UK-based retailer JD Sports has agreed to buy the remaining shares of Footasylum, in a cash deal, a month after it took an initial stake in the company
For the year ended on the 31st of December of 2017 Pentland recorded total group revenue of 3.6 billion British pounds (4.7 billion US dollars), a 25% increase from last year. Performance was much driven by JD Sports Fashion
As a result of the merger, Finish Line has become an indirect wholly-owned subsidiary of JD Sports, a leading European retailer of sports, fashion and outdoor brands, thereby creating a market-leading multi-channel, multi-branded retailer of sports fashion and footwear with expanded global scope
The UK-based sports retailer has entered into an agreement to buy Finish Line, an American retail chain dedicated to athletic shoes, apparel and accessories. The new owner will win instant presence in the US