You have entered an incorrect email address! Speculation has arisen that JD Sports executive chairman Peter Cowgill is reportedly looking at relinquishing his responsibilities after 17 years at the helm of the retailer. Executive Chairman and Chairman of the Nomination Committee. He was previously Finance Director of the Group until his resignation in June 2001. But opting out of some of these cookies may affect your browsing experience. COPYRIGHT 2017 | NORTHERN FINANCIAL REVIEW. Peter was appointed Executive Chairman in March 2004. However, despite the strong performance Peter … |. JD Sports revealed on Monday that chairman Peter Cowgill had disposed of 2.58m ordinary shares in the FTSE 100-listed sportswear retailer. Save my name, email, and website in this browser for the next time I comment. Peter Cowgill, executive chairman of JD Sports (JD?PA) It is understood that no current jobs at its UK distribution sites will be affected. The JD Sports Fashion executive chairman has been awarded a £6m cash bonus not linked to any future performance targets.. Peter Cowgill’s special bonus, to be paid in instalments of £1.5m a year for four years starting from October, each of which will be subject to income tax and national insurance, must be approved at JD’s annual shareholder meeting on 3 July. Peter Cowgill said there was no true … Aside from the flagship high street chain of the same name, the firm also owns Tessuti, Size?, Finish Line (in the US), Blacks, Go Outdoors, and several others. This website uses cookies to improve your experience. Large one-off items impacting financial results. JD Sports is also currently in a battle with the CMA to acquire rival chain Footasylum. “Looking longer term, there is inevitably considerable uncertainty as to what the effect of COVID-19 will be on consumer behaviour and footfall,” JD Sports’ Chairman Peter Cowgill said. By Gabriele Dirvanauskas 8 September 2020. Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. JD Sports chairman sells down. JD Sports Fashion plc is the leading retailer and distributor of branded sportswear and fashionwear. JD Sports has 56,685 employees at their 1 location and £4.72 B in annual revenue in FY 2019. 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He is the NonExecutive Chairman of United Carpets Plc and a NonExecutive Director of Better Bathrooms Limited. … See All Risk Checks. This website uses cookies to improve your experience while you navigate through the website. “I would like to thank Andy Rubin for his valuable contribution to the board over the last five years at JD, which has been a period of substantial growth of the group in geographic reach, turnover and profitability,” said JD Sports executive chairman Peter Cowgill in a statement. 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BRIEF-JD Sports Fashion Says Executive Chairman Personally Volunteering A Salary Reduction Of 75% * JD SPORTS - DOES NOT BELIEVE THAT IT WILL BE APPROPRIATE TO PAY A … Avec plusieurs exclusivités adidas Originals et Nike. JD Sports is the leading trainer & sports fashion retailer in the UK 20% Student Discount Click & Collect Free Delivery over £70 Buy Now, Pay Later JD Sports, which is expanding in Malaysia, Thailand and South Korea, among other global markets, saw group profit before tax and exceptional items increase 30 per cent to £158.6 million, up from the £121.9 million seen in the prior corresponding period. Cowgill has been executive chairman of JD Sports since 2004. JD Sports Fashion executive chairman Peter Cowgill said: “This is an exciting acquisition for JD that will further build on the success of our international development strategy, expanding our operations into Central and Eastern Europe. Roundtable: The race for retail relevance, JD Sports “retains record profitability” despite lockdown store closures, Topshop’s former London flagship eyed by JD Sports, Frasers Group & Amazon, JD Sports completes £360m acquisition of DTLR, Asda boosts commercial team with Waitrose and Sky directors, One Direction’s Niall Horan invests in Gym+Coffee amid UK expansion, M&S boosts food division with former Morrisons director. You also have the option to opt-out of these cookies. Peter Cowgill, chairman of JD Sports, said the red tape and delays in shipping goods to mainland Europe meant "double-digit millions" in extra costs. JD Sports Fashion Plc announced today that it entered into a conditional agreement to acquire 100% of Baltimore-based DTLR Villa LLC. Bury-based FTSE 100 retailer JD Sports Fashion Plc said on Monday its executive chairman Peter Cowgill sold about 2.6 million shares in the company last Friday for about £19.2 million. JD Sports has snapped up cult Manchester menswear independent Oi Polloi in its latest acquisition. At the start of 2020, Panasonic partnered with WBR Insights to find... © Copyright Retail Gazette. We also use third-party cookies that help us analyze and understand how you use this website. This field is for validation purposes and should be left unchanged. “Following this disposal, Peter Cowgill has a total interest in 3,892,934, representing 0.4% of the issued share capital of the company,” said JD Sports. Shareholders have been diluted in the past year . He had initially joined in 1996 as chief financial officer around the time of its stock market float, but left in 2000 before re-joining four years later as boss. By continuing to browse the site you are agreeing to our use of cookies. Boohoo: Is linking executive bonuses to ethical performance a good idea? Share. To find out more about the cookies we use click here. JD Sports executive chairman Peter Cowgill said of the deal, which is due to complete in May: “This is an exciting acquisition for JD that will further build on the success of our international development strategy, expanding our operations into Central and Eastern Europe. More Details. Editorial: 0208 222 0503 Oi Polloi, Manchester. This category only includes cookies that ensures basic functionalities and security features of the website. Pretax profits before one-offs came in at £421m on sales that were up slightly at £6.2bn in the year to 30 January. 