Sports Direct International Plc
12 July 2007
12 July 2007
SPORTS DIRECT ACQUIRES FIELD & TREK
Sports Direct International plc is pleased to announce the acquisition of a 60%
interest in Field & Trek, the outdoor clothing and equipment retailer. Field &
Trek operates eleven stores, mostly in the South East of England. It also has
an established on-line offer providing camping and outdoor equipment, waterproof
clothing and footwear including selling leading brands such as The North Face,
Berghaus, Merrell and Salomon.
In the year ending 12 January 2007, Field & Trek's turnover was £14 million.
The consideration for the 60% stake is £5 million. Sports Direct has an option
for five years to acquire the remaining 40% for a further £5million.
Dave Forsey, Chief Executive of Sports Direct, said:
"This strategic investment by the Company helps to fulfil our objective of
expanding our outdoor leisure offering. We will continue to seek to create
value for the Company's shareholders via such acquisitions and investments."
For further enquiries, please contact:
Sports Direct International
Dave Forsey, Chief Executive 0870 333 9400
Bob Mellors, Group Financial Director
Financial Dynamics
Jonathon Brill / Ben Foster / Andrew Dowler 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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