After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, late on Monday both companies issued statements defending their plans. See catwalkVersace – Spring-Summer2024 – Womenswear – Italie – Milan – © Launchmetrics Tapestry, which owns Coach, Kate Spade and Stuart Weitzman, said: “There is no … Read more
Struggling womenswear retailer Quiz announced some big changes on Thursday following a strategic review, with its CEO stepping down, its commercial chief stepping up and its Chairman taking a more active role. Quiz Non-Executive Chairman Peter Cowgill (formerly of JD Sports) has been leading the review since December as the firm works to “deliver a … Read more
JD Sports Fashion showed on Thursday how even the strongest companies can face tough times with an update for the 53 weeks to 3 February (FY24) showing tepid sales growth in some areas, and especially in Q4. Total sales were £10.5 billion, up 3.6% on the previous year, although this included a negative 6.2% impact … Read more
Footasylum Executive Chair and CEO Barry Bown has handed over control of the sports and streetwear business to David Pujolar who has just joined as CEO. Footasylum Bown has stepped down from his post at the helm of the business to take up a consultancy role with Aurelius, Footasylum’s owner. He’d originally joined the company … Read more
Footasylum appears to be striding forwards strongly, bouncing back from a tough time last decade and the competition authority-driven uncertainty over who should own the brand. Footasylum In the end, JD Sports was prevented from absorbing it into its empire and Aurelius has owned it since 2022, during which time it has been investing in … Read more
Focus Brands, the distributor that handles Ellesse, Nautica, Yogi, Peter Werth, Patrick, Farah Footwear and Avirex, has been sold by JD Sports, which had bought control of the firm in 2011 after initially buying a minority stake in 2007. ellesse x Keith Haring JD Sports has been selling off non-core assets as it concentrates on … Read more
Fallen star JD sports saw as much as £1.8 billion being wiped off its market value this week as shareholders rushed to sell their shares on the back of the company’s profit warning. At one point on Thursday, the shares that are traded on the London Stock Exchange were down almost 24% although they ended … Read more
Frasers Group’s results for the half year to the end of October showed a number of sales and profit increases, but some falls too. And while the rises were admittedly not generally large, in the current environment they show that the company remains one of the winners in UK retail as well as internationally. Sports … Read more
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