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Michelle Russell

Frasers Group divests French Connection stake

9 February 2021 | Michelle Russell

Frasers Group, the owner of brands including House of Fraser, Sports Direct and Flannels, has sold its 24.93% stake in fashion brand French Connection.... read more


JD Sports share placing adds firepower for more M&A

4 February 2021 | Michelle Russell

Sports retail giant JD Sports has raised GBP464m (US$634m) in its latest share placing to support future acquisition opportunities.... read more


JD Sports on acquisition spree with DTLR Villa buy

1 February 2021 | Michelle Russell

JD Sports Fashion Plc has made its third acquisition in just over a month with the purchase of US athletic footwear and apparel streetwear retailer DTLR Villa.... read more


Debenhams to begin wind-down of UK operations

1 December 2020 | Michelle Russell

UK department store chain Debenhams is to begin a wind-down of its operations after JD Sports Fashion, Britain's largest sportswear retailer, ended rescue talks this week and administrators failed to find an alternative buyer for the business.... read more


Frasers Group ups stake in Mulberry to near 30%

4 November 2020 | Michelle Russell

Frasers Group, the owner of Sports Direct, Jack Wills and the House of Fraser brands, has significantly increased its investment in premium fashion brand Mulberry.... read more


Pentland Brands appoints new CEO in management reshuffle

9 September 2020 | Michelle Russell

Pentland Brands has made a number of management changes, including the appointment of Chirag Patel as chief executive officer.... read more


Weak footfall and shift to online weighs on JD Sports H1

8 September 2020 | Michelle Russell

JD Sports saw both earnings and sales slide in its first half as weak footfall and additional costs associated with a shift in revenues to online channels during temporary store closures weighed on results.... read more


JD Sports fined over breach of order in Footasylum case

5 August 2020 | Michelle Russell

JD Sports Fashion and its largest shareholder Pentland Group have been fined by the UK Competition & Markets Authority (CMA) for breaching an order related to its acquisition of Footasylum.... read more


JD Sports grows FY profits but warns on future viability

7 July 2020 | Michelle Russell

JD Sports Fashion Plc saw earnings and sales grow in its last financial year but has warned the future viability of the business is uncertain due to the pandemic and has called for "realism" on rents and leases as the coronavirus continues to impact trading.... read more


Frasers Group buys 5% stake in Hugo Boss

15 June 2020 | Michelle Russell

Frasers Group, formerly known as Sports Direct International, has bought a 5.1% stake in German luxury fashion brand Hugo Boss.... read more


JD Sports slams Footasylum merger findings as "flawed"

11 February 2020 | Michelle Russell

JD Sports says the provisional findings of the UK competition watchdog's probe into its acquisition of rival Footasylum are "fundamentally flawed" and demonstrate "a complete misunderstanding" of the market.... read more


Pentland Brands strengthens Berghaus product team

18 December 2019 | Michelle Russell

Pentland Brands has appointed former Nike and Columbia Sportswear executive Paul Anderton as head of category for product innovation for the Berghaus brand.... read more


Sports Direct International to rebrand as Frasers Group

26 November 2019 | Michelle Russell

UK-based retail business Sports Direct International, which bought the House of Fraser department store chain last year, is to rebrand as the Frasers Group Plc to reflect its changing focus as a lifestyle and luxury retailer.... read more


Sports Direct calls for sportswear industry probe

15 October 2019 | Michelle Russell

UK-based retail business Sports Direct has called for a UK and Europe-wide probe into the sportswear industry amid complaints about the dominance of global players Adidas and Nike.... read more


Sports Direct denies Debenhams takeover reports

13 September 2018 | Michelle Russell

House of Fraser's new owner Sports Direct has been forced to issue a statement denying reports it intends to make a takeover offer for struggling British department store group Debenhams.... read more


House of Fraser cancels online orders amid dispute

17 August 2018 | Michelle Russell

UK department store retailer House of Fraser is cancelling all online orders and refunding customers following a reported dispute with its warehouse operator.... read more


House of Fraser silent over "rescue talks"

31 July 2018 | Michelle Russell

Struggling UK department store retailer House of Fraser has declined to comment on reports it is in talks with Sports Direct owner Mike Ashley over a GBP50m (US$65.8m) rescue deal.... read more


