British sports-fashion retail company
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JD Sports Fashion plc
, more commonly known as
JD Sports
or
JD
,
[2]
is a British sports-
fashion
retail company based in
Bury, Greater Manchester
, England. It is listed on the
London Stock Exchange
and is a constituent of the
FTSE 100 Index
.
Pentland Group
owns 55% of the company.
[3]
History
[
編輯
]
The company was established by John Wardle and David Makin (hence the name
JD
), trading from a single shop in
Bury, Greater Manchester
, in 1981.
[4]
The company opened a store in the
Arndale Centre
in
Manchester
in 1983.
[5]
Pentland Group
bought Wardle's and Makin's shares for £44.6M in May 2005,
[6]
so acquiring 45% of the business.
[7]
Acquisitions
[
編輯
]
Early acquisitions of stores included 209 stores with the acquisition of First Sport from
Blacks Leisure Group
in December 2001
[8]
and 70 stores from the administrators of Allsports in October 2005.
[5]
Subsequent acquisitions of businesses included:
- Bank Stores, which sold fashion clothing, for around £19M in December 2007
[9]
- Champion Sports for €19.6M in January 2011
[10]
- Blacks Leisure Group
out of administration for £20 million in January 2012
[11]
- the streetwear clothing brand, FLY53, in February 2012
[12]
- the brand
Tessuti
in 2016
[13]
- Cloggs, a shoe retailer, out of administration, in February 2013
[14]
- part ownership of the Leeds-based trainer retailer, The Hip Store, in May 2014
[15]
- Clothingsites.co.uk with its websites, Woodhouse Clothing
[16]
and Brown Bag Clothing
[17]
in September 2016
[18]
- Go Outdoors for £112 million in November 2016
[19]
- the US-based retailer,
Finish Line
for $558 million in March 2018
[20]
[21]
- the retailer, Footasylum, for £90 million in March 2019
[22]
- Shoe Palace for $325 million in December 2020
[23]
In addition, the company acquired the rugby heritage brands 'Canterbury' and '
Canterbury of New Zealand
' as well as 'The Duffer of St. George' and 'Kooga Rugby' brands.
[5]
International operations
[
編輯
]
The company acquired
Chausport
, which operated 75 small stores in France, in May 2009. It opened its first store in Malaysia in January 2016.
[24]
The company acquired an 80% stake in the Australian retailer Next Athleisure for A$6.6 million in late 2016.
[25]
This was followed by the opening of more stores in Australia in April 2017,
[26]
in South Korea in April 2018,
[27]
in Singapore in May 2018
[28]
and in Thailand in November 2018.
[29]
The company also acquired 80% of Cosmos Sport, based in
Crete
, in December 2021
[30]
and has launched a joint venture in Indonesia with a store due to open in 2022.
[31]
JD Sports is the official supplier and sponsor of numerous
association football
teams, players and associations. In August 2008, JD Sports announced sponsorship deals with
AFC Bournemouth
,
Charlton Athletic
,
Dundee United
,
Blackpool
,
Luton Town
&
Oldham Athletic
.
[32]
Controversies
[
編輯
]
Mistreatment of staff
[
編輯
]
The company has been the subject of accusations of mistreatment of its UK warehouse staff, with comparisons being made to Victorian "dark satanic mills" and "prison" conditions in 2016 and 2019.
[33]
[34]
[35]
Go Outdoors
[
編輯
]
The company pushed its subsidiary, Go Outdoors, into administration in June 2020
[36]
but then bought it back from administrators with the creditors losing much of their money.
[37]
Alleged breaches of competition law
[
編輯
]
The company along with
Leicester City
were placed under investigation by the
Competition and Markets Authority
(CMA) due to alleged breaches in competition law in September 2021. The investigation was in regards to anti-competitive agreements over the sale of club branded merchandise in the UK. Both JD Sports and
Leicester City
said they were 'fully cooperating' with the CMA.
[38]
[39]
[40]
[41]
Covert meetings between the CEOs of JD Sports and Footasylum
[
編輯
]
After the company acquired Footasylum in March 2019, the CMA carried out an investigation and then, on the basis that the company's ownership of Footasylum might limit competition, ordered the company to dispose of Footasylum.
[42]
The company and, its subsidiary, Footasylum, were fined a combined £4.7 million after the CEO of JD Sports, Peter Cowgill, allegedly met covertly with the CEO of Footasylum, Barry Bown, on two occasions in July and August 2021 in breach of an order from the CMA not to exchange commercially sensitive information without CMA consent. One of the meetings was alleged to have taken place in a car park in
Bury, Greater Manchester
.
