Retail news
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JJB Sports founder sells up
- Posted:
- 11 June 2007 09:53
JJB Sports founder and executive director David Whelan has announced that he, his immediate family and related family trusts have disposed of their entire holding of 68,992,948 shares to Icelandic financial group Exista and Chris Ronnie, formerly of rival company Sports Direct. The sale, which represents 29% of the company, ...read more
adidas sales down 13% in first quarter
- Posted:
- 08 May 2007 09:31
A weak market in North America led to a decrease of 13% in pre-tax income for adidas in the first quarter. The company added that the decline in the group operating profit as well as increased net financial expenses contributed to this. However, first quarter currency neutral sales for the ...read more
Encouraging trading at JJB
- Posted:
- 12 April 2007 09:33
JJB Sports has reported a solid year’s trading, buoyed by the extra demand generated by the Fifa World Cup. In the 52 weeks to January 28th, the sports retailer saw an 8.7% increase in revenue, operating profit up a whopping 28.1% and pre-tax profits rising by 28.8%. The latter two ...read more
Reebok adds a kick to adidas sales
- Posted:
- 07 March 2007 09:51
adidas Group has announced its full year results for 2006, including a rise in sales of 53% on a currency-neutral basis, supported by the consolidation of Reebok. Group revenues grew 52%, exceeding the €10 billion level for the first time in the group’s history. Group sales excluding Reebok rose 14%, ...read more
JJB in takeover speculation as sales rise
- Posted:
- 10 January 2007 09:35
It has been reported that private equity firm Permira is to offer over £500 million for JJB sports. According to the speculation, a replacement is being sought for the company’s chairman and founder Dave Whelan who would leave should the acquisition be completed. This report is the latest in a ...read more
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