sports direct international news and archive

Sports Direct raises its stake in Findel to 36.8 percent

Sports Direct International plc has acquired 6,000,000 Findel shares at a price of 161 pence per share from City Financial Absolute Equity Fund. The company expects the acquisition to settle on March 6, 2019 and following the acquisition Sports Direct will, the company said in a statement, in aggregate, hold 31,850,000 Findel shares,...

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Sports Direct revenues up 4.5 percent, profits drop

Group revenue at Sports Direct International Plc was up 4.5 percent to 1,791.8 million pounds (2,266.3 million dollars) for the 26 weeks to October 28, 2018, due to the acquisition of House of Fraser in the year, growth in premium lifestyle and growth in rest of world retail. Excluding acquisitions and on a currency neutral basis, group revenue...

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Sports Direct acquires Frasers department store for 95 million pounds

Sports Direct International has announced that the company is acquiring the Frasers department store in Glasgow for 95 million pounds from Glasgow City Council as administering authority for the Strathclyde Pension Fund, which also means around 800 in-store jobs will be saved. In a separate media release, House of Fraser vowed to create the...

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Sports Direct reports 72.5 percent drop in annual profit

Sports Direct International Plc’s revenue for the year ended April 29, 2018, increased by 3.5 percent to 3,359.5 million pounds (4,387 million dollars). Reported profit before tax was 77.5 million pounds (101 million dollars), down 72.5 percent, which the company said was largely due to an 85.4 million pounds (111.4 million dollars) impact from...

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Sports Direct non-executive director, Claire Jenkins resigns

Sports Direct has announced that Claire Jenkins has resigned with immediate effect from her position as a non-executive director of the company. According to the company’s website, Jenkins most recent role was as group director corporate affairs and a member of the executive leadership team, responsible for the company’s sustainability and...