Fashion Investments and M&A

Date: August 2019
Buyer: Sports Direct
Business: British fashion brand and retailer
Value: £12.75m pre-pack administration
Details: Sports Direct has purchased Jack Wills out of administration as part of a pre-pack administration deal after Bluegem Capital Partners put the retailer up for sale earlier in the year.

Date: 30 October 2018
Buyer: Sports Direct International Plc
Target: Evans Cycles
Business: Cycling equipment and attire
Value: £8 million
Details: Sports Direct has acquired the Evans Cycles brand and certain other assets in a prepack deal after the UK retailer fell into administration.

Date: 12 October 2018
Buyer: Sports Direct International
Target: Frasers department store (property acquisition)
Business: Department store
Value: £95 million
Details: Sports Direct has acquired the iconic department store in Glasgow, which houses luxury brands such as Hermes, Prada and Gucci, and reportedly intends to continue to operate the property as Frasers.

Date: 10 August 2018
Buyer: Sports Direct International plc
Target: House of Fraser
Business: Fashion Retailer
Value: £90million
Details: Sports Direct International plc has acquired the business and assets of House of Fraser from the administrators of House of Fraser Limited, House of Fraser (Stores) Limited and James Beattie Limited (the main operating companies of the House of Fraser Group). The assets acquired included all UK stores, the brand and the stock in the business.

Date: April 2017
Buyer: Sports Direct
Target: Bob’s Stores & Eastern Mountain Sports
Business: Footwear, clothing & paddleboards
Value: US$ 101m
Details: Acquisition of debt from parent Eastern Outfitters in Chapter 11 gives 50 outlets for Sports Direct.