REG - JD Sports Fashion - Disposal of Footasylum Limited

JD Sports FashionAnnouncement

01/08/2022 07:00

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RNS Number : 3451U  JD Sports Fashion Plc  01 August 2022

1 August 2022

 

JD Sports Fashion Plc

 

Disposal of Footasylum Limited

 

JD Sports Fashion Plc ('JD' or the 'Group'), one of the world's leading
retailers of sports, fashion and outdoor brands, announces that on 29 July
2022, it exchanged contracts to sell Footasylum Limited ('Footasylum') and its
associated subsidiaries to AURELIUS Group ('AURELIUS') for £37.5 million.

 

The sale has been agreed in accordance with the final undertakings issued by
the Competition and Markets Authority ('CMA') on 14 January 2022, following
its decision to prohibit JD's acquisition of Footasylum last year. JD has
cooperated with the CMA throughout the divestment process, including ensuring
that the purchaser was acceptable to the CMA and met certain key criteria set
out within the final undertakings. The sale is anticipated to complete in the
coming weeks with no conditionality.

 

Kath Smith, Interim CEO of JD, said:

 

"I would like to sincerely thank the teams at AURELIUS and Footasylum who
worked collaboratively with the CMA to agree this transaction. We wish both
parties every success for the future."

 

 

Enquiries:

 

JD Sports Fashion
Plc
                                Tel: 0161 767
1000

Kath Smith, Interim Chief Executive Officer

Neil Greenhalgh, Chief Financial Officer

 

FGS
Global
 
Tel: 0207 251 3801

Rollo Head

Jenny Davey

James Thompson

 

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