Rolls-Royce UltraFan technology demonstrator build complete and getting ready to test in Derby
Former Lincolnshire County Council offices hit the market
Nottingham City Council makes senior finance appointment
Galaxy Row set to progress
- West Park visitor attractions, including an events space and waterfront.
- Stable Block Managed Workspace Units. Conversion of a former stable block into office space.
- Pedestrian and cycleway improvements, including bridges at Broad Street which connects West Park to the town centre and Britannia Road.
- Improving Derby Road Junctions around Long Eaton Green.
- Long Eaton High Street.
HMP Fosse Way prison extension approved
2023 Business Predictions: Donald Ward, operations director at WARD
2023 Business Predictions: Jennie Holland, Managing Director, Jennie Holland PR
HSH Cold Stores to acquire fellow Grimsby firm
Frasers Group snaps up raft of fashion brands from JD in £47.5m deal
Shirebrook-based Frasers Group has acquired a number of premium fashion brands from JD Sports Fashion.
The deal, including Base Childrenswear, Choice, Clothingsites (including Brown Bag Clothing), Cricket, Giulio, Kids Cavern, Missy Empire, Nicholas Deakins, Pretty Green, Prevu Studio, Rascal Clothing, Tessuti (including Xile), Scotts, Watch Shop and Topgrade Sportswear (including Get The Label), comes by way of the acquisition of shares held by JD and the transfer of all of the indebtedness owing to JD by the businesses, by, and to, subsidiaries of Frasers Group.
The amount payable for the acquisition of the shares and the indebtedness from JD is up to £47.5 million in the aggregate and will be funded from Frasers Group’s existing cash resources.
Completion of the acquisition of eight of the businesses and the debt took place on exchange, with completion of the acquisition of the remaining seven businesses (Cricket, Tessuti, Scotts, Giulio, Choice, Rascal Clothing and Topgrade Sportswear (including Get The Label)) expected to take place in early 2023.
Auctioneer reinforces senior management team with new director promotion
Following significant growth of the business, Nottingham-headquartered national auction house, John Pye & Sons Ltd, has reinforced its senior management team by appointing Addison Pye to the Board of Directors.
Addison Pye, grandson of founders Ann and John Pye, has been promoted to director from his previous position as a commercial manager, providing security and clear succession among the firm’s senior management.
With more than seven years of experience throughout the business, starting as an auction porter, Addison has more recently led expansion projects in Europe with a new facility in Zaragoza in Spain. In addition, Addison has played pivotal roles in the development of new initiatives within trading and delivery departments, with him and his team often acting as the bridge between many operational departments, from IT to the sale rooms and marketing, requiring both creative and critical thinking skills daily.
Addison Pye, director, said: “I’m excited and honoured about the director’s decision to elect me to join the John Pye & Sons Ltd Board. I look forward to bringing my ideas to the table and continuing the rapid expansion of this dynamic business.
“It feels surreal to be following in the footsteps of my grandparents, the founders of the business, and I’m delighted to now be a part of the company I’ve grown up being fascinated with. I’m extremely driven to make the family and company proud and achieve our full potential over the years to come.”
John Pye & Sons Managing Director, Adam Pye, said: “Naturally I’m delighted and very proud. The continued success of the current Board is vital for our clients, customers and colleagues alike.
“My parents and founders, Ann and John are very proud, not just because the family business remains on a good course, but because Addison has a natural flare for business and finance. Addison’s well-rounded ability and creativity bring a new dynamic to the board and demonstrates the company’s ambition for the future.”
John Pye Auctions has continued to take industry leading strides in a record breaking 2021/22 financial year, now employing over 700 staff members and expanding into Europe. It recently celebrated having exceeded £33 million turnover for its last set of unaudited accounts, improving on the previous year’s turnover of £26.4 million by over 28 per cent, as it continues to realise its ambitious plans for growth.


