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JD Sports buys US rival in £878m deal

JD Sports Fashion has agreed a £878 million deal to buy American sportswear retailer Hibbett. JD Sports said it would pay 87.5 US dollars (£70.90) a share for Hibbett in cash, with aims for the acquisition to give it a stronger foothold in the all-important American market. Headquartered in Birmingham, Alabama, Nasdaq-listed Hibbett has 1,169 stores in 36 states and trades under the main retail brands Hibbett and City Gear. […]

todayApril 23, 2024 5

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