British sportswear brand JD Sports has reportedly signed a deal with Excel Esports that will see the gaming organisation’s roster of around 3,000 UK-based players don the retailer’s logo. It will also include exclusive naming rights to Excel’s academy roster, which is to be rebranded to JDXL. The deal displays the continued interest in esports...
Jan 14, 2022
Frasers Group has reportedly tabled an offer for Footasylum after JD Sports was ordered by the UK’s Competition and Markets Authority (CMA) to sell the company earlier this year. The CMA told JD Sports in November it would have to sell Footasylum’s 65 stores after ruling the merger between the two sportswear retailers would “leave shoppers worse...
Dec 29, 2021
Sports retailer JD Sports has opened its second flagship store in Amsterdam. Located on the Kalverstraat, the store is divided into two floors, dedicated to a variety of footwear and apparel. The 736 square meter store features brands such as Nike, Jordan, Adidas, New Balance, Puma, Converse and Vans. When asked about any plans for further JD...
Nov 29, 2021
Sportswear retailer JD Sports Fashion plc has released a response to media reports that its executive chairman Peter Cowgill had been holding meetings with Footaslyum’s chairman, Barry Bown, possibly in breach of competition rules. Initially reported by The Sunday Times, video footage released back in July shows Cowgill and Bown sitting in a...
Nov 8, 2021
JD Sports has snapped up an 80 percent stake in Greek retailer Cosmos Sport for an undisclosed sum in what is the latest in a string of acquisitions by the British sportswear giant. Cosmos is based in Crete and operates 57 stores across Greece and three in Cyprus under a variety of retail banners and associated trading websites. The principal...
Oct 22, 2021
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
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