All Footasylum articles
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News briefsFootasylum CEO Bown transitions to consultancy role, Pujolar named successor
Barry Bown, CEO of Footasylum, is set to transition into a consultancy role with Aurelius, the company’s owner. Bown was CEO for nearly six years and during his tenure he saw significant growth, with the company’s revenue climbing by 7 percent to £320 million (approx. €374m) and Ebitda reaching an ...
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News briefsFootasylum’s annual sales and profits surge
British retailer Footasylum saw its sales and profits for the year to Jan. 27, 2024 surge, driven by store openings and the implementation of an omnichannel point-of-sale system. The retailer opened a 1,850-sqm flagship in London’s Oxford Street in September, among other openings. Revenues in the year rose by 7 ...
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Infographics & DataSportswear websites ranked by visitor age group
Which UK sportswear retailer website gets the most visits from Gen Z? What about Millennials? And which is the most popular sportswear retailer website for those over 65? Our infographic shows how online shopping tastes change with age.
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News briefsFootasylum adopts new retail concept in larger store
Footasylum, leading British retailer of branded fashion and footwear, has moved to a new and improved retail space at the Lakeside Shopping Center in England, where it previously occupied a space of around 300 sqm. The new 900-sqm space features a refreshed store concept that seeks to create a mobile-first ...
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News briefsJD Sports Fashion reaches deals with its former executive chairman
JD Sports Fashion says that it has come to an agreement with its former executive chairman, Peter Cogwill, whom it obliged to step down in May after an internal review of its management. The U.K.’s Competition and Markets Authority (CMA) had fined JD for the illicit disclosure of “commercially sensitive ...
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News briefsJD Sports Fashion divests Footasylum to Aurelius Group
JD Sports Fashion has exchanged contracts on July 29, 2022, to sell Footasylum Limited and its associated subsidiaries to Aurelius Group for £37.5 million (€44.7m). Aurelius is a pan-European private equity group with offices in Luxembourg, Munich, London, Stockholm, Madrid, Milan and Amsterdam and over 40 international portfolio companies. The ...
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News briefsJD Sports reportedly bows to CMA, talking to potential Footasylum buyer
U.K.-based JD Sports Fashion was in exclusive talks to sell Footasylum to German private equity investor Aurelius Group, a Sky News reporter said Wednesday in a tweet followed by an article on the Sky website. The negotiations are the result of a months-long dispute with the U.K.’s Competition and Markets ...
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ArticleJD Sports lifts annual guidance despite footwear shortages
Britain’s JD Sports Fashion raised its annual profit outlook, despite a global shortage of key footwear styles and indicated upbeat sales so far this year. The company said it now expected profit before tax and exceptional items for the year to January 29 to be about £940 million (€1.1bn) and ...
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News briefsJD raises its profit forecast
JD Sports Fashion indicated a few days ago that it expects to report pre-tax earnings of at least £900 million (€1,074m) for the financial year ended Jan. 29, up from previous guidance of £750 million given in September and £810 million on Jan. 12. On the other hand, the international ...
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ArticleJD gets fined while divesting Footasylum
JD Sports Fashion is questioning a fine of almost £5 million (€5.9m) imposed by the British anti-trust authority for “sharing of commercially sensitive information” with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. On the other hand, it confirmed that it will “continue to work constructively” ...
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ArticleUK anti-trust authority again blocks the JD Sports-Footasylum merger
The U.K.Competition and Markets Authority (CMA) issued a new verdict on Nov. 4 confirming its conclusion that JD Sports Fashion must divest Footasylum, the chain of sports fashion stores that it bought in May 2019, as it has resulted, or may be expected to result, in “a substantial lessening of ...
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New hurdles in JD’s takeover of Footasylum
Leaving the door open for other comments by Sept. 16 before making a final decision in October, the U.K. Competition and Markets Authority (CMA) restated on Sept. 2 its provisional ban on JD Sports Fashion’s already completed acquisition of the Footasylum, in spite of criticism expressed by the Competition Appeal ...
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News briefs
JD Sports’ acquisition of Footasylum faces another legal hurdle
JD Sports Fashion ’s battle to retain ownership of the British Footasylum chain is taking another turn, with the U.K.’s Competition and Markets Authority (CMA) “applying for permission” to appeal a recent judgement by the Competition Appeal Tribunal in the case, “after careful consideration.” JD had appealed to the ...
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News briefs
JD wins a round in the battle for Footasylum
JD Sports Fashion reports that the Competition Appeal Tribunal of the U.K. has “quashed” a decision by the Competition and Markets Authority (CMA) to forbid its acquisition of Footasylum , a British chain of more lifestyle-oriented sports fashion shops. As a result, the CMA will have to reconsider the ...
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News briefs
JD’s takeover of Footasylum is blocked
After a more in-depth review of JD Sports Fashion’s acquisition last year of the Footasylum chain in the U.K., Britain’s Competition and Markets Authority (CMA) announced on May 6 its decision to block it, arguing that it would lead to a “substantial lessening of competition nationally,” with higher prices and ...
