One of the most famous names in independent menswear is independent no more – having been quietly snapped up by retail giant JD Sports earlier this year.
The news was not released formally, rather the purchase was first spotted by The Business Desk, who noticed updates on the Manchester retailer’s Companies House profile last month.
The sale went ahead in January of this year, with it being reported that founders Steve Sanderson and Nigel Lawson – who first established the iconic Thomas Street retailer in 2002 – have now stepped away from the business.
Long considered a vanguard of Mancunian style, over the years Oi Polloi has counted the likes of Ian Brown, Bernard Sumner and Liam Gallagher amongst its regular customers.
Oi Polloi
The brand also launched a second, smaller, outlet in London’s Soho back in 2015, Heralded at the time, it was heralded as a home for Mancunian fashion in the south, it later closed in 2019.
ADVERTISEMENT
Over the past near-two decades, the Northern Quarter site has become a cultural institution – perfectly typifying the relationship of exchange between Manchester’s music and fashion scenes and namechecking the likes of The Fall, Oasis, The Smiths, Happy Mondays, New Order, Joy Division and Buzzcocks along the way.
But back when they founded the store in 2002, Sanderson and Lawson were simply looking to build the sort of store they themselves wanted to shop in.
ADVERTISEMENT
Derived from the Ancient Greek, Oi Polloi loosely translates to the many or, in the stricter sense, the people. Here in Manchester, it’s come to stand for the working-class (albeit not working-class prices).
Growing up, there was nowhere you could go that would have Lacoste, Levi’s, Adidas, Nike and Barbour all under one roof. So they decided to build it.
As a result, their shop quickly became a hit with stylish gents in the know – highly rated for its mixture of leading and emerging labels, classic pieces, sportswear, hunting gear and sixties bombers.
ADVERTISEMENT
Having championed the likes of Patagonia, Fjällräven, The North Face and Champion well before the hype beast buyers at JD brand Size? clocked on, we suppose it’s no surprise that JD had their sights set on the original independent menswear retailer.
JD Sports
The sale comes as part of a bigger acquisition move by JD. The firm raised £460 million through a share placing earlier this year, which it is now using as a ‘war chest’ to fund its global expansion.
The retail magnate also recently took on Liam Gallagher’s Pretty Green brand after it went into administration, and is currently in the process of confirming a merger with Rochdale-based company FootAsylum.
When compared to its takeover of US firms Finish Line, DTLR and Shoe Palace, Oi Polloi is a relatively small purchase – but the change of hands is likely to hit locals hard here in Manchester.
After all, whilst it doesn’t seem like anything has changed from the outside – we’re not sure that it’s ever going to be quite the same there again.
Forever an institution, Oi Polloi is officially in the big boys club now.
News
Amazon to donate surplus essential goods to Greater Manchester families in need
Emily Sergeant
A new charity initiative has been launched this week to help more than 50,000 families in need across Greater Manchester.
The Brick-by-Brick Project has been set up with support from Amazon, Mayor of Greater Manchester Andy Burnham, former Prime Minister Gordon Brown, and Wigan-based charity The Brick, and it’s setting out to donate more than 400,000 surplus essential goods to over 50,000 families in need throughout the region this year.
With the rising cost of living crisis sadly continuing to make its impact felt nationwide, the Brick-by-Brick Project will work as a community donations hub, where Amazon and other local companies can donate a wide range of surplus products to.
While reducing waste and helping the community at the same time, the donated surplus products will then be distributed out to to people in need through a network of local charity groups and care professionals – including teachers, midwives, and social workers.
Amazon to donate surplus essential goods to Greater Manchester families in need / Credit: Amazon UK
The launch of the initiative comes after it was revealed that, in February 2023, more than 32,500 people in Wigan, and the borough town of Leigh, were claiming Universal Credit, while 29 of the borough’s 200 neighbourhoods also all fall within the 10% most deprived neighbourhoods in England, which makes up for roughly 15% of Wigan’s total population.
The Wigan project is an extension of the ‘multibank’ model first launched in Fife in Scotland as ‘The Big House’ in 2022, which has now supported 50,000 families in Fife, Edinburgh, and the Lothians.
The Brick-by-Brick Project will bring the knowledge and network of charity, The Brick, together with other local charities, logistics expertise, donations from Amazon, and product donations from other national and local retailers to “provide the right products at the right time”.
Today we are excited to be officially launching our Brick-by-Brick Project – England’s very first multi-bank, offering a range of essential household items to families in need, from bedlinen to towels to kitchen utensils and cleaning products. #BrickByBrick@GordonBrown@AmazonUKpic.twitter.com/sLND8BetYB
Suppliers and partners will provide products that “meet the particular needs of families in the area”.
Some of the essential surplus products set to be distributed include bedding, toiletries, nappies, wipes, clothing, backpacks, home furnishings, lightings, and electrical products.
