In what looks to be a strong fit, retail giant JD Sports Fashion has made a multi-million-pound investment in UK performance wear/althleisure retailer Gym King, taking a “significant” minority stake in the firm.
The U.S., Britain and other large, rich nations reached a landmark deal on Saturday to squeeze more money out of multinational companies and reduce their incentive to shift profits to low-tax offshore havens.
JD sports has been on the acquisition trail again with news that it's bought menswear retailer Oi Polloi. It's also been reported that CEO Peter Cowgill could step back from day-to-day control of JD this year.
A busy weekend of action at the virtual Paris Fashion Week, where most of the online videos were shot thousands of miles away from the French capital. We look at five of the most notable houses over this past 48 hours.
JD Sports said Wednesday it plans to sell about 6% of its shares to build a warchest as the biggest sportswear retailer in the UK seeks further acquisitions. Its current market capitalisation is around £7.95 billion