×
2 256
Fashion Jobs
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cambridge - 21 Hours - Part Time - Permanent
Permanent · Cambridge
ESTEE LAUDER
Clinique - Consultant - Boots, Horsham - 13 Hours - Part Time, Permanent
Permanent · Horsham
ESTEE LAUDER
Clinique - Consultant - Boots, Crawley - 13 Hours - Part Time, Permanent
Permanent · Crawley
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford Street - 22.5 Hours - Part Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots-Hampton, Peterborough - 11 Hours - Part Time, Permanent
Permanent · Peterborough
ESTEE LAUDER
Clinique - Consultant - Heathrow, Terminal 4 - 18 Hours / 3 Days - Part-Time, Permanent
Permanent · Longford
ESTEE LAUDER
Clinique - Consultant - Boots, Ballymena - 9.5 Hours / Week - Part Time, Permanent
Permanent · Ballymena
ESTEE LAUDER
Mac Cosmetics -Media And Advertising Manager
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Manchester, Handforth - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Lisburn - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Lisburn
ESTEE LAUDER
Clinique - Consultant - John Lewis, Oxford Street - 37.5 Hours - Full Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots - Fosse Park, Leicester - 28 Hours / Week - Part Time, Permanent
Permanent · Leicester
ESTEE LAUDER
Clinique - Consultant - Boots, Aylesbury - 30 Hours - Full-Time, Permanent
Permanent · Aylesbury
ESTEE LAUDER
Estée Lauder Companies Multi-Brand - Clinique & Origins Consultant - House of Fraser, Manchester - 14.25 Hours / Week - Part Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - Boots, Horsham - 35 Hours - Full Time, Permanent
Permanent · Horsham
ESTEE LAUDER
Clinique - Consultant - Boots, Livingston - 15 Hours - Part-Time - Permanent
Permanent · Livingston
VIVIENNE WESTWOOD
Buying Admin Assistant
Permanent · LONDON
STELLA MCCARTNEY
Treasury Analyst
Permanent · LONDON
STELLA MCCARTNEY
Business Intelligence Analyst
Permanent · LONDON
Ads
By
Reuters
Published
Feb 22, 2010
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sports Direct plans to oppose Blacks' fundraising

By
Reuters
Published
Feb 22, 2010

LONDON, Feb 22 (Reuters) - British sportswear retailer Sports Direct (SPD.L) plans to oppose a fundraising by outdoor goods chain Blacks Leisure (BSLA.L), if it can resolve a dispute over the ownership of shares in Blacks and another rival retailer.


The Aston Villa Home Kit 2009/2010 at Sports Direct - Photo: www.sportsdirect.com

Sports Direct, controlled by Newcastle United soccer club owner Mike Ashley, is in a dispute with collapsed bank Kaupthing Singer & Friedlander Ltd (KSF) and its administrator Ernst & Young over the ownership of shares in Blacks and JD Sports Fashion Plc (JD.L).

Sports Direct said on Monday 22 February it proposed to resolve the dispute by acquiring any interest held by KSF in 12.15 million shares in Blacks and 5.78 million shares in JD.

It did not say how much it was proposing to pay to end the row, which covers stakes of over 20 percent in Blacks and over 10 percent in JD, according to Reuters data.

"If such rights in the shares are acquired, (Sports Direct) currently intends to vote against the resolutions proposed by Blacks at its general meeting convened for 24 February," Sports Direct said in a statement.

Blacks, which runs the Blacks Outdoor and Millets chains, is holding the meeting to vote on its plans to raise 22 million pounds in a placing and open offer of shares. It is hoping to raise the money to accelerate a recovery plan.

Britain's sporting goods retailers have a history of holding strategic stakes in one another, with Sports Direct among the most active investors in its rivals.

Sports Direct had no further comment, while Blacks and Ernst & Young were not immediately available for comment. (Reporting by Mark Potter; Editing by David Holmes)

© Thomson Reuters 2022 All rights reserved.