Footasylum news and archive

Footasylum announces two senior executive appointments

Footasylum has announced the appointments of Will Van Rensburg as chief commercial officer and Glen Wilkinson as senior buying director. These appointments, the company said in a statement, follow the arrival of David Pujolar as CEO in March 2024. Since joining, Pujolar has realigned the organisation and strengthened its executive leadership...

Business

Footasylum secures 35 million pound funding to support growth plans

Footwear retailer Footasylum has announced that it has secured a 35 million pound Revolving Credit Facility (RCF) from banking firm HSBC UK which it will use to help accelerate its growth plans across the UK and international markets. The retailer, which was acquired by investor Aurelius in August 2022, revealed that the RCF funding package...

BusinessFeatured

Footasylum posts strong FY24 trading results

Footasylum’ revenues for the full financial year increased by 7 percent to 319.5 million pounds, while online sales were up 15 percent to 134.9 million pounds and now account for 42.2 percent of total sales. In March, the company appointed David Pujolar as CEO, who has previously worked at AW Lab, Adidas, Foot Locker and Tommy Hilfiger. “We are...

Business

Footasylum names new CEO, Barry Bown exits

Footwear retailer Footasylum has announced the appointment of a new chief executive officer as its current head and chairman, Barry Bown, prepares to step down. David Pujolar has now moved into the helm position, according to various news outlets, while Bown, who has been with the company since 2018, is to take on a consultancy role with...

Business

New store openings boost Footasylum's results in FY24

Footasylum's unaudited revenue for the year increased 7 percent to 320 million pounds and EBITDA increased 38 percent to 22 million pounds. Commenting on the trading update, Barry Bown, executive chairman and CEO of Footasylum, said: “With the support of Aurelius, we have expanded Footasylum’s unique offering across the UK’s busiest high streets...

Retail

Footasylum opens 10,000 square foot store amid retail expansion

Sportswear retailer Footasylum has unveiled a refreshed store concept in a new 10,000 square foot retail space at Lakeside in West Thurrock, Essex. Among the footwear and men’s apparel offerings housed in the store, the interior also features a renewed take on the retailer’s digital capabilities that looks to create a “seamless” mobile-first...

Retail

Footasylum to open Oxford Street flagship as part of retail expansion

Footasylum is set to unveil a new Oxford Street flagship store later this year as part of its ongoing retail expansion plans in the UK. The sportswear retailer has set about on a string of store openings over past months, with one of its most recent announcements being its plan to open a 6,000 square foot space in Atria Watford shopping centre....

Retail

Footasylum outlines store opening and upsizing strategy for 2023

Sportswear retailer Footasylum has outlined a series of new store openings and upsizings that it is planning for the year ahead as it looks to continue bolstering its ‘hyper-local’ approach in the UK. The first store as part of the plan has been confirmed to be in Watford, Hertfordshire, which will open in the Q3 of 2023. The 6,000 square foot...

Retail

Footasylum opens first store under new ownership, reveals expansion plans

Footwear and sportswear retailer Footasylum has opened a new store in Cheshunt, Hertfordshire, simultaneous to its announcement of retail expansion plans for 2023. It marks the first new store opened by the brand since April 2021, and the first under its new ownership of Aurelius Group, which acquired the company in August 2022. The 6,000 square...

Business

JD Sports sells Footasylum to Aurelius for 37.5 million pounds

On 29 July 2022, JD Sports Fashion Plc exchanged contracts to sell Footasylum Limited and its associated subsidiaries to Aurelius Group for 37.5 million pounds. Commenting on the development, Kath Smith, interim CEO of JD, said: "I would like to sincerely thank the teams at Aurelius and Footasylum who worked collaboratively with the CMA to agree...

BusinessFeatured

JD Sports potentially considering Footasylum sale

JD Sports could be looking into selling Footasylum to Aurelius Group, a private equity investor, following a lengthy battle with a UK competition watchdog. According to a report by Sky News, the sportswear retailer has entered into exclusive talks with Aurelius to sell the Footasylum chain, although the terms of the potential deal are currently...

BusinessFeatured

JD Sports and Footasylum fined for breach of CMA order

British sportswear retailers JD Sports and Footasylum have been fined a combined 4.7 million pounds for breaching an order by the UK’s Competition and Markets Authority (CMA). The CMA, which in November ordered JD Sports to sell Footasylum over competition concerns, said the CEOs of the two companies breached its order by sharing “commercially...