REG - JD Sports Fashion - Acquisition

JD Sports FashionAnnouncement

18/01/2024 07:00

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RNS Number : 0776A  JD Sports Fashion PLC  18 January 2024

 

 

18 January 2024

 

 

JD SPORTS FASHION PLC

 

 

Marketing Investment Group S.A. - completed acquisition

 

 

JD Sports Fashion Plc ('JD' or the 'Group') is pleased to announce it has
completed the acquisition of the 40% minority stake in Marketing Investment
Group S.A. ('MIG' or 'Company') and is now the 100% sole owner.

This acquisition has been completed following receipt of a decision from the
European Commission declaring the transaction compatible with the internal
market.

As a result of taking full control of MIG, JD has both simplified further its
European operations and created the opportunity to accelerate the rollout of
the JD brand in Central and Eastern Europe.

In the financial year to January 2024, MIG generated revenues of approximately
£270m. As at 30 December 2023, MIG operated a total of 403 stores across 13
countries, including 23 JD stores.

 

Enquiries

JD Sports Fashion
Plc
Tel:  0161 767 1000

Régis Schultz, Chief Executive Officer

Dominic Platt, Chief Financial Officer

Mark Blythman, Director of Investor Relations

 

Advisors

Investec Bank Plc - David Flin
                                            Tel: 0207
597 5970

Peel Hunt LLP - Dan Webster
                                           Tel: 0207 418
8869

FGS Global - Rollo Head, Jenny Davey, James Thompson
             Tel: 0207 251 3801

 

About JD Sports Fashion Plc

Founded in 1981, the JD Group ('JD') is a leading global omnichannel retailer
of Sports Fashion brands. JD provides customers with the latest exclusive
products from its strategic partnerships with the most-loved premium brands -
including Nike, adidas and The North Face. The vision of JD is to inspire the
emerging generation of consumers through a connection to the universal culture
of sport, music and fashion. JD focuses on four strategic pillars: global
expansion focused on the JD brand first; leveraging complementary concepts;
moving beyond physical retail by creating a lifestyle ecosystem of relevant
products and services; and doing the best for its people, partners and
communities. JD is a constituent of the FTSE 100 index and had 3,329 stores
worldwide at 30 December 2023.

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