Footasylum news and archive

Footasylum: Mad Agency becomes distribution partner for Germany and Austria

British sportswear retailer Footasylum announced a “strategic partnership” with Cologne-based distribution agency Mad Agency on Monday. The collaboration aims to drive growth in the DACH region, according to a statement. Mad Agency will represent Footasylum's private labels as an “exclusive distribution agency” in Germany and Austria. The...

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Business

CMA decision to block JD Sports’ acquisition of Footasylum overturned

The UK’s Competition Appeal Tribunal has overturned a decision made earlier this year by the country’s Competition and Markets Authority (CMA) to block an acquisition by JD Sports of rival sportswear retailer Footasylum. The CMA announced in May it had blocked the 90 million pound deal after finding it would result in “substantial lessening of...

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Business

Laybuy launches in the UK with Footasylum

Laybuy, New Zealand’s leading buy now, pay later service, officially launches in the UK with Footasylum confirmed as its first major retail partner. Footasylum will offer UK shoppers the buy-now, pay in six option, allowing customers to spread the cost of purchases over six weekly automatic payments, with no interest, using Laybuy, a rival to...

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Fashion

Footasylum revenue boosted 28 percent thanks to AI technology

Sportswear retailer Footasylum has revealed it has managed to increase email revenue by 28 percent by working with artificial intelligence (AI) company Peak on a new email campaign. The AI technology helped Footasylum create “hyper-personalised marketing communications” by pushing relevant product recommendations, creating more enticing content...

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Business

Footasylum full year revenues rise 33 percent

Footasylum revenue increased 33 percent in FY18 to 194.8 million pounds (256.7 million dollars), reflecting growth in all product categories across the company's multiple channels, from further store roll out, increasing volumes of online traffic and the launch of the company's wholesale business. While adjusted EBITDA increased 12 percent to...

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Business

Footasylum confirms IPO plan, new chairman to join in 2018

As speculated earlier, Footasylum, a UK-based fashion retailer has announced its intention to float an IPO on the London Stock Exchange. The company said that dealings in the company's ordinary shares on AIM are expected to commence in November 2017. Meanwhile, Barry Bown will be joining the company’s board as Executive Chairman on or around...

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Business

JD Sports founders said to be exploring Footasylum IPO

The founders of JD Sports, John Wardle and David Makin are contemplating floating Footasylum, a premium fashion store chain, on the London stock exchange, Sky News reports. It adds that the duo could reap benefit of millions of pounds through an initial public offering (IPO) of Footasylum, anticipated at a value of about 150 million pounds (196...