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Sports Direct acquires clothing retailer Jack Wills

09
Aug '19
Pic: Sports Direct International
Pic: Sports Direct International
Sports Direct International Plc, the UK's largest sports-goods retailer, has announced the acquisition of business and assets of clothing retailer Jack Wills from Jack Wills Limited (which is in administration), including all of the UK and Republic of Ireland stores and stock and the international Jack Wills brand, for a cash consideration of £12,750,000.
 
For the year ended January 28, 2018 (the last date to which statutory accounts are available for Jack Wills and prior to the appointment of administrators), Jack Wills had gross assets of £98,965,000 and made an operating loss (before exceptional items) of £14,232,000 and a net profit (after exceptional items) of £19,206,000, Sports Direct said in a statement. (RKS)
 

Fibre2Fashion News Desk – India


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