Mike Ashley set to buy Sofa.com after rival bidder drops out

Mike Ashley

Mike Ashley, the high street entrepreneur and boss of Derbyshire retail giant Sports Direct could be set to buy Sofa.com, after rival suitor, ScS, dropped out of the running.

Furniture retailer ScS said on Friday it was no longer in talks about buying Sofa.com which was put up for sale last month.  Sky News reported that Mr Ashley had agreed a sale for a “nominal sum”, although there was no official confirmation.

Mr Ashley, whose company already owns House of Fraser (HoF) and a 29.7% stake in Debenhams, as well as a stake in Evans Cycles, has recently been reported as bidding for HMV and Patisserie Valerie.