BREAKING NEWS

BREAKING NEWS

Mike Ashley pulls bid to add Patisserie Valerie to UK retail empire - source

Mike Ashley pulls bid to add Patisserie Valerie to UK retail empire - source
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Darren Staples(Reuters)
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(Reuters) - British retail tycoon Mike Ashley's Sports Direct has pulled its offer to buy scandal-hit British cafe chain owner Patisserie Holdings after making a bid late last week, a source with knowledge of the matter told Reuters.

British media reported on Sunday that the sports retailer had written to Patisserie administrators KPMG complaining it lacked the information required to continue bidding for the company.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely)

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