Debenhams weighs on Sports Direct FY earnings

19 July 2018 | Michelle Russell

Sports Direct saw earnings slump by nearly three-quarters in its last fiscal year as the UK high street sportswear chain took a hit on the value of its stake in Debenhams.... read more


JD Sports ups guidance on strong sales growth

16 January 2018 | Michelle Russell

UK retailer JD Sports Fashion has upped its full-year guidance on the back of positive second-half sales and continued momentum in its international business.... read more


Sports Direct prepares to launch new retail chain

2 November 2017 | Michelle Russell

UK high street sportswear chain Sports Direct, owned by business tycoon Mike Ashley, is developing a new retail chain selling a range of products from fashion and homeware to DIY and electrics.... read more


Finish Line shares soar on takeover talks

29 September 2017 | Michelle Russell

Shares in athletic footwear chain Finish Line have soared on news it is in sale talks with a Europe-based retailer.... read more


Sports Direct raises stake in Debenhams to over 21%

22 August 2017 | Michelle Russell

UK sportswear retailer Sports Direct International has once again increased its stake in British department store group Debenhams in the latest of a series made since 2014.... read more


Sports Direct appoints CFO as FY profits more than halve

20 July 2017 | Michelle Russell

Sports Direct International has appointed a new finance chief as the UK sportswear retailer revealed profits more than halved in its last financial year – its lowest for six years – on the back of sterling weakness.... read more


Pentland Brands FY boosted by sports brands

17 July 2017 | Michelle Russell

Pentland Brands, owner of the Berghaus, Speedo and Ellesse labels, achieved record performances for a number of its sports brands in its last fiscal year despite challenging global market conditions.... read more


Sports Direct continues to up stake in Debenhams

9 May 2017 | Michelle Russell

UK sportswear retailer Sports Direct International has once again increased its stake in British department store group Debenhams in the latest of a series made since 2014.... read more


Sports Direct grows US presence with Eastern Outfitters buy

24 April 2017 | Michelle Russell

Sports Direct International is looking to grow is presence in the US with the acquisition of two US retail chains, Bob's Stores and Eastern Mountain Sports.... read more


Sports Direct ups stake in Debenhams to 16%

3 April 2017 | Michelle Russell

UK sportswear retailer Sports Direct International has increased its stake in British department store group Debenhams.... read more


JD Sports to merge Iberian business with Sport Zone

9 March 2017 | Michelle Russell

UK retailer JD Sports Fashion is looking to expand its business in Europe after signing an agreement to merge its existing divisions in Spain and Portugal with the Sport Zone business of retailer Sonae SGPS SA.... read more


JD Sports snaps up distribution firm 2Squared Agency

24 January 2017 | Michelle Russell

UK retailer JD Sports Fashion has confirmed its acquisition of Manchester-based sales and distribution company 2Squared Agency.... read more


JD Sports says FY profit to exceed expecations

12 January 2017 | Michelle Russell

UK retailer JD Sports Fashion says positive trading has continued throughout the second half of its financial year and that it expects full-year earnings to exceed expectations by up to 15%.... read more


JD Sports refutes warehouse worker investigation claims

14 December 2016 | Michelle Russell

JD Sports has hit back at claims by a Channel Four television investigation that the UK retailer is employing warehouse staff in conditions "worse than a prison," and that it operates a "three strikes and you're sacked" policy.... read more


Sports Direct issues caution as H1 earnings tumble 

8 December 2016 | Michelle Russell

UK retailer Sports Direct has issued a warning for the year ahead after booking a drop in first-half earnings as a result of property investment costs and a reduction in assets.... read more


JD Sports shares rise on Go Outdoors acquisition

28 November 2016 | Michelle Russell

Shares in JD Sports were up 3% this morning (28 November) on news the UK-based sports, fashion and outdoor brand retailer has acquired rival Go Outdoors in a deal worth GBP112m (US$139.2m). ... read more


Sports Direct acting CFO the latest to step down

13 October 2016 | Michelle Russell

Matt Pearson, the acting finance chief of Sports Direct, has become the second senior executive to resign in the last few months following the announcement of CEO Dave Forsey's departure just weeks ago. ... read more


JD Sports FY earnings nearly double amid expansion

14 April 2016 | Michelle Russell

UK retailer JD Sports saw its earnings nearly double last year, boosted by sales in its sports fashion division and continued expansion across Europe. ... read more


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