REG - JD Sports Fashion - CMA approves JD Group's acquisition of Go Outdoors <Origin Href="QuoteRef">JD.L</Origin>

JD Sports FashionAnnouncement

18/05/2017 07:16

RNS Number : 5136F
JD Sports Fashion Plc
18 May 2017
18th May 2017
JD Sports Fashion Plc
CMA approves the JD Group's acquisition of Go Outdoors
JD Sports Fashion Plc ('Group'), the leading retailer of sports, fashion and outdoor brands, is delighted to announce that its acquisition of Go Outdoors Topco Limited ('Go Outdoors') has today been given unconditional approval by the Competition and Markets Authority (CMA) and that the CMA's investigation is now complete.
Go Outdoors is a nationwide omnichannel retailer catering for the outdoor enthusiast and specialist alike with 58 stores across the UK at acquisition, the majority of which are situated in out of town retail parks. This acquisition will complement the Group's existing offering in the outdoor market.
Peter Cowgill, Executive Chairman, commented: 
"I am pleased with the outcome of the CMA's investigation and delighted to welcome Go Outdoors to the JD Group. Go Outdoors will make an excellent addition to the existing JD Outdoor business and I am confident that it will build upon Blacks', Millets' and Tiso's recent success on the high street and strengthen our consumer proposition within the Outdoor sector." 
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Brian Small, Chief Financial Officer
MHP Communications  Tel: 0203 128 8100
Andrew Jaques
Barnaby Fry
Nessyah Hart

This information is provided by RNS
The company news service from the London Stock Exchange
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