Sports Division

Sports Division
Public company
Industry Retail
Successor JJB Sports
Founded 1984
Defunct 1998
Products Clothing, Sportswear, Sports equipment

Sports Division was one of the biggest sports retailers in the United Kingdom during the 1990s.[1] In July 1998, it was sold to its main competitor, JJB Sports for approximately £295m.

In 1984, it was set up by Sir Tom Hunter, to sell trainers. Sir Tom started out selling trainers from the back of a van, subsequently borrowing £5,000 from his father and £5,000 from RBS to set up Sports Division. In November 1995, Tom Hunter, along with business partner Philip Green, purchased larger rival Olympus Sports from Sears,[2] and merged them into the Sports Division brand.[3]

References

  1. ↑ "JJB kicks off £290m sports deal". BBC News. 23 July 1998. Retrieved 17 November 2015.
  2. ↑ "MAYFIND ACQUIRES OLYMPUS AND OLYMPUS SPORTSWORLD FROM SEARS - PR Newswire". Retrieved 13 November 2015.
  3. ↑ "Who Runs Britain?: ...and who's to blame for the economic mess we're in By Robert Peston". Retrieved 13 November 2015.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.