Home / Knowledge / News / Apparel/Garments / Sports Direct snaps up majority stakes in Flannels
Sports Direct snaps up majority stakes in Flannels
20
Jul '12
Sports Direct, a leading sportswear retailer in the UK, has bought a 51 percent majority stake in the Manchester-based fashion chain Flannels at an undisclosed price. 
 
The Newcastle United owner Mike Ashley’s Sports Direct business operates approximately 400 stores in all over UK. The company offers sportswear and accessories of major brands, including Nike, Adidas, Reebok, Everlast, Lonsdale, Dunlop, Slazenger and Karrimor. 
 
For the past one year, Sports Direct has been trying to build up a premium clothing line for men and it has already bought stakes in menswear-specialized stores such as, USC and Cruise.
 
Founded in 1976, Flannels is one of the largest luxurious clothing chains in the UK. It operates through a network of nine shops in Manchester, Leeds, Liverpool, Cardiff and Birmingham. The fashion retailers’ merchandise includes apparels from various designers, such as Dolce & Gabbana, Paul Smith, Tom Ford, Moncler and Burberry.
 
Besides the UK, Sports Direct also operates stores in Ireland, Belgium, Holland, France, Cyprus, Luxembourg and Slovenia. The firm is currently exploring opportunities to set up its outlets in other countries. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search