JD Sports agrees multi-million pound exit terms with former boss Peter Cowgill September 21, 2022 Former JD Sports’ boss Peter Cowgill is set to receive £5.5m after making his departure from the sportswear retailer. After decades at the helm of the London-listed firm, Cowgill stepped down following several brushes with the competition watchdog. Now, JD Sports has said it has agreed exit terms with Cowgill, including a £3.5m payment over [...]
JD Sports appoints former B&Q exec as CEO August 2, 2022 JD Sports has named former B&Q executive Régis Schultz as new CEO, as the sportswear retailer hopes to put a slew of negative headlines behind it. Schultz is anticipated to join the London-listed retailer in September, with interim boss Kath Smith to resume her former role as a senior independent director on the board. He [...]
JD Sports sells Footasylum to private equity firm after watchdog crackdown August 1, 2022 Trainer seller JD Sports has inked a deal to hand over Footasylum to Aurelius Group for £37.5m, following competition concerns. In recent weeks, JD Sports had been rumoured to be in talks with the German private equity group about selling the high street brand, which it attempted to takeover in 2019. JD said the sale [...]
Kit hits the fan: Retailers running out of England Women’s shirts ahead of Euros final July 28, 2022 Retailers are running out of England Women’s football shirts ahead of the Lionesses’ Euro final against Germany on Sunday. The official England online store, kit maker Nike’s website and a host of high street retailers had sold out of all but extra-small women’s home shirts, which are priced at £75, on Thursday. “We have seen [...]
JD Sports set to announce former B&Q executive as new CEO July 26, 2022 A former boss at B&Q is being touted to take the reins at JD Sports Fashion to replace the brand’s long-term CEO who stepped down over board disagreements. Frenchman Regis Schultz is set to take over at the sportswear fashion giant according to Sky News’ Mark Kleinman. City sources said the agreement could be signed [...]
JD Sports talks Footasylum sale with Aurelius Group amid watchdog order July 20, 2022 FTSE 100 retailer JD Sports Fashion is looking to sell up its Footasylum chain to the Aurelius Group following months of talks with the UK competition watchdog.
JD Sports hires former Morrisons chair Andrew Higginson to fill the boots of Peter Cowgill after 18 years at the helm July 8, 2022 JD Sports has hired Andrew Higginson to help fill the boots of Peter Cowgill as the sportswear retailer’s new chair. Mr Cowgill stepped down from JD Sports in May after 18 year as the company’s executive chairman. The resignation came after the company was fined £4.3 million by the competition watchdog for exchanging information with [...]
Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands June 23, 2022 Even though people often associate the financial world with black suits, statistics, and little in the way of style, trading does have its fashionable side. Specifically, fashion stocks. From high-end brands such as Christian Dior and Ralph Lauren to high-street labels like Gap and Zara, retail shares are firmly on investors’ radar recently. Only yesterday, [...]
FTSE 100 brushes off Prime Minister’s no confidence vote June 7, 2022 The FTSE 100 opened flat on Tuesday as investors were largely unaffected by the Prime Minister narrowly dodging a vote of no confidence last night. The capital’s premier index was mostly unchanged at 7,610 points on opening on Tuesday. Tory MPs voted by 211 to 148 in support of the Prime Minister as part of [...]
JD Sports prepares for £2m bill after watchdog finds it broke law by fixing Rangers FC merch prices June 7, 2022 JD Sports may face a hefty penalty after the competition watchdog found it broke rules by fixing retail prices of some Rangers Football Club branded clothes. The Competition and Markets Authority (CMA) said it had provisionally found that Elite Sports and JD Sports fixed the retail prices of a number of Rangers-branded replica kits and [...]