Feb 1, 2021

JD Sports doubles down on US expansion with $500m deal

JD Sports is doubling down in the US, with the sportswear specialist announcing a big expansion of its store fleet across the pond. The company said it has agreed a $495m deal to buy DTLR Villa, a "Hyperlocal athletic footwear and apparel streetwear retailer" based in Baltimore, Maryland. JD Sports already operates more than 500 stores in the US moved into the market through the 2018 acquisition of Finish Line for $558m, with the group also buying California-based Shoe Palace for $325m last in December. Fiscal half-year results to December from the fund supermarket showed profit before tax rising 10 per cent to £188.4m, with the interim dividend hiked 6 per cent to 11.9p per share. The stock starts trading on Aim today with a debut market value of £156m. S4 Capital, Martin Sorrell's digital advertising start-up, announced a deal to buy the assets of Datalicious, a data analytics business owned by credit checking agency Equifax.

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