Sports Direct, Britain's biggest sporting goods retailer, said it has purchased majority stakes in two companies controlled by Tom Hunter, dipping its toe in the premium and luxury sector of the market.
JJB Sports, the struggling British retailer rescued by a deal with landlords in March, said its full-year loss ballooned to 181 million pounds ($293 million) and it could take five years to fix the business.
Sports retailer Sports Direct is tackling its development in Europe with a strategic recruitment plan by naming Charlie McCreevy, former European Commissioner and Irish politician, as non-executive director.
The UK sports clothing and footwear market is expected to grow by approximately 8.6% by 2015, amounting to 4.89 billion pounds. Meanwhile, talks about a merger between JD Sports and JJB Sports could create a direct co...
Sports Direct, Britain's biggest sporting goods retailer, said none of its employees were under investigation by the Serious Fraud Office as it detailed a 220 million pounds ($355.2 million) refinancing.