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JD Sports steps up US push with $1.1bn Hibbett acquisition

SportzPower Team

Apr 24, 2024 20:04

Read more about JD Sports steps up US push with $1.1bn Hibbett acquisition
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British sportswear retailer JD Sports Fashion Plc has entered into a definitive agreement to wholly acquire “highly complementary” US sports apparel and equipment retailer Hibbett, Inc. to speed up its US expansion and enhance its presence in “the world’s biggest and most attractive sportswear market”.

Under the terms of the deal, Birmingham, Alabama-based Hibbett’s outstanding shares will be sold to JD Sports for $87.50 per share in cash for an aggregate enterprise value of approximately $1.1 billion.

Jul 11, 2019 17:07

Sergio Tacchini announces new ownership

NEW YORK: Italian sportswear brand Sergio Tacchini Wednesday announced new ownership of its brand assets led by entrepreneur Stefano Maroni, Twin Lakes Capital LLC and B Riley Principal Investments LLC, a subsidiary of B Riley Financial, Inc.

Jul 11, 2019 16:07

Titleist parent acquires ski and golf sportswear company

FAIRHAVEN, Mass.: Acushnet Holdings Corp., parent company of golf equipment brand Titleist and golf wear brand FootJoy, Wedesday announced the acquisition of KJUS, a premium global ski and golf sportswear company. The KJUS brand was born following brand namesake Lasse Kjus’s historic feat at the 1999 World Ski Championships, where he medaled in each of the Championships’ five disciplines.

Jul 10, 2019 16:07

India 4th worldwide for illegal EPL streaming: Study

SANTA MONICA, Calif.: Worldwide illegal streaming of the Premier League (EPL) delivers £1 million in uncaptured sponsorship media value per match, according to new study.

Jul 09, 2019 17:07

Invest more in women’s football, Anand Mahindra exhorts

MUMBAI: The magnificent exploits of Team USA in the just concluded 2019 FIFA Women's World Cup, which has captured the imagination of pundits and fans the world over, has also caught the attention of Mahindra & Mahindra chairman Anand Mahindra.

Jul 09, 2019 15:07

Stadium privatisation: Sports Min seeks govt plan details

NEW DELHI: The Sports Ministry has sought a detailed proposal from the Central government about its plans to privatise premium sports infrastructure like the iconic Jawaharlal Nehru Stadium here.

Jul 08, 2019 15:07

Lagardère Sports sale process shifts up a gear

PARIS: Lagardère SCA, the holding company of the Lagardère Group, declared Monday it was "currently in the process of evaluating the strategic options for the sale of all or part of" its multinational sports and entertainment agency Lagardère Sports.

Jul 08, 2019 14:07

China's fitness industry has 64m+ active monthly users: report

BEIJING: Active monthly users (MAU) in China's fitness sports industry 1.7% year on year to 64.22 million by the end of May 2019, an industrial report shows.

Jul 06, 2019 17:07

Share for sport in budget: FICCI assesses outcomes

NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI), in its assessment of the allocations made for sports by Union Finance Minister Nirmala Sitharaman while presenting her first Union Budget in Parliament on Friday, sees two principal outcomes IF there is proper utilisation of the funds rendered.

Jul 05, 2019 16:07

Budget 2019: Ntl sports edu board under Khelo India

NEW DELHI: Union Finance Minister Nirmala Sitharaman on Friday stated that the government will set up National Sports Education Board under the Khelo India programme. "To popularise sports at all levels, National Sports Education Board for development of sportspersons to be set up under Khelo India," Sitharaman said, while presenting the Union Budget 2019-20 in Parliament.

Jul 04, 2019 15:07

Kumite 1 League parent offloads 12.5% stake

MUMBAI: Anand Pandit owned Lotus Group of Companies has acquired 12.5% stake in BSE-listed Toyam Industries Limited, at a company valuation of $30 million. Toyam Industries is one of India's biggest sports management and marketing brands promoting combat sports through Kumite 1 League, an Indian mixed martial arts promotion.

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