Hotel, Sport & Leisure Tue, Mar 22, 2016 5:02 PM
Sportswear retailer JD Sports has agreed a deal to sell the Canterbury rugby brand to sports and fashion retail group Pentland for £22.7m.
As part of the deal, JD will buy the OneTrueSaxon brand from Pentland, which owns Berghaus and Speedo, for £50,000.
JD, which says it does not sell much Canterbury product, does not see the brand as being core to future plans.
The group only bought into the rugby kitmaker, which supplies the Scotland and South Africa teams, in 2009.
Canterbury also supplies the kit to major rugby union sides such as Leicester Tigers. Leinster, Cardiff Blues and Glasgow Warriors.
"Having reviewed the options for Canterbury, we are pleased to have agreed its sale to Pentland on terms which are attractive for JD and provide Pentland with the opportunity to further build and develop the Canterbury brand," said JD's executive chairman Peter Cowgill.
The company said it would use the proceeds from the sale to invest in its core retail business.
Featured News
Bathrooms, showers, and changing rooms within hotels and sports and leisure...
Dual coloured and slim framed aluminium fenestration solutions from Senior...
BUILDING PRODUCT LIBRARY - LATEST BROCHURES
Novantica - Cement F...
By Fassa Bortolo
Fassatherm System -...
By Fassa Bortolo
Fassarend System - P...
By Fassa Bortolo
Fassalime System - P...
By Fassa Bortolo
Sport England’s Perf...
By Passivent
BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS
Straightcurve® – headquartered in Australia, is renowned for high-end innovative garden edging,...
The Kingspan RLG600 raised access floor panel is intended for light office use and is capable of...
Kingspan RHG600 Simploc is the heavy grade floor system, capable of handling up to a 12kN/m2...
CONSTRUCTION VIDEOS - LATEST VIDEOS
“Building with stone wool insulated sandwich panels” written by Professor Imperadori, is now...
Portakabin | Installation at the iconic Admiralty Arch, London