Grant Thornton news and archive

Sports Direct shares tumble as auditor Grant Thornton quits

Shares at Mike Ashley’s Sports Direct fell by more than 11 percent following the announcement that the retailer’s auditor since 2007, Grant Thornton, would quit after the company’s annual general meeting on 11 September. Sports Direct released a statement on Wednesday saying: “Sports Direct received notice from Grant Thornton UK LLP (GT) that,...

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Business

Sports Direct auditor Grant Thornton quits

Mike Ashley’s Sports Direct has announced that Grant Thornton will quit from its position as the retailer’s auditor. Following a review of its client portfolio, Grant Thornton has decided not to seek reappointment as its auditor from 11 September when Sports Direct’s next annual general meeting will take place. Last month, Sports Direct delayed...

Design

Jane Norman enters administration

Womenswear retailer Jane Norman has placed its remaining 24 stores in the UK and Ireland into administration,as the company to be unable to continue sustaining its money-losing high street retail locations. Jane Norman will continue to run its online and international concession stores as normal and will try to keep its high street stores open...

Design

Tie Rack to close UK stores

Tie Rack is to close its 44 UK stores by the end of the year, putting around 200 jobs at risk. The Fingen Group, Tie Rack’s Italian owners, have launched a closing down sale at its high street stores and is aiming to have all outlets closed by the end of the year. The only standalone stores that might be saved are the ones it operates in...

Design

Sports Direct rescues outdoor brand Gelert

Sportswear retailer Sports Direct has saved 100 jobs at outdoor specialist Gelert after buying it out of administration. Established in 1975, Gelert operates as an importer, wholesaler and retailer of outdoor and camping equipment, with shops in Porthmadog, Bedgellert, Caernarfon and Betws-y-coed in Wales, and Dublin. The brand also has a...