July 03, 2018
Pentland Group reported a 14% increase in its operating profit to £376 million ($493 mm) for the year ended Dec. 31, on 25% higher revenues of £3.6 billion ($4.7 bb), driven by record performance for JD Sports Fashion, of which it owns more than 70%.
Six-year UA veteran Jason Archer was named managing director, APAC, overseeing Australia, China, India, Japan and South Korea, and will be based in a new Asia Pacific headquarters in an expanded Hong Kong office.
The retailer emerges with $10 million in new equity from its CEO and two investors, and a $55 million senior secured credit facility from Wells Fargo consisting of a $5 million term loan and a $50 million revolver.
FBI background checks, as adjusted by the NSSF, dropped 12.2% to 892,479 from 1,016,213 in June 2017, accelerating the pace of decline for the third month in a row.