The universally respected Sir David Jones has tackled challenges before but his battle to save JJB Sports from what seemed like certain failure at the start of the year was in his words “the biggest challenge I have ever had”. If ever there was any doubt, after turnaround at Next and Morrisons, over the influence that Jones still wields in retail there is none now.
Succeeding where so many others have failed - pushing through a company voluntary agreement with the backing of over 99 per cent of JJB’s creditors - Jones rescued the chain from going bust and secured refinancing.
Although there is still much to do to secure a long-term future for the beleaguered sports chain there are few who could have used their influence, skill and sheer respect the way Jones has. This is proof that in the toughest times it is often those with the most experience that can steer businesses back into a more positive direction.