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BREAKING NEWS

BREAKING NEWS

Findel scraps menswear rollout plan with Sports Direct

Findel scraps menswear rollout plan with Sports Direct
FILE PHOTO: A company logo is seen outside a Sports Direct store in Vienna, Austria, April 28, 2016. REUTERS/Leonhard Foeger -
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Leonhard Foeger(Reuters)
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(Reuters) – British online retail and education business Findel has dropped plans to roll out licensed menswear in partnership with Sports Direct International after pilot runs showed that it would not be beneficial.

The company said on Wednesday it still exploring potential for access to other brands owned by Sports Direct, its largest shareholder.

Findel also posted a 17.7% rise in adjusted profit before tax, boosted by strong growth in its personal shopping platform Studio.

(Reporting by Sangameswaran S in Bengaluru; Editing by Saumyadeb Chakrabarty)

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