FASHION
Mike Ashley in the frame to acquire Agent Provocateur via The Industry
Date Posted: Tuesday 28th February 2017
Sports Direct’s Mike Ashley has tabled a £27.5m bid to acquire the troubled upmarket lingerie brand Agent Provocateur.
The label’s majority shareholder, the private equity group 3i, has been seeking bids on the business as it looks to exit 10 years after paying £60m for its 80% stake. It was forced to write down its investment by £39m and inject further cash into the business last autumn after accounting irregularities were revealed and it was hit by tough trading.
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