Mike Ashley makes surprise bid for Patisserie Valerie

Sports Direct owner seeks to add collapsed cake chain to recent string of acquisitions
The sportswear tycoon Mike Ashley has made a surprise bid to add collapsed cake chain Patisserie Valerie to his high-street empire.On Friday evening the Sports Direct boss confirmed in a brief statement to the stock exchange that the company had made an offer for the stricken cake group, which plunged into administration last month. Continue reading...