JD Sports 'perplexed and disappointed' as Footasylum deal blocked again
This deal would see Footasylum bought by its closest competitor and, as a result, shoppers could face higher prices"
Company
LON:JD.
JD Sports Fashion plc has long been established as the leading UK specialist multiple retailer of fashionable branded and own brand sports and casual wear, principally through the growth of its main retail fascia, JD Sports. The JD Group now has well over 500 stores covering both sports and branded fashion but it all started when John David Sports was founded in 1981 with one shop in Bury. By 1983 the fledgling business was expanding into the Arndale Centre in Manchester and throughout the 1980s there were further openings, largely in the North and Midlands. The first London store was opened in Oxford Street in 1989 and by the time of JD’s stock market flotation in 1996 there were 56 stores. Maximum advantage was being taken from the growth in sales of international sports brands such as adidas, Nike, Reebok and Puma and the trend to wear sportswear more and more in everyday life rather than largely on sports fields. Additionally, JD had already developed its reputation as the most innovative visual merchandiser of sportswear with the best and most exclusive and stylish ranges.
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This deal would see Footasylum bought by its closest competitor and, as a result, shoppers could face higher prices"
54% of independent shareholders voted against Andrew Leslie's re-election
The retailer guided for £550mln profits this year but it is still considering whether to repay taxpayer money back to the government
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Also in the company diary are white good retailer AO World and legacy software group Micro Focus
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The FTSE 100 group said the Dutch arm would be better managed by the Spanish one
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Based in Krakow, MIG operates 410 retail stores and associated trading websites across nine countries in Central and Eastern Europe selling sports fashion footwear, apparel and accessories
The sector is facing a positive outlook due to the consumer shift towards healthy lifestyles combined with product innovation
The athleisure retailer placed 58mln new shares, representing 6% of the entire issued share capital
The retailer has acquired US brands DTLR Villa and Shoe Palace in just below two months and is focusing on physical stores as well as its online offering
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The retailer was responding to media reports regarding plans for a £400mln cash call
Like-for-like for the 22 weeks to January 2 were more than 5% ahead of the previous year
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Other firms in the diary include Primark owner AB Foods, Just Eat, Premier Inn parent Whitbread and housebuilders Vistry, Persimmon and Taylor Wimpey