Mike Ashley’s Frasers Group
Mike Ashley’s Frasers Group has acquired the gym and fitness chain DW Sports in a deal potentially worth up to £44m, but only half of the company’s jobs have been saved.
Did Sports Direct buy JJB?
Sports Direct has acquired the JJB Sports brand, website and 20 stores, saving 550 jobs, but the 133 remaining stores will be closed today (1 October) with 2,200 redundancies.
Are all DW Sports stores closing?
DW Sports, a gym and sports retailer, has said it will enter administration, putting 1,700 jobs at risk. All of its stores are to close, but DW said it would work with administrators BDO to save as many gyms as possible.
Is DW Sports still trading?
DW Sports is a sports retailer and gym group. The firm, founded by Wigan Athletic owner David Whelan, has 73 gyms and 75 shops around the UK but announced plans to shut 25 of its outlets last month. Its retail business will now wind down for good, with its website ceasing trading immediately.
What was DW Sports previously called?
In March 2009, Whelan acquired back troubled JJB’s nationwide chain of fitness clubs and stores. Wigan Athletic’s stadium became the DW Stadium and their new sponsor, DW Sports Fitness, taking the initials of its owner and his new company.
What is DW Sports called now?
Sports Direct parent company Frasers Group has bought the gyms business of DW Sports out of administration for £37 million and will rebrand them as Everlast Fitness Clubs. The company – full name Dave Whelan Sports – was declared insolvent in August and BDO appointed to manage its assets.
Why has DW Sports gone bust?
DW Sports falls into administration, putting 1,700 jobs at risk. The unprecedented coronavirus and its lockdown impacted the company through its lengthy closure of stores and gyms, wiping out its income. DW Sports is a sports retailer and gym group.
Did Sports Direct buy DW Sports?
Sports Direct parent company Frasers Group has bought the gyms business of DW Sports out of administration for £37 million and will rebrand them as Everlast Fitness Clubs.
