It beats being bought for a pound like Homebase (?90 million isn?t too shabby), but House of Fraser?s acquisition by Sports Direct is nonetheless an odd retail story.
Former investment banker Jeff Blue recently took Mike Ashley to the High Court over the non-payment of ?14m, which he alleges was part of a verbal agreement promising him money in exchange for doubling the share price of Sports Direct to ?8 within three years.
In most cases verbal agreements are deemed legally binding. But is it still considered valid after a two hour drinking session? It?s something Sports Direct owner Mike Ashley is about to find out.
Sports Direct hit the headlines in May after its only female director resigned. It was suggested her voice was no longer being listened to by the board and her effectiveness in the role was being limited.
New research has revealed that one-in-five British consumers boycott brands on the back of what is perceived to be a scandal or negative press.
Our After Exit series is putting selling my business examples in the spotlight ? one of which saw Sports Direct leave an owner with decisions to make.