Adidas and Sports Direct battle for Chelsea kit
Thursday 12 December 2013
Adidas has caused a major rift with the UK’s biggest sportswear retailer Sports Direct after banning Mike Ashley’s company from selling the club’s replica football kit next season.
The news comes as Sports Direct chief executive Dave Forsey refused to defend his company’s decision to employ 90 per cent of its staff on controversial zero-hours contracts, while reporting that pre-tax profits jumped 14.3 per cent to £143.1 million in the six months to the end of October.
Forsey said Adidas’s decision to only sell the kits elsewhere — thought to be the Chelsea shop at its stadium and Adidas stores — was “impossible to understand”. He added: “We don’t believe with our football heritage that customers would be happy. We are still voicing our concerns to Adidas and Chelsea, telling them they are potentially alienating their supporters.”
Sales at Sports Direct jumped 23.5 per cent to £1.35 billion, with UK sales up 13.4 per cent, although the shares fell more than 9 per cent.
Forsey said it will continue looking to expand overseas and wants to be in around 10 more European countries. He also said it was expected to hit its underlying pre-tax profit target of £310 million which will trigger another bonus payout to around 2000 staff.
- 1 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
- 3 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 4 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Sir David Attenborough interview: The one question about life that still baffles him
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...