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 [...]
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 [...]