18th Mar 2021 09:40
(Alliance News) -Â JD Sports Fashion PLC on Thursday said it has formally completed the USD495 million purchase of DTLR Villa LLC.
The terms of the deal, which completed on Wednesday, remain as outlined back in February.
"We are delighted that this transaction, which gives us an enhanced presence in the north and east of the United States, has now formally completed. We look forward to working with the experienced management team at DTLR and all our colleagues in the United States to further enhance our premium retail experience and become a leading customer destination for sneakers and lifestyle apparel," said Executive Chair Peter Cowgill.
JD back in February said the acquisition of DTLR would enhance its presence in the north and east of the US and complements its existing JD and Finish Line brands alongside the recent acquisition of Shoe Palace, based on the west coast.
Shares in the London-listed sports fashion retailer were down 0.3% at 857.40 pence in London on Thursday.
By Lucy Heming;Â [email protected]
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