Sports Direct sells Dunlop brand

Reportedly, Sports Direct sold its Dunlop business – including wholesale and licenses – to Sumitomo Rubber.

The purchase price is US$137.5 million.

Sports Direct will keep a royalty free licence to use the Dunlop brand for premium workwear and safety wear.

Dunlop operates in the UK, Europe, parts of Asia, USA, and Canada. For the year ended 24 April 2016, it had combined revenue of 42.64 million pounds, gross assets of 41.76 million pounds and profit before tax of 4.06 million pounds.