IN BRIEF: JD Sports Fashion completes purchase of US retailer Hibbett
26th Jul 2024 14:02
JD Sports Fashion PLC - Manchester, England-based sportswear retailer - Completes acquisition of Hibbett Inc, after Hibbett shareholders voted in favour and all other conditions were met. JD Sports had announced the USD1.08 billion acquisition of Nasdaq-listed Hibbett back in April. The Birmingham, Alabama-based retailer operates 1,169 sports fashion stores across 36 US states, mainly under the Hibbett and City Gear brands. In the financial year that ended February 3, Hibbett recorded USD131.6 million in pretax profit on USD1.73 billion in net sales. Read More