JD Sports completes Iberian JV deal

Sports fashion retailer JD Sports has exchanged contracts to combine its existing business in Spain and Portugal with one of the largest sports retailers in the region. The deal, first announced in March, will see it combine JD Sprinter Holdings, its Spanish and Portugese business, with the Sport Zone business of Sonae, a Portuguese based multinational corporation that manages a portfolio of businesses across a range of sectors. They have an estimated combined turnover of more than €450m and a store network of 311 stores (204 ... For the full story register now for free or login below...
Close