Nothing but negotiation

The Gap Partnership

JD Sports to purchase Champion

JD Sports Fashion has exchanged contracts with Champion Sports and has extended a secured loan to the company, it has been revealed.

27 January 2011

JD Sports Fashion has revealed that business negotiations with Champion Sports Holdings have advanced.

The chairman of JD Sports Peter Cowgill said that contracts had been exchanged and that the move would help boost his firm's presence in the Republic of Ireland.

In a statement released by JD Sports, the company said: "The board expects that the Champion acquisition will be earnings enhancing in future years after investment in the store portfolio and the realisation of operational synergies."

The organisation is set to advance €17.1 million (£14.6 million) in the form of a secured loan to allow Champion's outstanding indebtedness.

It also revealed that the management team at Champion would be retained, including chief executive John Quinn.

Figures released by the company earlier this year showed that like-for-like sales in the five weeks up to January 1st 2011 were up 2.5 per cent as the company benefited from strong Christmas sales. 

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more