JD Sports attempts to calm investors about Cowgill exit as shares slump May 27, 2022 JD Sports made attempts to reassure investors yesterday after red flags were raised by the sudden departure of Peter Cowgill.
JD Sports’ chair steps down after City watchdog fine for covert car park meeting May 25, 2022 JD Sports’ executive chairman Peter Cowgill is to step down from his role with immediate effect, the sportswear brand has announced. The London-listed retailer said it had opted to accelerate a separation of the roles of chair and chief executive. Cowgill’s departure follows JD Sports and its rival Footasylum being slapped with fine worth almost [...]
JD Sports sales go up but group remains aware of headwinds May 12, 2022 Sports retailer JD Sports has announced an increase in sales but said it remained aware of market volatility and possible headwinds looming ahead. In the first 14 weeks ended 7 May, JD Sports’ revenues went up 5 per cent on the same period last year, as the group was left almost unscathed by a shortfall [...]
JD Sports appears to relinquish Footasylum in takeover battle with watchdog December 12, 2021 Footwear firm JD Sports seems likely to admit defeat in its clash with the country’s competition watchdog over its proposed takeover of a rival. JD Sports had been looking to buy rival footwear retailer Footasylum but has faced multiple obstacles from the Competition and Markets Authority (CMA). After a decision from the watchdog, JD was [...]
JD Sports defends Footasylum boss car park meeting as CMA investigates November 8, 2021 JD Sports has defended reports that its executive chairman met with Footasylum boss amid an ongoing competition watchdog review. The footwear giant’s executive chairman Peter Cowgill met with Footasylum chief Barry Bown, in a car park near Bury in Greater Manchester, this summer, in footage seen by the Sunday Times. JD Sports said in a [...]
JD Sports acquires Cosmos and moves into the Greek market October 22, 2021 JD Sports has acquired 80 per cent of Greek sport retailer Cosmos to expand its presence in Europe with a foothold in the Greek market. “This is another exciting acquisition for JD that further expands our presence in Europe,” said JD Sports’ executive chairman Peter Cowgill. “We welcome the highly experienced and knowledgeable Tsiknakis Family [...]
JD Sports first-half profit jumps after post-lockdown demand September 14, 2021 Sportswear retailer JD Sports Fashion has reported record earnings for the first half thanks to strong demand for sportswear. However, the company withheld its interim dividend and made the suggestion of a “larger full year dividend” instead. JD Sports said it had been limited by supply chain disruption, meaning it had struggled to meet demand [...]
Tripped up: Competition watchdog to block JD Sports merger with Footasylum September 2, 2021 JD Sports is “perplexed” and “disappointed” after the CMA announced a preliminary decision to block its planned purchase of Footasylum following an appeal. Kip Meek, chair of the group conducting the inquiry, said the deal “would see Footasylum bought by its closest competitor,” which could lead to a worse shopping experience for customers facing higher [...]
JD Sports director and remuneration chair Andrew Leslie ousted by shareholders July 1, 2021 JD Sports shareholders have ousted Andrew Leslie as a non-executive director at the retailer’s latest general meeting, but passed all resolutions relating to senior pay. In today’s annual meeting Leslie did not receive the required votes to maintain his position within the company, meaning JD Sports will now start looking for a successor. On the [...]
JD Sports raises profit outlook and announces board change July 1, 2021 Britain’s largest sportswear group raised its profit outlook for the full year to “no less than” £550m in a trading update today. JD Sports said sales in the immediate period after lockdown reopening had been “particularly encouraging”. Most of the fashion retailers 3,300 stores around the world are now open, bar some in the Asia [...]