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Mike Ashley’s Frasers Group will use the newly purchased Dave Whelan Sports gyms to expand its Everlast fitness brand, it said on Monday.
The transaction compliments [sic] the existing gym and fitness club portfolio within the company’s group and is consistent with the group’s elevation strategy. Frasers Group looks forward to elevating the gym and fitness assets acquired pursuant to the transaction under the group’s existing iconic Everlast brand, and is also pleased to have saved a number of jobs.
The FTSE 100 has jumped by 1.2% at the opening bell, up 69 points at about 6,071 points.
The Euro Stoxx index, which measures shares including the FTSE and other major European companies, gained 1.2%. It was helped by a gain of 1.3% on France’s Cac 40 and 1.4% for Germany’s Dax index.
from The Guardian https://ift.tt/2EzejcH
