JD Sports takes further stake in Deporvillage

Retail giant JD Sports  has taken a further stake in online sports retailer Deporvillage.

The retailer’s Spanish division, Iberian Sports Retail Group, has agreed to acquire an additional 18% stake in Deporvillage for EUR19.8m

In June 2021, Iberian Sports bought a majority 80% stake in Deporvillage shares.

Deporvillage was founded in Spain, but now operates country-specific websites for Italy, France, Portugal, Germany and the UK.

It specialises in cycling, running, outdoor, and other sports categories.

Deporvillage was founded in 2010 and is based in Manresa in Catalonia, Spain by co-founders Xavier Pladellorens and Àngel Corcuera,

Following the transaction, ISRG own 98% of Deporvillage with the co-founders retaining a 2% interest.

As part of the deal, the co-founders will, following a transition period, step away from the management of the business.