Various companies report financial updates: Costco evaluates tariff refunds, Nike plans a $300 million charge for cost-cutting, Cumulus Media faces bankruptcy, IMCD shares plunge after a dividend cut, and Puma shares jump after a retail billionaire buys a stake.

Puma's stock has risen sharply after retail billionaire Mike Ashley acquired a stake in the company.

Puma's shares have jumped after retail billionaire Mike Ashley acquired a stake in the company.

British billionaire Mike Ashley's retail company, Frasers Group, has acquired a stake in the sporting giant Puma, becoming the second company this year to do so.

The club’s administrators are actively seeking new buyers following the recent withdrawal of a consortium

Puma's shares surged after retail billionaire Mike Ashley acquired a stake in the company.

Puma shares saw a significant jump after retail billionaire Mike Ashley acquired a stake in the company.

Puma shares surged following the news that retail billionaire Mike Ashley acquired a stake in the company.

Puma Shares Jump as Retail Billionaire Mike Ashley Buys Stake  WSJ

Former Newcastle owner Mike Ashley is reportedly exploring a deal to purchase Sheffield Wednesday, following a previous takeover collapse for the club.

Puma shares surged after retail billionaire Mike Ashley acquired a stake in the company, boosting investor confidence and market valuation.

Puma shares experienced a jump after retail billionaire Mike Ashley acquired a stake in the company.

Mike Ashley's Frasers Group has reportedly set its sights on acquiring Puma.

Puma's shares surged after retail billionaire Mike Ashley acquired a stake in the company, signaling investor confidence.

Company, which also owns Oasis, Warehouse and Karen Millen, to use cash to cut debts and fund turnaround Business live – latest updates The owner of Boohoo and Debenhams is raising £35m from shareholders in a move that could open a fresh conflict with Sports Direct founder Mike Ashley. The company, which also owns Oasis, Warehouse, Pretty Little Thing and Karen Millen, said on Tuesday that the new cash would help reduce debts and fund its turnaround plans. These involve slashing costs, selling off a distribution centre and operating Debenhams as an online marketplace for other brands. Continue reading...