JJB raises £31.5m in life-saving share sale February 21, 2011 Struggling sportswear retailer JJB Sports has raised £31.5m in a share sale that represents an essential first step towards survival. The firm, in which America’s richest man Bill Gates holds a stake of about 5.5 per cent, said on Monday the cash was raised in a firm placing and a placing and open offer of [...]
JJB Sports to fight for new rent proposal February 13, 2011 JJB SPORTS was heading for a battle with its landlords and other retailers after confirming its company voluntary agreement (CVA) is to include the renegotiation of two-fifths of its rent payments. The company has warned its biggest landlords, including British Land, Henderson and Prudential, that if its terms for discount rent and tenancy breaks for [...]
JD in talks to buy troubled retailer JJB February 2, 2011 JD Sports is in talks to buy troubled retailer JJB Sports, sending shares in the Wigan-based firm soaring 17 per cent. The news comes as JJB confirmed it will raise £31.5m from shareholders through the placement of 630m new shares, with sources close to the firm warning it may need further help within weeks. The [...]
JD Sports on takeover talks for JJB February 2, 2011 Sportswear retailer JD Sports Fashion has approached its struggling rival JJB Sports about a possible takeover offer, the two companies said. JD Sports said it was in “early stage” discussions with JJB’s board, while JJB Sports described the talks as “highly preliminary.” Both companies said there was no certainty an offer would be made by [...]
Sport chains mull merger February 1, 2011 CASH-strapped sports retailer JJB Sports is in takeover talks with its rival, JD Sports Fashion, the companies confirmed yesterday. JJB, which plans to raise an emergency £31.5m from investors, and its far more successful competitor said merger discussions had started but there was no certainty of a deal. If combined, the two chains would create [...]
JD Sports eyes acquisitions September 21, 2010 Clothing and footwear retailer JD Sports Fashion said it would consider buying distressed brands or companies both in the UK and overseas as it posted a 37 per cent rise in first-half profit. “The financial pressures that certain brands or companies in the sector are suffering provides potential opportunity,” executive chairman Peter Cowgill said. Italy, [...]
JD Sports in World Cup profit surge September 21, 2010 JD Sports Fashion posted a 36.5 per cent rise in first-half profit, boosted by the World Cup, and said trading in the second half had got off to a solid start. The clothing and footwear group, which trades as JD Sports, Chausport, Size, Bank and Scotts from over 530 stores, made an underlying pretax profit [...]
Thomas Cook in meter deal August 17, 2010 Bglobal, the smart metering and energy data firm, has signed a contract with travel firm Thomas Cook. It will install 800 electricity smart meters and provide associated data services across Thomas Cook UK’s stores. Bglobal’s other retail clients include JD Sports Fashion, Schuh and Superdrug.
Barrick Gold joins the FTSE 100 June 9, 2010 THE updated FTSE 100 list was announced last night, with African firm Barrick Gold and Indian oil and gas giant Essar Energy both muscling into the big time. The London Stock Exchange and embattled holiday group Thomas Cook both took the plunge into the FTSE 250. The additions to the list makes the FTSE 100 [...]
JD Sports sales rise thanks to the World Cup June 9, 2010 JD Sports said yesterday its sales have received a lift in the build up to the World Cup in South Africa. In the 18 weeks from 31 January to 5 June, like-for-like sales rose 4.1 per cent. That was up from the two per cent increase reported after the first 10 weeks of the period. [...]