Sport Direct saw £500m wiped off its stock market value this morning (10 December) after poor results compounded the City’s reaction to the Guardian’s expose on the working conditions among its warehouse staff.
While the fallout from the accusations threatens to drag its share price down further, it’s a case of a déjà vu when it comes to the likely long-term implications for a business and its owner which have continually managed to offset corporate governance concerns with its ability to show it’s a healthy business.
Sports Direct is no stranger to being in the headlines for all the wrong reasons Read full story ›
Source: The Drum