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JD Sports Fashion executive chairman Peter Cowgill today called for a "revitalisation" of UK high streets post-lockdown, by addressing the mismatch between footfall – the "lifeblood" of retailers – and the "lack of reality" around rental levels by retail landlords. … Risk Analysis. Mr. Peter A. Cowgill is Executive Chairman of the Board of JD Sports Fashion PLC. JD Sports Fashion plc engages in the retail of branded sports fashionwear, outdoor clothing, footwear, accessories and equipment for kids, women, and men. Despite this, The Sunday Times also reported that Cowgill wants the next leader of the business to be selected from within its Bury headquarters. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University. The Crucial Challenges Retailers will Face in the 2020s JD Sports executive chairman Peter Cowgill Posted By: Mark McSherry November 2, 2020 Bury-based FTSE 100 retailer JD Sports Fashion Plc said on Monday its executive chairman Peter Cowgill sold about 2.6 million shares in the company last Friday for about £19.2 million. Home News Rewards. Snowflake Analysis. See insights on JD Sports including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. The CMA has blocked the £90 million takeover before it was overturned by the Competition Appeal Tribunal last November, forcing it to under a full reconsideration of the deal. These cookies will be stored in your browser only with your consent. JD Sports executive chairman Peter Cowgill says the “unprecedented challenges” of the Covid-19 pandemic and Brexit have “severely tested all aspects of our business including our multichannel capabilities, the robustness of our operational infrastructure and the resilience of our colleagues”. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. Wardle and David Makin, the founders of JD Sports… November 2, 2020. M&S taps senior Mars exec Fiona Dawson to join board, Next CEO’s pay soars to five-year high of £3.4m despite pandemic woes, M&S promotes 2 execs to co-COO amid leadership reshuffle, Tesco to rebrand Metro stores as Express format, Asos mulls takeover of Feelunique and Cult Beauty, Ex-Tesco CEO Dave Lewis given £1.6m golden handshake, How a rise in retail vacancies can affect the UK’s high streets, The Crucial Challenges Retailers will Face in the 2020s, Gymshark hires former Lululemon exec as chief product officer, Vestiaire Collective hires former Pepsi boss as marketing vice president. We use cookies to ensure we give you the best experience of our website, to accept click on any link or continue to browse. According to The Sunday Times, JD Sports’ board is reportedly planning to appoint a chief executive at some point this year to work alongside Cowgill. Cowgill, who took over as chairman … The sportswear chain has bought the Northern Quarter shop at 63 Thomas Street, Manchester, as well as all online assets, and JD Sports’ executive chairman Peter Cowgill has reportedly been named as Company Director of Oi Polloi. These cookies do not store any personal information. X. The speculation comes just days after Andy Rubin stepped down as non-executive director at JD Sports – a role he had been in for five years. Your attention is drawn to the letter from the Executive Chairman on pages 2 to 3 of this document McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Panasonic and WBR Insights Research: Under Cowgill’s leadership, JD Sports expanded dramatically in the UK and abroad, and is now a FTSE 100-listed retail giant worth £9.5 billion with 2400 shops in 19 markets. Mon, 2nd Nov 2020 15:40 (Sharecast News) - JD Sports revealed on Monday that chairman Peter Cowgill had disposed of 2.58m ordinary shares in … Necessary cookies are absolutely essential for the website to function properly. The move would then see him eventually relinquish control of day-to-day operations of the retailer and move into a non-executive chairman role. It is mandatory to procure user consent prior to running these cookies on your website. Speculation has arisen that JD Sports executive chairman Peter Cowgill is reportedly looking at relinquishing his responsibilities after 17 years at the helm of the retailer. JD Sports has announced that Andy Rubin has stepped down from its board as a non-executive director. Total cash … Peter Cowgill, JD Sports “The deep bond between JD and its consumers is one that has been nurtured over a number of years,” says JD Sports’ executive chairman, Peter Cowgill. However, JD Sports executive chairman Peter Cowgill said: "The CMA's provisional decision is fundamentally flawed and demonstrates a complete misunderstanding of our … He was previously Finance Director of the Group until his resignation in June 2001. JD Sports executive chairman Peter Cowgill is set to receive a £6 million bonus to reflect his "exceptional performance" and to compensate for a lack of pension contributions. Add to Bookmarks; Comment. All rights reserved. However, Cowgill himself told The Sunday Times that he was “not anywhere fast”, and that as a “substantial shareholder” he had “every intention” of ensuring the long-term success of JD Sports.
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