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JD Sports offloads Footasylum for £37.5m

Retailer JD Sports Fashion has agreed a deal to sell Footasylum for £37.5 million after being ordered to offload the footwear firm by the UK’s competition watchdog. The sportswear group – which owns Tessuti and Go Outdoors – will sell Footasylum to ...

01 Aug 2022 at 12:04

City

JD Sports posts record profits but warns economic woes will hold back growth

Scandal-hit retailer JD Sports Fashion has unveiled a record £947.2 million annual profit haul, but warned that earnings will remain flat in the current financial year amid the cost-of-living crisis. The group, whose long-term boss, Peter Cowgill, ...

22 Jun 2022 at 12:08

City

JD Sports delays results to give auditors time to assess Footasylum sell-off

JD Sports’ full-year results will be delayed to allow auditors more time to comb through the impact an enforced sell-off of Footasylum will have on the business. The Competition and Markets Authority (CMA) ordered JD in November to sell the ...

17 Feb 2022 at 16:55

City

JD Sports and Footasylum fined almost £5m over breaching merger rules

JD Sports and Footasylum have been fined a combined £4.7 million over breaching rules stopping the firms working too closely amid their proposed merger last year. The UK competition regulator announced on Monday morning that the two ...

14 Feb 2022 at 10:25

City

JD Sports to pay £5.5m to departed boss Peter Cowgill

JD Sports has agreed to pay £5.5 million to former boss Peter Cowgill after he stepped down from the sportswear giant in May. The long-serving executive chairman announced his departure after the retailer was slapped with a £4.3 ...

21 Sept 2022 at 10:59

City

JD Sports pledges governance overhaul in wake of Cowgill’s departure

Retailer JD Sports Fashion has unveiled plans to overhaul its corporate governance and internal controls as it looks to “draw a line in the sand” after the departure of its long-term boss and a string of competition probes. The ...

22 Jun 2022 at 12:28

City

JD Sports to sell Footaslyum in cut-price £37.5m deal after CMA ruling

JD Sports has agreed to sell Footaslyum for £37.5 million and incur a hefty loss after being ordered to offload the high street footwear firm by the UK competition watchdog. It represents a more than £50 million loss for the ...

01 Aug 2022 at 13:02

City

JD Sports boss Cowgill steps down after 18 years in charge

The long-term boss of JD Sports whose company was recently fined for sharing commercially sensitive information has stepped down. Peter Cowgill resigned from his position as executive chairman after 18 years in the role, ...

25 May 2022 at 18:21

Popular sportswear company set to match record profits as sales growth continues

Business

JD Sports has said it expects another year of record profits after sales continued to grow last month despite pressure on customers’ finances. The high street chain told shareholders before its annual general meeting on ...

22 Jul 2022 at 13:33

City

Ex-Morrisons chairman joins JD Sports after Cowgill exit

JD Sports has hired former Morrisons boss Andrew Higginson to take over from Peter Cowgill as its new chairman. Mr Cowgill stepped down in May after 18 years as the sportswear retailer’s executive chairman. His ...

08 Jul 2022 at 09:07

City

JD Sports set to match record profits as sales growth continues

22 Jul 2022 at 11:10

City

Footasylum hails ‘standout’ year as sales and profits leap higher

Shoe retailer Footasylum has revealed its annual sales and profits leapt higher as younger shoppers turn to top brands despite a “challenging” economic environment. The Rochdale-based shoes and clothing ...

07 Jul 2025 at 10:26

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