Speaking on the launch of the project this week, Andy Burnham said: “Last year, Gordon Brown invited me to Fife to see for myself the work he was doing with Amazon and a local charity there to support thousands of families with essential household items.
“The project made a huge difference to people’s lives, and that’s why I was determined to work with Gordon and Amazon to set up a pilot in Greater Manchester, so I’m delighted that we’ve been able to support the partnership with The Brick and I’m blown away by what has been achieved so far.
More than 50,000 families in the region are set to benefit from the new initiative / Credit: Amazon UK
“Families in Wigan are struggling in this cost of living crisis and that is why this project is vital in helping those who need it most.
“During these difficult times, it’s right that the public, private and VCSE sector work together and do what we can to alleviate difficulties, and I congratulate all those involved in this, and look forward to it being rolled out elsewhere across Greater Manchester.”
Amazon’s UK Country Manager John Boumphrey added that the company is looking forward to “providing much-needed support” to families in other communities in Greater Manchester this year.
Qatar and Sir Jim Ratcliffe set to submit ‘world record’ offers to buy Manchester United as other bidders are expected to join the race
Danny Jones
The deadline for the second round of bidders in the race to takeover Manchester United football club has officially passed, with multiple world record offers reportedly on the verge of being submitted.
Following the first round of bids, which saw a Qatar investment group headed up by Sheikh Jassim bin Hamad Al Thani, and British billionaire Sir Jim Ratcliffe both put in their initial offers, Manchester United set a second deadline of 9pm on 22 March for them to increase their offers and welcome other offers.
While the opening bids matched each other at £4.5 billion, working with financial advisors Raine Group who are brokering in the deal from the US, neither reached the Glazer family ownership’s estimations, who value the club closer to £6bn.
As a result, both went on to carry out further negotiations — each visiting Old Trafford last Friday and staying for upwards of six hours (more than 10 in the case of the Qataris) — but it is now thought they may no longer be the only parties involved in the bidding war. Whether it will be in time is the issue.
🚨 BREAKING 🚨
Sheikh Jassim and Sir Jim Ratcliffe’s Ineos have not submitted their bid for Manchester United before the 9pm deadline pic.twitter.com/XTc0rVKAn2
Kaveh Solhekol trying to clear up the confusion over Qatar and Jim Ratcliffe’s United bids.
Despite earlier reports that Sheikh Jassim and his associates had submitted a “world record offer” before the Glazers and Raine Group’s 9pm deadline (5pm New York time), Sky Sports‘ Kaveh Solhekol has now clarified that the bid was not submitted in time and that they have asked for an extension.
Man United are said to have agreed to the extension and Sheikh Jassim still remains confident that they have the “best bid” of the bunch.
Moreover, as per the likes of Mike Keegan, Jim Ratcliffe was also set to enter his second bid, with both offers said to have increased to around the £5bn mark. However, the INEOS chief exec is also said to have failed to meet the deadline and been granted an extension, according to a senior source.
Kaveh also went on to detail that multiple other offers have in fact been submitted, with the numbers said to be “approaching eight” different bidders.
Many bids have gone in for #mufc this evening, approaching eight [@SkyKaveh]
Any bid of more than £3.75bn would break the world record fee for a sports club set when the Denver Broncos were sold last summer.
As for the frontrunners, both offers are still around a billion short of the Glazer’s asking price and not only have Sheikh Jassim and co. already warned they will ‘walk away’ if the price is too high, but it’s unclear how far Ratcliffe’s wealth can stretch if he is to continue pursuing a deal.
The key difference between the two bids is that Qatar’s bid will apparently make the club debt-free given the sheer mass of state wealth behind them, whereas the Failsworth-born businessman’s financing may be more complex to put together.
Trying to clear up the confusion, The Times‘ Matt Lawton said on Twitter that “both Qatari and INEOS representatives said their bids were in, United sources [are] saying they haven’t yet bid and have asked for an extension”, with offers now set to be made by tomorrow.
As reported by Sky Sports earlier this week, it was thought that “at least five other bidders” and as many as eight in question could join the race along with Ratcliffe and Qatar, who were the only two parties to have submitted an official offer for United during the first round of bidding.
However, a detailed list of the other candidates and precisely how many are still yet to be confirmed; Kaveh did go on to suggest that some could simply be a form of “hot air” designed to hopefully urge the ‘serious bidders’ to edge their offers up even higher.
As for next steps, neither of the parties in the supposed two-horse race expect an immediate decision from the board, especially after the unexpected delay, and those who submitted new offers in the second round of bidding will have to wait at least seven days to hear back from the club and brokers Raine Group regarding their progress.
However, it is worth noting that these subsequent bids may not necessarily be attempts to buy the club outright and not only is there a feeling that a third round of negotiations could take place, but there is also a growing sense that the Glazers could still pull out of a potential buyout altogether.