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In March 2004, Sports Direct acquired outdoor gear manufacturer Karrimor for a reported £5 million. [54] In August 2005, Sports Direct took a £9 million stake and signed a lucrative long-term deal in with troubled brand Umbro, [55] which was subsequently sold to Nike. [56] [57] In 2006, Sports Direct acquired Kangol for an estimated £12 ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 December 2024. British entrepreneur (born 1964) Mike Ashley Ashley in 2023 Born Michael James Wallace Ashley (1964-09-09) 9 September 1964 (age 60) Walsall, Staffordshire, England Occupation Businessman Years active 1980–present Title CEO of Sports Direct (1982–2018) Newcastle United owner (2007 ...
In February 2016, Findel sold its online sports retailing business, Kitbag, to the leading US provider of licensed sports apparel and merchandise, Fanatics, Inc., a snub to Mike Ashley & Sports Direct who had expressed interest in the brand. Sports Direct acquired an 18.9% share in Findel but was unsuccessful in appointing a director. [9]
Karrimor is a British brand of backpacks, outdoor and sports equipment, and clothing.. The company was founded as the Karrimor Bag Company in 1946. Financial difficulties beginning in the late 1990s led to the company entering receivership in March 2003, after which the trademark was acquired by Sports Direct and is now used for various budget outdoor and running products.
The company entered administration in 2012 and is now owned by JD Sports Fashion plc. JD made a cash offer of £20 million for the majority of the retailer's 300 UK stores and said it will retain the majority of Blacks' 3,500 staff. [1] Since the acquisition by JD Sports, Blacks head offices have been relocated to JD's head offices in Bury.
On 13 January 2014 4.6% of Debenhams shares were bought by Sports Direct, the retailer run by Mike Ashley. The stock market purchase of 56.8 million shares (worth around £46m) was made without the prior knowledge of the Debenhams board. Sports Direct stated at the time it intends to be a supportive share holder.
Pentland Group is a British privately held global company that owns and invests in, primarily, retail and wholesale businesses in the sports, outdoor and sports fashion sectors. The Group is the majority shareholder of JD Sports , which operates 2,420 stores across 19 territories.
The company currently has 50+ locations open in the United Kingdom. In 1976, Neil Prosser founded Flannels. He remained the managing director until the brand was acquired by Frasers Group (formerly Sports Direct International) in 2017. [6]