans Cycles. He is also in the running to acquire the collapsed entertainment chain HMV. Sports Direct also has shareholdings in multiple high street chains including French Connection, Game Digital and Debenhams.

Mike Ashley adds Sofa.com to his high street empire | Business | The Guardian

[Old Greg]

The Sports Direct founder, Mike Ashley, has added the online retailer Sofa.com to his rapidly expanding high street empire, which now encompasses sportswear, department stores and furniture.

Ashley saw off competition from the stock market-listed furniture specialist ScS Group to win control of Sofa.com. He is trying to turn around the loss-making House of Fraser chain; the Sofa.com brand is already sold in eight stores.

Ashley has been on a buying spree over the past year, snapping up struggling retail chains including House of Fraser and the bike specialist Evans Cycles. He is also in the running to acquire the collapsed entertainment chain HMV. Sports Direct also has shareholdings in multiple high street chains including French Connection, Game Digital and Debenhams.

Mike Ashley adds Sofa.com to his high street empire | Business | The Guardian

Have you forwarded him your customer service correspondence yet?

[GreenMirror]

Mike Ashley appears to be bottom fishing. I suspect the retail sector has alot further down to go.