85 731
Fashion Jobs
HENKEL
Senior Automation Tech
Permanent · GENEVA
ESSILORLUXOTTICA GROUP
Customer Service Representative
Permanent · EAST SYRACUSE
ESSILORLUXOTTICA GROUP
Customer Service Representative Classic Optical)
Permanent · YOUNGSTOWN
ESSILORLUXOTTICA GROUP
sr. Manager, Business Growth
Permanent · NEW YORK
ESSILORLUXOTTICA GROUP
Associate Manager, Trade Event Marketing
Permanent · DALLAS
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · PEMBROKE PINES
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · CAMARILLO
ESSILORLUXOTTICA GROUP
Naasc - Material Handler II (Inbound Team Lead)
Permanent · MCDONOUGH
ESSILORLUXOTTICA GROUP
Oakley Store Market Manager- Denver Market
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant (Denver)
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Wholesale - Analyst, Supply Chain (Vendor Compliance)
Permanent · PORT WASHINGTON
ESSILORLUXOTTICA GROUP
Essilorluxottica Wholesale - Sales Representative
Permanent · RALEIGH
ESSILORLUXOTTICA GROUP
Wholesale - Coordinator- Sales Operations (Rep Orders)
Permanent · PORT WASHINGTON
AMRG
Sales Supervisor - Full Time
Permanent · ROSEMONT
WALGREENS
Overnight Call Center Representative - Pharmacy (Onsite)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Part Time)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Full Time)
Permanent · CHANDLER
WALGREENS
Senior Manager, Merchandise Planning
Permanent · DEERFIELD
WALGREENS
Digital Commerce Associate Manager, Merchandising
Permanent · DEERFIELD
WALGREENS
General Warehouse Person Pendergrass Rfc
Permanent · PENDERGRASS
CALERES
Associate Manager - Famous Footwear
Permanent · MANKATO
NORTH CAROLINA STATE
County Extension Director
Permanent · GOLDSBORO
Published
Apr 12, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

JD Sports succeeds with Footasylum offer, most shareholders agree to sell

Published
Apr 12, 2019

JD Sports has received enough shareholder support for its takeover offer for smaller peer Footasylum and has declared the offer “wholly unconditional” as a result. 


Most of Footaslyum 's shareholders have accepted the JD Sports offer - DR



That means Footasylum’s existence as an independent company will soon end, although it looks like the brand is set to live on with JD maintaining the chain as it targets a slightly different customer to the main JD Sports banner.

More than 90% of shareholders have accepted its 82.5p per share/£90.1 million offer made a little over a month ago, including Pentland, which held a 2.6% stake.

JD’s executive chairman Peter Cowgill said: “We are very pleased that this offer has been declared unconditional and look forward to welcoming the Footasylum team to our newly enlarged group. We believe the combination of these two complementary businesses will deliver significant operational and strategic benefits going forward.”

JD now intends to exercise its rights to compulsorily acquire the Footasylum Shares for which it hasn’t received acceptances. 

It brings to an end a relatively short period for Footasylum as a listed company. It floated on the Alternative Investment Market (the same market where Asos and Boohoo shares are listed) as recently as November 2017. 

And while it seemed to be a strong buy at first, recent tough trading has resulted in profit warnings and a share price plunge. Interest from JD this year helped the share price rise sharply in February, even though the company insisted that its initial 8.3% stake acquisition wouldn’t lead to a full takeover bid.

Copyright © 2024 FashionNetwork.com All rights reserved.