JD Sports
This coverage tracks JD Sports’ activities and performance within the UK retail sector, including store openings, acquisitions, financial results, leadership changes, and marketing initiatives. Reporting focuses on the company’s strategic decisions, market positioning, and impact on the sportswear and footwear landscape, offering insights for retail managers and executives monitoring competitive trends and growth strategies.
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Feb- 2021 -4 FebruarySport & Leisure
JD Sports raises £464.2m to bolster acquisition plans
JD Sports has announced the completion of the placing of new ordinary shares in the business’ capital, which raised £464.2m for the company, to be used for future acquisition plans. A total of 58,393,989 new ordinary shares in the retailer were placed by Investec and Peel Hunt, at an issue…
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1 FebruaryClothing & Shoes
JD Sports set to acquire DTLR Villa for £360m
JD Sports has announced that it has entered into a conditional agreement for the acquisition of 100% of DTLR Villa for a total cash consideration of $495m (£360m. The UK retailer claimed that approximately $100m (£72.8m) of the total cash will be used to repay existing indebtedness of the company.…
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Jan- 2021 -26 JanuaryClothing & Shoes
JD Sports mulls £400m share placing
JD Sports Fashion is reportedly eyeing up an equity sale of around £400m as it “eyes further opportunities” to expand across the globe. According to Sky News, the group’s board is considering launching the placing as early as this week, with insiders stating that the amount will be “in the…
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25 JanuaryM&A
Asos joins the Topshop race
Asos has emerged as a contender to acquire Topshop, just days after highstreet retailer Next was forced to pull out of the race. In an update to the London Stock Exchange, the digital fashion retailer confirmed that it was in “exclusive talks” with Arcadia administrators to purchase the Topshop, Topman,…
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22 JanuaryM&A
Next pulls out of Arcadia race
Next has allegedly withdrawn from the race to acquire Arcadia Group, after the store was unable to meet the price tag for Topshop and Topman. According to The Times, Topshop, which is one of Acardia’s most coveted brands, was said to be valued between £250m and £300m – a sum…
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11 JanuaryClothing & Shoes
JD Sports raises profit forecast to £400m
JD Sports has announced that its headline profit-before-tax for the full year to 30 January 2021 will be “significantly ahead” of the current market expectation of £295m to at least £400m for the full year. The news follows the fashion retailers Christmas trading update which showed that total revenues, on…
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Dec- 2020 -16 DecemberClothing & Shoes
Ocado has largest pay gap between CEO and staff, report finds
Online grocer Ocado reportedly has the highest pay gap between workers on the shop floor and those in senior level positions, according to a new report by the High Pay Centre. The report found that Ocado’s CEO Tim Stenier was paid £58.7m last year, while his employees made an average…
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15 DecemberSport & Leisure
JD Sports acquires Shoe Palace
JD Sports has announced the acquisition of US-based Shoe Palace, purchasing 100% of both the issued shares in the Shoe Palace Corporation and the members’ interests in Nice Kicks LLC. The total cash consideration for the acquisition is $325m ($244m), which is subject to regulatory approval. Based in California, Shoe…
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14 DecemberClothing & Shoes
US group eyes Arcadia and Debenhams takeover
Authentic Brands, the US owner of New York department store brand Barneys, is reportedly eyeing a double takeover of Debenhams and Arcadia Group, according to the Telegraph. The retail group has reportedly entered discussions with the administrators of both businesses, placing chairman Jamie Salter in “direct competition” with Mike Ashley,…
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7 DecemberDepartment Stores
Frasers Group in Debenhams takeover talks
Mike Ashley’s Frasers Group has entered discussions involving a possible takeover of Debenhams, the group confirmed today. It comes as Debenhams collapsed into administration last week, placing 12,000 jobs at risk, after talks with JD Sports over a potential rescue deal failed. The department store chain will continue to trade…
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