>>
Home / Knowledge / News / Apparel/Garments / JD Sports completes acquisition of Sport Zone
JD Sports completes acquisition of Sport Zone
06
Feb '18
Courtesy: JD Sports
Courtesy: JD Sports
JD Sports Fashion has completed the acquisition of Sport Zone. The sports retailer has received unconditional clearance from the European Commission for the combination of its existing interests across Iberia with those of Sport Zone in Portugal, Spain and Canary Islands. The acquisition was made on January 31, fulfilling all conditions of the transaction.

"We are delighted that this transaction, which gives us a significantly enhanced presence across Iberia, has now formally completed. The financial benefit derived from Sport Zone will depend on how quickly we can deal with the store portfolio, rejuvenate the offer and realise the necessary cost reductions and synergies. We therefore do not anticipate that the acquisition will be immediately earnings enhancing," said Peter Cowgill, executive chairman of JD.

"However, we remain firm in our belief that, utilising the skills of the very experienced and knowledgeable management team at Sport Zone and our own expertise, there are significant opportunities to improve operational efficiencies and profitability over the longer term across the enlarged Iberian business," concluded Cowgill. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 27th Jan 2022

New train route links China’s Suzhou city to Milan in Italy

A new China-Europe freight train route has been started between...

Pic: Shutterstock

Apparel/Garments | On 27th Jan 2022

UN-WTO report underrates Bangladesh's RMG industry progress: BGMEA

The recent United Nations-World Trade Organisation joint report has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Dhiraj Shah,

Dhiraj Shah

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), set...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Aramark Uniform ;& Career Apparel, LLC
Phong Phu international JSC (PPJ)
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Hirdaramani International Export Private Limited
C;&A Sourcing International Ltd
Restoque S.A.
PVH Corporation
Chico’ FAS
Gokaldas Exports Limited
SYNERGIES HONG KONG LIMITED
Sainsbury's Argos Asia Limited
Grasim Industries Limited
The Top Form Brassiere Manufacturing Company Limited
IDH – The Sustainable Trade Initiative
BIANCA
Lisa S.P.A.
SHAHI Exports Pvt Ltd
NITI Aayog
TESCO INTERNATIONAL SOURCING LIMITED
Benetton Group
Tchibo GmbH
T.T. Limited
IKEA of Sweden AB
Permoda(Koaj/Armi/Pronto/Bkul)
Arvind Limited
Lacoste (Wanchai)
Lululemon Athletica Inc
LC Waikiki
Bluestem Global Sourcing Limited
Under Armour Global Sourcing Ltd
Landmark Group
Sateri (Jiujiang) Fiber Co.,Ltd
Seasalt Limited
Esprit Europe Services GmbH
Babyshop
J ;& P Coats
Helly Hansen Far East Ltd
International Textile Manufacturers Federation
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Rosset ;& Cia Limited
G-Star Raw C.V.
THE BOMBAY DYEING ;& MFG.CO. LTD
Huntsman (Singapore) Pte Ltd
Lifestyle
The LYCRA Company Singapore  Pte. Ltd
Etam Group Strategy Hong Kong Limited
Alison Hayes Romania
Eastman Chemical Company
Target Corporation (MN)
Decathlon
Rayonese Textile Inc., Division de Culp Inc.
Amazon China
Reiter India Private Limited
MAS Active / MAS Kreeda / MAS Bodyline
BIMBA ;& LOLA SL
Desigual - ABASIC, S.A.
Tory Burch Hong Kong Ltd
Recron Polyester from Reliance Industries Limited
KAS Direct Sourcing
Chori Company Limited
Gap International Sourcing Limited
Midas Clothing Limited
Vardhman Textile Ltd
John Varvatos
Calvin Klein
Hela Clothing Pvt Ltd
KIABI
Vianney Textil Hogar S.A. De C.V.
Brandix Lanka Limited
Truetzschler India Private Limited
Page Industries Limited (Bangalore)
Asos
Aquarelle Clothing Limited
Guess Europe Sagl,
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Lenzing Aktiengesellschaft
Green Fibre
Gatsby Africa
Sportswear Company Spa
Abit
OVS Hong Kong Sourcing Ltd.
Sportmaster Ltd.
Walmart
Cat Tuong Real Estate Group Joint Stock Company
Boardriders Asia Sourcing Limited
Splash
Gloria Jeans
Maceton Limited
Alix Partners
Varner AS Retail

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search