Advertise with

The interior of Sportsmans Warehouse Stoneridge
The interior of Sportsmans Warehouse Stoneridge

Sportsmans Warehouse parent to list


Fin24 - Jun 13th 2011, 07:35

Johannesburg - The sporting, leisure and recreational goods retailer Holdsport plans to list on the main board of the JSE during the second half of 2011. UBS has been appointed as adviser and sole bookrunner for the offer, the company said on Monday. 

Holdsport, with turnover of around R1.1bn and strong cash flows, is a nationwide retailer of specialist sports and outdoor apparel and equipment. It has a network of 33 Sportsmans Warehouse and 18 Outdoor Warehouse stores around SA. It provides local and international brands to a broad customer base from sporting beginners to veterans.

It also has an investment in First Ascent, an independently managed business which supplies technical apparel to the sporting goods industry.

Holdsport's history dates back to 1986 when the first Sportsmans Warehouse was opened in Rondebsoch, Western Cape. It has since grown to 51 stores in South Africa and one Sportsmans Warehouse in Windhoek, Namibia.

The proposed listing would see the majority of the private placement coming from Ethos Private Equity Fund V, selling shares it acquired in a buyout during September 2006. 

Related News

Violence can impact availability of retail stock in SA, says industry body
12/09/2019 - 14:06
The Consumer Goods Council of South Africa (CGCSA) is concerned that the violent protests in the country could lead to a significant impact on stock available for retailers.

UK retailers bristle at demand of no-deal Brexit
10/09/2019 - 14:52
A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is stoking anger in the industry, with bosses saying they should not be blamed if people can't find everything they want on the shelves.

Customer loyalty – It’s a dog’s life
02/09/2019 - 11:05
Acquiring today’s customer is a lot like getting a dog. They provide an endless amount of value and the feel-good sense of confidence that you’re doing a good job.

Retail stocks: Look out for the potholes and opportunities
26/08/2019 - 16:22
Retailers and wholesalers on the JSE have been clobbered since their respective 2018 financial results.

Retailers rally in support of the Sunflower Day Campaign
29/07/2019 - 11:10
Every year, millions of individuals around the world are diagnosed with cancer. In 2018, just under 1.5 million new cases of blood cancer were recorded worldwide and according to a special report by Discovery Health released in 2018, cancer causes more deaths in South Africa than HIV/ Aids, TB and malaria combined.