JD Sports swoops for £400m US firm
Bury-based JD Sports Fashion is to acquire one of the largest retailers of athletes’ footwear, clothing and accessories in the US valued at nearly £400m.
It has bought The Finish Line Inc at a price of $13.50 per share, valuing its total equity at $558m.
Finish Line trades from 556 branded retail stores across 44 US states and in Puerto Rico in addition to a well-established multi-channel offering.
It is also the exclusive retailer of athletic shoes, both in-store and online for Macy's, one of the US' premier retailers, op... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...