[43]
[44]
[45]
References
[
編輯
]
- ↑
가
나
다
라
“Annual Report 2021”
(PDF)
. JD Sports
. 2022年 2月 14日에 確認함
.
- ↑
“New distribution warehouse, Rochdale”
. 2020年 2月 28日에 確認함
.
- ↑
“Pentland sells £177m stake in JD Sports”
. Drapers Online. 2019年 12月 12日
. 2022年 2月 14日에 確認함
.
- ↑
Stevenson, Rachel (2004年 7月 7日).
“JD Sports founder sells 11per cent stake to firm behind Speedo”
. 《The Daily Telegraph》 (London)
. 2020年 2月 28日에 確認함
.
- ↑
가
나
다
“History”
. 《jdplc.com》. 2012年 1月 28日에
原本 文書
에서 保存된 文書
. 2015年 3月 29日에 確認함
.
- ↑
“JD Sports founders sell out for £44.6m”
. London: Times Online. 2007年 11月 5日.
- ↑
Finch, Julia (2005年 5月 12日).
“JD Sports founders cash in and quit with £45m”
. 《
The Guardian
》. 2021年 11月 7日에
原本 文書
에서 保存된 文書
. 2022年 1月 7日에 確認함
.
- ↑
Beech, John; Chadwick, Simon (2006).
《The Marketing of Sport》
. Financial Times International. 375쪽.
ISBN
978-0273688266
.
- ↑
“John David Group makes a Bank statement”
. 《Yorkshire Post》. 2007年 12月 11日.
- ↑
“JD Sports set to acquire Champion Sports for €20m”
. Irish Examiner. 2011年 1月 26日
. 2020年 2月 28日에 確認함
.
- ↑
“Blacks Leisure sold for £20m while La Senza finds buyer”
. BBC News. 2012年 1月 9日
. 2020年 2月 28日에 確認함
.
- ↑
“JD Sports acquires FLY53”
. Insider Media Limited. 2012年 2月 15日
. 2020年 2月 28日에 確認함
.
- ↑
“JD's Tessuti deal spells the end for Cecil Gee”
. Drapers on line. 2012年 6月 16日
. 2020年 2月 28日에 確認함
.
- ↑
“JD Sports Fashion acquires Cloggs”
. Manchester Evening News. 2013年 2月 15日
. 2020年 2月 28日에 確認함
.
- ↑
Bearne, Suzanne (2014年 5月 13日).
“JD Sports Fashion invests in Leeds indie The Hip Store”
. 《Drapers》 (英語)
. 2022年 1月 16日에 確認함
.
- ↑
“Men's Designer Clothes, Shoes & Accessories | Woodhouse”
. Woodhouseclothing.com
. 2020年 10月 9日에 確認함
.
- ↑
“Brown Bag Clothing | Men's Cheap Designer Clothing”
. Bbclothing.co.uk. 2016年 1月 27日
. 2020年 10月 9日에 確認함
.
- ↑
“Final Results a€" Company Announcement”
. Markets.ft.com. 2017年 4月 11日
. 2020年 10月 9日에 確認함
.
- ↑
“Britain's JD Sports buys Go Outdoors for 112 million pounds”
. Reuters. 2016年 11月 28日
. 2017年 4月 22日에 確認함
.
- ↑
Al-Muslim, Aisha (2018年 3月 26日).
“UK Retailer JD Sports Fashion to Buy Finish Line for About $558 Million”
. 《Wall Street Journal》 (美國 英語).
ISSN
0099-9660
. 2018年 3月 27日에 確認함
.
- ↑
Costello, Miles (2018年 3月 26日).
“JD Sports hits the ground running with Finish Line takeover deal”
. 《The Times》 (英語).
ISSN
0140-0460
. 2011年 6月 12日에
原本 文書
에서 保存된 文書
. 2019年 11月 2日에 確認함
.
- ↑
“JD Sports expresses fury over CMA's final ruling to sell Footasylum”
. 《Retail Gazette》. 2021年 11月 4日
. 2022年 2月 16日에 確認함
.
- ↑
Reuters Staff (2020年 12月 15日).
“JD Sports buys Shoe Palace for $325 million to expand U.S. footprint”
. 《Reuters》 (英語)
. 2020年 12月 15日에 確認함
.
- ↑
Su, Reon (2016年 1月 28日).
