JD Sports is stepping into the UK’s red-hot beauty market after acquiring a majority stake in haircare brand Hairburst for an undisclosed sum. Founded in 2014 by James Hill, Henry Gwilliam and Matthew Cragg, Hairburst sells vitamins, shampoos and styling products for hair. “We are very proud to be the first beauty business to partner with JD on...
Sep 28, 2021
Boosted by sales of trainers in the US and the ongoing demand for athleisure, British sports apparel retailer JD Sports reported record earnings for the first half of the year. On the back of the news, the company’s shares reached historic heights. The business “continues to demonstrate outstanding resilience in the face of numerous challenges”...
Sep 15, 2021
Sportswear retailer JD Sports is said to be one of a “number of parties” in talks to invest in e-commerce retailer Missguided. The proposed acquisition could see the sports company gain full control over Missguided, with neither company confirming the offer as of this moment. According to a report by Sky News, JD Sports is looking for the “...
Sep 9, 2021
JD Sports has named Bert Hoyt as a new non-executive director. Hoyt is a sportswear veteran who spent the most part of his career at Nike, joining in 1998 and working his way up to the position of vice president and general manager of Nike EMEA before retiring in January of this year. During his time at Nike, Hoyt was credited with transforming...
Sportswear giant JD Sports Group has bought a “significant minority stake” in British activewear brand Gym King. The multi-million-pound investment will be used to help the company expand internationally, with a particular focus on the US, Europe and Asia. Jay Parker, who founded Gym King in West Yorkshire in 2015, said the partnership will help...
Jul 22, 2021
London - British sports-fashion retail company, JD Sports Fashion Plc (JD.L), in its AGM trading update, said it believes it is on track to deliver adjusted profit before tax for the full year at an increased level of no less than 550 million pounds. The Group said its forecast reflects risk of further temporary store closures and the potential...
Jul 1, 2021
A backlash about excessive executive pay has ensued after JD Sports remunerated its chairman Peter Cowgill nearly 5 million pounds in a salary and bonuses, despite the company receiving 61 million pounds during the UK furlough scheme and a further estimated 38 million pounds in business rates relief. Glass Lewis, a shareholder advisory company,...
Jun 14, 2021
British sportswear retailer JD Sports has announced a partnership with Love Island, becoming the official activewear provider for the seventh season. The sportswear brand has also launched a personalized section for fans to order caps, towels, face coverings, bags, and more. Peter Cowgill, JD Sports fashion executive chairman told Drapers: “Love...
Jun 3, 2021
British sportswear retailer JD Sports is to offload Sports Unlimited Retail to its 50.02 percent subsidiary based in Spain for 16.5 million euros. JD Sports said its subsidiary Iberian Sports Retail Group is more focused on the sporting goods sector than the core JD brand and therefore its management team will be better placed to drive growth...
British sportswear retailer JD Sports has denied media rumours that its CEO and executive chair Peter Cowgill is planning to exit the business. In a statement released Tuesday morning, the company said: “JD can confirm to both investors and to its international brand partners that the board is not engaged in a process to recruit a chief...
Jun 1, 2021
UK sportswear giant JD Sports is reportedly continuing its acquisition spree following news it has snapped up Manchester-based menswear boutique Oi Polloi. JD Sports bought the Northern Quarter store and online assets of the cult brand earlier this year - and chairman Peter Cowgill has become a company director, according to filings seen by The...
May 10, 2021
JD Sports has announced that Andy Rubin has stepped down from its board as a non-executive director. “I would like to thank Andy Rubin for his valuable contribution to the board over the last five years at JD, which has been a period of substantial growth of the group in geographic reach, turnover and profitability,” said JD Sports executive...
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