×
4 500
Fashion Jobs
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Stratford (Westfield)
Permanent · London
LEVI'S
Keyholder - 30 Hours Per Week
Permanent · Norwich
L'OREAL GROUP
Prada Beauty Deputy Business Manager, 1.0, Harrods London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Marks & Spencer - 15 Hours
Permanent · London
ESTÉE LAUDER
Clinique - Account Manager - Boots - 30 Hours
Permanent · Berkshire
ESTÉE LAUDER
Clinique - Consultant - John Lewis - 13 Hours
Permanent · High Wycombe
AESOP
Retail Consultant | Aesop Piccadilly Arcade, London | Full Time
Permanent · London
TK MAXX
Security And Loss Prevention Advisor
Permanent · Preston
TJX EUROPE
Brand & Marketing Administrator
Permanent · Grand Londres
TK MAXX
Loss Prevention Advisor - Glasgow And Surrounding Area - Full-Time- Permanent
Permanent · Glasgow
TK MAXX
Loss Prevention Officer - Permanent - 2 x pt 20hrs Bedford Town
Permanent · Bedfordshire
FARFETCH
Senior Performance Marketing Executive (DACH Region) – Affiliates And Growth Partner Marketing
Permanent · LONDON
RALPH LAUREN
Sales Professional
Permanent · London
RALPH LAUREN
Sales Professional
Permanent · London
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Shepherd’s Bush (Westfield)
Permanent · London
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Trafford
Permanent · Manchester
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Princesshay
Permanent · Exeter
MULBERRY
Warehouse Team Leader
Permanent · SHEPTON MALLET
MULBERRY
Senior Retail Operations Manager UK & Emea
Permanent · LONDON
H&M
Security Guard
Permanent · MILTON KEYNES
LOVISA
Regional Manager
Permanent ·
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · DENTON
Ads
Published
Apr 12, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

JD Sports succeeds with Footasylum offer, most shareholders agree to sell

Published
Apr 12, 2019

JD Sports has received enough shareholder support for its takeover offer for smaller peer Footasylum and has declared the offer “wholly unconditional” as a result. 


Most of Footaslyum 's shareholders have accepted the JD Sports offer - DR



That means Footasylum’s existence as an independent company will soon end, although it looks like the brand is set to live on with JD maintaining the chain as it targets a slightly different customer to the main JD Sports banner.

More than 90% of shareholders have accepted its 82.5p per share/£90.1 million offer made a little over a month ago, including Pentland, which held a 2.6% stake.

JD’s executive chairman Peter Cowgill said: “We are very pleased that this offer has been declared unconditional and look forward to welcoming the Footasylum team to our newly enlarged group. We believe the combination of these two complementary businesses will deliver significant operational and strategic benefits going forward.”

JD now intends to exercise its rights to compulsorily acquire the Footasylum Shares for which it hasn’t received acceptances. 

It brings to an end a relatively short period for Footasylum as a listed company. It floated on the Alternative Investment Market (the same market where Asos and Boohoo shares are listed) as recently as November 2017. 

And while it seemed to be a strong buy at first, recent tough trading has resulted in profit warnings and a share price plunge. Interest from JD this year helped the share price rise sharply in February, even though the company insisted that its initial 8.3% stake acquisition wouldn’t lead to a full takeover bid.

Copyright © 2023 FashionNetwork.com All rights reserved.