mash holdings news and archive

Profits slide at Mike Ashley’s business empire

The business empire of Sports Direct owner Mike Ashley saw profits drop by 64 percent to 102.5 million pounds for the year to end-April 2017, from 227.7 million pounds the year before. Accounts filed at Companies House showed that while revenue at Mash holdings, Ashley’s personal investment company, jumped 11.7 percent to 3.2 billion pounds,...

Business

Mike Ashley jettison controlling stake in Sports Direct as ‘gift’

Billionaire Mike Ashley raised many eyebrows on Wednesday when Sports Direct announced its founder had offloaded a majority stake in the retailer to a new entity named Mash Holdings Limited. In a statement, Sports Directs claims that Mash Holdings Limited, Ashley’s investment vehicle, has offloaded a 50.71 percent stake in the retailer, which is...