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Business

JD Sports pulls support for Dutch retail group leading to bankruptcy

Sports Unlimited Retail had been making losses for several years, according to the trustee's first bankruptcy report. The losses were always compensated by UK parent company JD Sports Fashion Plc, but when it decided to stop doing so in November 2023, Sports Unlimited Retail filed for its own bankruptcy. Sports Unlimited Retail is the parent...

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BusinessFeatured

JD Sports to offload Sports Unlimited Retail for 16.5 million euros

British sportswear retailer JD Sports is to offload Sports Unlimited Retail to its 50.02 percent subsidiary based in Spain for 16.5 million euros. JD Sports said its subsidiary Iberian Sports Retail Group is more focused on the sporting goods sector than the core JD brand and therefore its management team will be better placed to drive growth...

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