“JD Sports Fashion opens its first Malaysian outlet”
. 《MAXIT》. 2016年 2月 15日에
原本 文書
에서 保存된 文書
. 2019年 1月 16日에 確認함
.
- ↑
Dagge, John (2018年 7月 6日).
“
'
King of trainers' JD Sports eye Perth market”
. 《The West Australian》 (英語). 2019年 1月 16日에
原本 文書
에서 保存된 文書
. 2019年 1月 16日에 確認함
.
- ↑
Powell, Dominic (2017年 4月 26日).
“JD Sports looks to unlock "athleisure" niche with Aussie store launch tomorrow”
. 《SmartCompany》. 2019年 1月 16日에
原本 文書
에서 保存된 文書
. 2019年 1月 16日에 確認함
.
- ↑
“JD Sports to open first store in South Korea”
. 2018年 3月 26日.
- ↑
Tan, Dylan (2018年 5月 30日).
“Sneakerheads rejoice, Singapore will have not one but two JD outlets with the first already opened in Jurong”
. 《Business Insider Singapore》. 2019年 1月 16日에
原本 文書
에서 保存된 文書
. 2019年 1月 16日에 確認함
.
- ↑
“JD Sports to open first store in Thailand at Iconsiam”
. 《The Nation》. 2018年 10月 17日. 2018年 10月 17日에
原本 文書
에서 保存된 文書
. 2019年 1月 16日에 確認함
.
- ↑
Riaz, Saleha (2021年 10月 22日).
“JD Sports buys 80% stake in Greece's Cosmos Sports”
. 《Yahoo Finance》.
- ↑
“Erajaya Active Lifestyle Announces A Joint Venture with JD Sports Fashion plc”
. 《Erajaya Active Lifestyle Announces A Joint Venture with JD Sports Fashion plc》 (美國 英語)
. 2021年 8月 26日에 確認함
.
- ↑
“Oldham Athletic announce JD Sports Carbrini sponsor deal”
. Football Shirt Culture. 2008年 8月 6日
. 2022年 2月 14日에 確認함
.
- ↑
“
'
Prison' conditions at JD Sports: undercover investigation”
. 《Channel 4 News》. 2016年 12月 14日
. 2020年 2月 28日에 確認함
.
- ↑
“JD Sports and Asos warehouses like 'dark satanic mills
'
”
. 《BBC》. 2019年 5月 7日
. 2020年 2月 28日에 確認함
.
- ↑
“JD Sports and Asos warehouses compared to 'dark satanic mills' amid concerns over working conditions”
. 《The Independent》. 2019年 5月 9日
. 2020年 2月 28日에 確認함
.
- ↑
“JD Sports' Go Outdoors brand likely to enter administration in days”
. 《The Guardian》. 2020年 6月 21日
. 2020年 6月 22日에 確認함
.
- ↑
“JD Sports buys back Go Outdoors after pushing it into administration”
. Sky News. 2020年 6月 23日
. 2021年 2月 25日에 確認함
.
- ↑
“Suspected anti-competitive behaviour in relation to the sale of Leicester City FC-branded products and merchandise”
. 《Competition and Markets Authority》. 2021年 9月 30日
. 2021年 10月 1日에 確認함
.
- ↑
“Leicester City and JD Sports merchandise probe”
. 《BBC》. 2021年 9月 30日
. 2021年 10月 1日에 確認함
.
- ↑
Saker-Clarke, Henry (2021年 9月 30日).
“Watchdog launches probe into Leicester City and JD Sports over merchandise”
. 《Independent》
. 2021年 10月 1日에 確認함
.
- ↑
Hardy, Matt (2021年 9月 30日).
“Leicester City and JD Sports probed by watchdog over merchandise”
. 《City AM》
. 2021年 10月 1日에 確認함
.
- ↑
“JD Sports close to losing ownership of Footasylum”
. 《Retail Gazette》. 2021年 12月 13日
. 2022年 2月 15日에 確認함
.
- ↑
“Britain fines JD Sports, Footasylum as CEO meetings breach order”
. 《Reuters》. 2022年 2月 14日
. 2022年 2月 15日에 確認함
.
- ↑
“JD Sports and Footasylum fined £4.7m for secret meetings”
. 《Sky News》. 2022年 2月 14日
. 2022年 2月 15日에 確認함
.
- ↑
“JD Sports and Footasylum fined £5m for breaching CMA order after covert car park meeting”
. 《Retail Gazette》. 2022年 2月 14日
. 2022年 2月 15日에 確認함
.
External links
[
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]
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