All Footasylum articles
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News briefs
Footasylum appoints a new CEO
Barry Bown, the CEO of Footasylum, is set to transition into a consultancy role with Aurelius, the company’s owner. Bown was CEO for nearly six years and during his tenure he saw significant growth, with the company’s revenues climbing by 7 percent to £320 million (€374m) and Ebitda reaching an ...
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News briefs
Footasylum’s annual sales and profits surge
The British retailer Footasylum saw its sales and profits for the year to Jan. 27, 2024 surge, driven by store openings and the implementation of an omnichannel point-of-sale system. The retailer opened a 1,850 square meter flagship in London’s Oxford Street in September, among other openings. Revenues in the year ...
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News briefs
Footasylum adopts new retail concept in larger store
Footasylum, leading British retailer of branded fashion and footwear, has moved to a new and improved retail space at the Lakeside Shopping Centre in England, where it previously occupied a space of around 300 square meters. The new 900-sqm space features a refreshed store concept that seeks to create a ...
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ArticleFootasylum picks NewStore for its omnichannel experience
The British footwear retailer Footasylum has selected NewStore, which provides a German omnichannel cloud platform for retailers, to power its omnichannel experience across some 60 stores in the U.K. “This new partnership builds on Footasylum’s modern technology architecture, which also includes Talon.One, a promotion and loyalty automation solution. Together, NewStore ...
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ArticleJD Sports to sell Footasylum to Aurelius
On July 29, JD Sports Fashion exchanged contracts to sell Footasylum and its associated subsidiaries to the German private equity Aurelius Group for £37.5 million (€44.8m). JD Sports bought the chain of sports fashion stores in May 2019 but the acquisition was blocked last year by the British Competition and ...
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News briefs
JD fined while divesting Footasylum
JD Sports Fashion is questioning a fine of almost £5 million (€5.9m) imposed by the British anti-trust authority for “sharing of commercially sensitive information” with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. On the other hand, the company confirmed that it will “continue to work ...
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News briefs
U.K. anti-trust authority again blocks the JD Sports-Footasylum merger
The U.K.’s Competition and Markets Authority (CMA) issued a new verdict on Nov. 4 confirming its conclusion that JD Sports Fashion must divest Footasylum, the chain of sports fashion stores that it bought in May 2019, as it has resulted, or may be expected to result, in “a substantial lessening ...
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ArticleU.K. regulator still opposes JD’s takeover of Footasylum
Leaving the door open for comments by Sept. 16 before making a final decision in October, the U.K. Competition and Markets Authority (CMA) restated on Sept. 2 its provisional ban on JD Sports Fashion’s already completed acquisition of the Footasylum, in spite of criticism expressed by the Competition Appeal Tribunal ...
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News briefs
JD’s takeover of Footasylum is blocked
After a more in-depth review of JD Sports Fashion ’s acquisition last year of the Footasylum chain in the U.K., Britain’s Competition and Markets Authority ( CMA ) announced on May 6 its decision to block it, arguing that it would lead to a “substantial lessening of competition nationally,” ...
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News briefs
Footasylum enlists CDO to fight fraud
Footasylum has signed up to Claims Detect Online (CDO) , a new tool to help tackle the issue of suspicious refund claims in the U.K. The tool has been developed by National Business Crime Solution (NBCS) , a non-profit initiative. Retailers are being targeted by an increasing number of suspicious ...
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Article
JD’s acquisition of Footasylum hits anti-trust hurdle
Mike Ashley , the maverick boss of Sports Direct , must be jumping with joy at getting his way with his criticism of JD Sports Fashion ’s acquisition of Footasylum last April, which is again being questioned by the U.K.’s Competition and Markets Authority (CMA). The CMA launched a review ...
