It was a mix of the good and the bad as Sports Direct delivered its results on Thursday with the global retail giant clearly still a work-in-progress that's advancing in some areas, but also seeing a profits drop.
Sports Direct now owns 27% of beleaguered fashion retailer French Connection with the stake making it the second largest shareholder in the firm and just 3% below the threshold at which it must launch a takeover bid.
Sports Direct saw its profits taking a dive last year and currency effects are hitting margins hard. But new-gen stores, a deal with Asics and strong premium lifestyle and licensing ops give it reasons to be cheerful
Investors in struggling French Connection are voicing fresh criticism of its boss Stephen Marks. Their complaints come after the board confirmed him in his dual CEO/chairman’s role on a show of hands at last week’s AGM.
Sports Direct said late on Thursday that it has taken strategic stakes in US-based businesses Iconix and Finish Line as it seeks to "hopefully build a relationship and develop commercial partnerships".
British sportswear retailer Sports Direct has entered the U.S. market by buying 50 stores trading as Bob's Stores and Eastern Mountain Sports at a cost of $101 million (£78.94 million), in a move criticised by analysts.
Italian gentleman’s tailoring specialist Brioni – the brand that has dressed James Bond and Oscars winners - has named Fabrizio Malverdi to be its new CEO, turning to a highly experienced fellow Italian at a complicat...