JD, Briggate, Leeds

JD seeks “rental realism” as Covid-19 impacts footfall

JD Sports has seen its sales and profits rise and now expects the growth to continue despite the impact of Covid-19. The sportswear retailer reported a sales growth of 30 per cent to £6.11 billion in the year ending February 1, before the lockdown was implemented. Like-for-likes advanced approximately 10 per cent in JD’s core UK and Ireland business. Meanwhile, pre-tax profit rose three per cent to £348.5 million over the year. JD, which last month put its Go Outdoors business through a pre-pack administration, called for “rental realism” as…

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LA Dodgers vs NY Mets. Photo_ Wikimedia Commons

Real Estate tycoon brothers to bid for New York Mets, Newcastle United

Simon and David Reuben made a fortune in metals, and made an even bigger fortune in real estate. Now, the billionaires are going big into sports on both sides of the Atlantic, with a hefty side dose of property thrown in. The Reubens, whose fortune is estimated by the Sunday Times at more than £18B, are in talks to buy majority ownership of the New York Mets Major League Baseball team, Variety reports. The bid has, in part, been prompted by real estate development opportunities around Citi Field, sources close to the…

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IMAX plus Vindex logo

IMAX partners with esports newcomer

Recently-launched esports infrastructure company Vindex has established a partnership with Canadian cinema company IMAX. Founded by MLG co-founders Mike Sepso and Sundance DiGiovanni, Vindex will create esports events and exclusive content to be shown in IMAX cinemas on a global scale. It’s expected that multiple events across numerous titles will be broadcast in IMAX cinemas globally through the newly-launched Vindex Studios division. The partnership is expected to kick things off in the first half of the year, according to Variety. Mike Sepso, CEO of Vindex discussed the deal in a…

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