Bloomberg Billionaire Mike Ashley made a fresh bid to prevent a wipeout of his equity in Debenhams Plc, offering to underwrite the issuance of 150 million pounds ($196 million) in new shares. The chief executive officer of Sports Direct International Plc said his support for the shareholder rights issue is conditional on him being named CEO of the department-store chain, ...

Bloomberg A $2.5 billion spending spree involving more than two dozen deals provides some insight into how Mukesh Ambani is piecing together a strategy to take on Amazon.com in India. Asia’s richest man is sharpening his focus on e-commerce with a string of tiny acquisitions and stake purchases to face the world’s largest online retailer, after shaking up India’s telecommunications ...

Bloomberg Selling “a rich man’s sauce at a poor man’s price” has made David Tran a very wealthy man. The 73-year-old Vietnamese refugee is responsible for bringing Sriracha to American consumers. After settling in Los Angeles in 1979, Tran founded Huy Fong Foods Inc, named for the Huey Fong boat that brought him to the US, and started making hot ...