REG - Sports Direct Intl. - Acquisition of Jack Wills

FrasersAnnouncement

05/08/2019 17:10

RNS Number : 9612H
Sports Direct International Plc
05 August 2019
 


 
5 August 2019
 
SPORTS DIRECT INTERNATIONAL PLC
("Sports Direct" or the "Company")
 
Acquisition of Jack Wills
Sports 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.
For 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.
 
Ends.
 
 



Sports Direct International plc
Thomas Piper, Company Secretary
 
 


 
T. 0344 245 9200
E. investor.relations@sportsdirect.com













 
 




This 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 rns@lseg.com or visit www.rns.com.
 
END
 
 
ACQLLFIRTFIEIIA