Mike McTighe news and archive

JJB sports in 65m fundraiser

Ailing retailer JJB Sports has launched a new £65m fundraising drive in a move that it hopes will draw a line underneath its recent financial turmoil and help the company to move forward with its new restructuring plan. The proposed issue of 162.5m new shares has secured the support of four of its biggest stakeholders – Harris Associates,...

Fashion

JJB Sports approved CVA proposal

UK sporting company, JJB Sports, has announced that its proposal for Company Voluntary Arrangements(CVA) has now been approved by creditors. The company and subsidiary, Blaine Leisure Limited, had its arrangements approved yesterday and therefore 'will not be in administration as a result.' Mike McTighe, chairman of JJB, yesterday commented;...