UK: JD Rejects Pentland's Mandatory Takeover Bid
Sportwear company JD Sports says its independent directors have cast off a takeover offer by shareholder the Pentland Group.
Pentland - a branded clothing supplier - launched the mandatory bid for the remaining shares in JD Sports after signing a deal to buy £21.1 million worth of company shares from its founders John Wardle and David Makin.
Pentland has emphasised that it has no yearning to take over the business.
- Under Armour Lighthouse will disrupt production
- Will new Vietnam wage hinder competitiveness?
- Digitisation to drive new apparel-making models
- How TAL Apparel is staying ahead of the game
- Ethiopia violence undermines sourcing strategies
- Marks & Spencer top for modern slavery reporting
- Bangladesh garment workers rally for higher wages
- MAS Holdings shares commitment to sustainability
- Gap to shutter all UK Banana Republic stores
- H&M CEO named sustainability leader
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020