Hints and tips:
...The move is part of an audacious effort to become a “global sports-fashion powerhouse” set out by chief executive Régis Schultz after he joined in 2022....
...Schultz told investors that the deal would add to JD’s earnings in the first full year of ownership, with cost savings expected to be at least $25mn....
...Even as the broader backdrop deteriorates, JD Sports continues to have a strong balance sheet and Schultz said the company was “confident in our strategy”....
...In February, Schultz said he would invest up to £3bn to open as many as 1,750 stores worldwide over the next five years....
...Shleifer was one of Tiger’s first hires and marshalled investments into booming Chinese technology companies, including ecommerce groups such as JD.com and Ctrip.com....
...On Shleifer’s watch, the private equity unit earned large windfalls from early bets on Chinese ecommerce groups JD.com and Meituan, and ride- hailing app Didi Chuxing....
...JD Sports is buying French sports retail rival Courir for €520mn, in what would be the UK retailer’s first significant deal under new chief executive Régis Schultz....
...Régis Schultz, who replaced Peter Cowgill as chief executive in September, recently said he would spend nearly £3bn opening 1,750 stores over the next five years....
...Schultz said that JD Sports had been managed “like a small business and it’s a £10bn business”....
...Schultz declined to comment further on Thursday....
...“We had our best week ever in all our markets,” said Schultz. JD’s total sales rose more than 20 per cent in the six-week period to New Year’s Eve....
...Job moves Former Starbucks chief Howard Schultz is stepping down from the coffee chain’s board....
...He forfeited the bonus when he joined JD from Dubai-based Al Futtaim Group in September. Schultz now holds 0.02 per cent of the company’s issued share capital....
...It plummeted again to just 12 years at the initial internet peak in 2000, when the oldest of the leading five was 19 (JDS Uniphase) and the youngest was four (Juniper Networks)....
...UK sportswear retailer JD Sports has continued its boardroom overhaul with the appointment of Régis Schultz as its new chief executive....
...Schultz’s wide geographic experience suggests JD’s strategy of international expansion is set to continue....
...It eventually backed hundreds of fast-growing start-ups including Alibaba and JD.com, among others....
...If the board of JD Sports wanted its choice of chief executive to signal a definitive break with the recent past, then Régis Schultz looks an ideal choice....
...New chief executive Régis Schultz joined the business this month from Middle East retail conglomerate Al-Futtaim. He has previously worked at Monoprix in France and at Kingfisher in the UK....
...Profits at JD Sports were at the top of its expectations in the first half....
...It expanded into private company investments under the watch of private equity head Scott Shleifer, who had success making early bets on Chinese technology groups such as Alibaba and JD.com....
...Tiger expanded into private company investments under the watch of private equity head Scott Shleifer, who had success making early bets on Chinese technology groups such as Alibaba and JD.com....
...JD.com, Tiger’s largest public holding as of mid-year, has fallen 35 per cent this year....
...The top position in Tiger Global’s public stock portfolio as of June 30 was JD.com, according to the most recent regulatory filings available....
...Sports appoints former Kingfisher boss Régis Schultz as CEO with a weirdly coy statement; and S4 adds some old colleagues of Martin Sorrell to its board — Why long-termism is the world’s most dangerous...
International Edition