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Thread: Fosters

  1. #1
    Talk Angling User Talk Angling Behemoth jimbo61's Avatar
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    Default Fosters

    Rumours abound that Fosters have been bought out by Angling Direct, Can anyone confirm whether this is correct?
    Great shop, great service and really good knowledgeable staff. Fingers crossed that rumours are unfounded.

  2. #2
    Talk Angling User PHD in Angling tunna's Avatar
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    Bad news Jimbo saw this on Md's Yesterday, https://www.maggotdrowning.com/forum...OPIC_ID=198908
    PROLINE ANGLING PRODUCTS

  3. #3
    Talk Angling User Talk Angling Behemoth Ducci82's Avatar
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    Sold for £3..million...I'm sure they will retain their staff but...I would have thought they will want to make this there flagship store as Foster's has such a strong following and it's central location offers great access...I think a good tidy up and a bit of re-branding will breathe new life into the business.
    " if a dogs born in a stable, does it make it a horse? Aye up ducky!!

  4. #4
    Talk Angling User Talk Angling Behemoth jimbo61's Avatar
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    Press Release.........

    Fosters of Birmingham Sold

    Angling Direct Plc (AIM: ANG.L), the largest specialist fishing tackle and equipment retailer in the UK, is pleased to announce that it has acquired the entire issued share capital of Fosters Fishing Limited ("Fosters") for a total consideration of £3.0 million payable in cash.

    From a 17,000 sq ft superstore located on the outskirts of Birmingham, Fosters, which trades as Fosters of Birmingham, currently operates as one of the largest fishing tackle retailers in Europe. Having been in business for over 30 years and holding c£1.2 million of stock, Fosters caters for all types of fishing disciplines. The store is located just 5 minutes from J6 of the M6 and just 3.5 miles from Birmingham city centre.

    This latest acquisition increases Angling Direct's presence in the Midlands, together with its Halesowen and Willenhall stores. The acquisition takes the total number of Angling Direct stores to 17, with a new store in Slough due to open in early October as previously announced.

    Following completion of the acquisition, Mark Foster, will remain with Fosters for a few weeks to ensure a smooth handover, and Richard Foster, will continue to work in the business on a part time basis.

    Darren Bailey, CEO of Angling Direct, commented: "Fosters is a long-established and very successful business with a loyal customer base and knowledgeable team. The acquisition will be earnings enhancing from day one and validates Angling Direct's long-term strategy - to consolidate the fishing tackle market whilst expanding our business through acquisition.

    "We look forward to working closely and supporting the Fosters team with the integration over the coming months."

  5. #5
    Talk Angling User Talk Angling Behemoth Ducci82's Avatar
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    Tbf I thought this was happening when they shut down for 2 days to do a full stock take...
    " if a dogs born in a stable, does it make it a horse? Aye up ducky!!

  6. #6
    Talk Angling User PHD in Angling tunna's Avatar
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    Statement From Fosters of Birmingham

    We also don't want change and AD don't want to change what we've built up, they [Angling Direct] just want to better everything where they can. Being the size that we are, they plan on making us the best stocked shop in the country and I'm sure the plans for in-store will only enhance you experience. AD also recognise that the staff are like an extended family and a lot of customers come here for the friendly staff and that's something they simply won't change.
    PROLINE ANGLING PRODUCTS

  7. #7
    Nil Satis Nisi Optimum PHD in Angling SPADGER's Avatar
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    Give them time.
    They will soon fill it full of cheap carp tackle and budget price garbage. Ron Thompson, TFG to name but 2.
    On the gathering storm comes a tall handsome man, in a dusty black coat and red right hand.

  8. #8
    Talk Angling User PHD in Angling MT NET's Avatar
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    There are a few very good Angling direct branches,there’s also some proper crappy ones as well
    OFFICIAL CHAUFFER TO FAT LADS WHO CANT HOLD THERE DRINK

  9. #9
    Monster Fish Site Life Member Preston_Mark's Avatar
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    One shop I have never visited but have always meant to
    Mark

    "At the end of the day it's another day over" Les Misérables - Victor Hugo

  10. #10
    Barbel Man TA 750+ Club Johnny Care's Avatar
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    will be the end of discounts for the regular customers....
    Real men fish rivers

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