Business
Acquisition of Jack Wills
Acquisition of Jack Wills.
About this update from Frasers Group Plc
[{"type":"text","content":"\n \nRNS Number : 9612H Sports Direct International Plc 05 August 2019 \n\n \n5 August 2019\n \nSPORTS DIRECT INTERNATIONAL PLC\n(\"Sports Direct\" or the \"Company\")\n \nAcquisition of Jack Wills\nSports Direct announces the acquisition of the business and assets of the clothing retailer Jack Wills from Jack Wills Limited (in administration) (JW), 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.\nFor the year ended 28 January 2018 (the last date to which statutory accounts are available for JW and prior to the appointment of administrators), JW 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.\n \nEnds.\n \n \n\n\n\nSports Direct International plc\nThomas Piper, Company Secretary\n \n \n\n\n \nT. 0344 245 9200\nE. [email protected]\n\n\n\n\n\n\n\n\n\n\n\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END ACQLLFIRTFIEIIA\n ","length":3349,"tagName":"div"}]