Ashley set to acquire Everlast

Sports World boss Mike Ashley was on the brink of another acquisition after making a new offer for boxing equipment brand Everlast.

Mr Ashley’s Sports Direct International tabled $149.3m (€110m) for Everlast, as the British business continued to trade blows with its bid rival, the US-based investment group Hidary.

If Mr Ashley is successful, Everlast will be added to a stable of brands that includes Slazenger, Lonsdale and Dunlop.