May 29, 2013

Sports Direct acquires majority stakes in sporting retailers EAG, SIG

Sports Direct International, a British retail group, has acquired controlling stakes in two sporting goods retail companies, Austrian Sports Eybl & Sports Experts (EAG) and Sportland International Group (SIG) in the Baltic region.

By admin-demo

Sports Direct International, a British retail group, has acquired controlling stakes in two sporting goods retail companies, Austrian Sports Eybl & Sports Experts (EAG) and Sportland International Group (SIG) in the Baltic region.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

In an agreement with EAG, Sports Direct has acquired 51% ownership through its subsidiary Sportsdirect.com Retail for €40.5m.

The total deal amount includes €10.5m payable to the stakeholders of EAG-EYBL Holding and Ludwig EYBL Privatstiftung and €30m for subordinated debt in EAG.

Sports Direct has also obtained an option to acquire remaining interest in EAG from the owner, the Eybl Family for €15.5m.

The option is exercisable following the closure of current agreement scheduled on 31 December 2019.

The Eybl Family, however, can carry out the sale of remaining stake with Sports Direct for €5m during the interim period.

EAG comprises 30 Eybl outlets under regular and mega store formats averaging size of 2,000m2 and 7,500m2 respectively and 28 Sports Experts stores with average store size of 2,500m2.

Sports Direct has also acquired 60% stake in sporting goods retailer SIG that operates Sportland, Sportland Outlet, Timberland, O’Neill, Nike and Nike Outlet retail chains in Estonia, Latvia and Lithuania.

Commenting on the developments, Sports Direct International chief executive Dave Forsey remarked that the acquisition of the two retailers marks its strategic expansion in the European markets.

"Expected benefits from these investments include increased scale for our international business, growing international awareness of our Group Brands and additional expertise in specialist product categories such as winter sports," added Forsey.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.