Frasers Group Plc

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Top stories on just-style this week... | 8 Feb 08

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

UK: Sports Direct targets China via £20m retail deal | 6 Feb 08

Sports Direct International is to sell its leasurewear brands in China after inking a GBP20m deal with domestic retailer ITAT Group Limited.

UK: Umbro shareholders accept $565m Nike offer | 31 Jan 08

The shareholders of UK football brand Umbro have voted in favour of a proposed GBP285 (US$565m) takeover offer from sporting goods giant Nike today (31 January).

UK: Sports Direct revisits Amer shares | 23 Jan 08

Sports Direct International has acquired a 4.96% stake in Amer Sports Corporation, just a few months after cashing in on 8.8m Amer shares when the share price was higher.

UK: Sports Direct "resilient" in tough market | 21 Jan 08

UK sporting goods retailer Sports Direct has predicted a worsening retail market in the UK over the next six months, but said it would still exceed full-year expectations.

UK: Office of Fair Trading OKs Nike-Umbro merger | 17 Jan 08

The UK's Office of Fair Trading (OFT) has cleared Nike's anticipated GBP285m (US$565m) acquisition of Umbro.

Top stories on just-style this year... | 21 Dec 07

Here is a list of the top ten stories published on just-style during the past year. To read the stories in full, please click on the headlines.

UK: Sports Direct first-half profits slump by 35% | 19 Dec 07

Sporting goods chain Sports Direct saw profits fall 35.2% to GBP52.0m (US$104.3m) in the first half, attributed to weaker UK retail sales caused by unprecedented weather conditions.

UK: JJB buys Original Shoe in GBP5m deal | 18 Dec 07

Retailer JJB Sports is aiming to tap into the aspirational lifestyle end of the UK clothing and footwear market with its acquisition of the Original Shoe Company.

UK: Ashley to become executive chairman at Sports Direct? | 18 Dec 07

Sporting Goods retailer Sports Direct may appoint founder Mike Ashley to the position of executive chairman, it has been reported.

UK: Ashley accelerates Sports Direct share repurchase | 28 Nov 07

UK entrepreneur Mike Ashley is believed to be revving up the share repurchase of his Sport Direct International business amid speculation that he could be trying to take the retailer private again.

UK: Sports firms hit by England kit crisis | 22 Nov 07

Two of the UK's leading sportswear firms were left reeling this morning (22 November) as they woke up to the realisation that England would not be taking part in football's Euro 2008 tournament.

UK: Sports Direct sells GBP116.2m Amer stake | 9 Nov 07

Mike Ashley's Sports Direct chain has sold its 8.8m shares stake in Amer Sports Corp, which is listed on the Helsinki Stock Exchange, for EUR166.6m (GBP116.2m).

UK: Sports Direct ups Umbro stake to 29.9% | 31 Oct 07

Sports Direct has increased its stake in Nike target Umbro to 29.9% from 15%.

ANALYSIS: Has Nike struck gold with Umbro bid? | 25 Oct 07

Nike has high hopes for Umbro. The world’s leading sports brand targets football as a key growth category, and its US$582m bid for Umbro will undoubtedly shake up the sportswear sector. Joe Ayling looks at how the synergies between the two companies stack up.

UK: JJB Sports buys 10.12% of Umbro | 22 Oct 07

UK athleticwear retailer JJB Sports has purchased 10.12% of the issued share capital of football kit maker Umbro, which is itself rumoured to be a takeover target for Nike.

UK: Umbro confirms bid approach but Nike stays silent | 19 Oct 07

Leading UK soccer kit brand Umbro has confirmed it is the subject of a takeover approach, with rumours suggesting Nike is a likely buyer and that retailer Sports Direct is also in the picture.

UK: Umbro brings forward CFO appointment | 9 Oct 07

Umbro has brought forward by a month its appointment of Gary Brown, who became the company's CFO yesterday (8 October).

UK: Sports Direct completes Everlast acquisition | 21 Sep 07

UK discount retailer Sports Direct International has completed the acquisition of Everlast Worldwide for a consideration of approximately US$182.3m.

US: Everlast shareholders approve Sports Direct merger | 20 Sep 07

Shareholders in Everlast Worldwide have approved the $182m sale of the company to the Brands Holdings subsidiary of UK retailer Sports Direct.

UK: Sports Direct ups investments in Umbro and Adidas | 11 Sep 07

UK sportswear chain Sports Direct International has increased investments in two of the major brands it stocks, Adidas and Umbro, as it awaits shareholder approval for its Everlast merger later this month.

UK: Sports Direct hints at trading improvements | 10 Sep 07

Sports Direct International has indicated that it expects to make an interim gross profit despite the wet weather in the UK, and that it intends to build on its Everlast merger with more acquisitions.

UK: Sports Direct invests GBP48.15m in Adidas | 27 Jul 07

Sporting goods retailer Sports Direct has invested GBP48.15m (US$97.77m) on a stake in Adidas Group, two months after its founder Mike Ashley sold his own 3.14% stake in the German company.

UK: Sports Direct FY profit slumps 37.3% on flotation costs | 24 Jul 07

Sports Direct International’s pre-tax profit fell 37.3% last year as it was hit by a number of exceptional items related to its flotation in February, and current year trading is now being stifled by record wet weather conditions in the UK the company said today (24 July).

US: Hidary sues Everlast over rival Sports Direct bid | 13 Jul 07

Hidary Group brought a lawsuit against Everlast Worldwide in a Delaware court on Tuesday (10 July) seeking to force the boxing brand to honour its merger agreement with the investment group and accusing Everlast of failing to negotiate in good faith.

UK: Sports Direct buys 60% stake in Field & Trek | 12 Jul 07

Sports Direct International has bought a 60% stake in outdoor clothing and equipment retailer Field & Trek for GBP5m (US$10.2m).

US: Hidary may take legal action over Everlast bid | 5 Jul 07

Sports Direct International could face problems with its acquisition of US boxing brand Everlast Worldwide after rival bidder Hidary Group accused Everlast of violating the terms of their merger agreement.

US: Sports Direct ups Everlast bid to $182m | 2 Jul 07

Hidary Group attempted to get back in the bidding for Everlast Worldwide Friday (29 June), but Sports Direct International more than covered Hidary’s sweetened offer.

US: Sports Direct unit pays $168m for Everlast | 29 Jun 07

Everlast Worldwide has terminated its agreement to be acquired by an investment consortium headed by The Hidary Group for US$146m, and instead agreed to be acquired by Sports Direct International Plc’s Brands Holdings Ltd subsidiary for 15% more.

UK: Sports Direct buys EUR58.4m stake in Amer Sports | 8 Jun 07

Sports Direct International has bought a 4.9% stake in sports apparel and footwear maker Amer Sports.








just-style homepage

Forgot your password?