Home / Knowledge / News / Fashion / JJB Sports buys Qube Footwear

JJB Sports buys Qube Footwear

Jul '08
JJB Sports plc ("JJB") announces it has acquired the fashion footwear business, Qube Footwear Limited ("Qube") from private equity partnership, West Coast Capital("WCC") for £1 in cash.

The 22 store business will form part of JJB's footwear business complementing its recent acquisition of the Original Shoe Company ("OSC"). Founded in 2005 Qube has grown rapidly as a niche fashion footwear business with a strong focus on branded product. The agreement to acquire Qube was signed on 15 April 2008.

The latest audited financial statements for the year ended 31 January 2007 reported gross assets of £11.8m and a loss before tax of £6.1m. Subsequent to this period, Qube has undergone a restructuring with a small number of loss making stores now closed.

JJB believes that the acquired store portfolio are currently trading at a broadly break even level.

Commenting on the acquisition Chris Ronnie, Chief Executive of JJB said:
"The acquisition of Qube is a further step in our strategy of accessing the sports lifestyle market, whilst maintaining our strategy of being "Serious about Sport" within our core JJB
retail stores. Qube is a rapidly growing business, with excellent potential, which we believe will complement our recent acquisition of OSC and reinforce our presence in this area of the market."

Brian McCluskey, MD of Qube added:
"We see this as a natural progression for Qube and under JJB expect the business to continue its steep growth curve. The synergies afforded there will undoubtedly enable the business to grow in a cost-efficient manner."

Ewan Hunter, spokesman for WCC noted that:
"This continues the rationalisation of our portfolio; however we remain committed to the retail and property sectors for the long-term. This is the right deal for this business going

JJB Sports plc

Must ReadView All

Pic: Andreysha | Dreamstime.com

Textiles | On 1st Dec 2021

Factory activity in China rebounds following energy crunch ease

China's factory activity picked up in November following the easing...

Pic: Hikrcn | Dreamstime.com

Textiles | On 1st Dec 2021

Turkey second-fastest growing OECD economy in Q3 2021

Turkey has become the second-fastest growing economy in the third...

Prime Minister Sheikh Hasina. Bayazid Akter | Dreamstime.com

Textiles | On 1st Dec 2021

PM Hasina urges global investors to invest in Bangladesh

Prime Minister Sheikh Hasina recently urged investors from across the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Ahmet Gecikli,

Ahmet Gecikli

Ser Mekatronik, founded in 2008, is specialised for providing mechanical...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Shlomzion Chen, Seevix

Shlomzion Chen

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

Samshek is a fashion forward tech brand which combines digital experience...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

December 2021

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

Advanced Search