Feb 1, 2021

JD Sports spends $495m on Baltimore-based sportswear company

UK retailer JD Sports is moving further into the US with the $495m acquisition of DTLR Villa, a Baltimore-based sportswear company. The company opened its first five US stores under the JD brand the same year and opened a flagship outlet in New York's Times Square in 2020. The London-listed company said it would fund the all-cash purchase through existing liquidity and bank facilities. Originally known as Downtown Locker Room, the Baltimore company merged with Sneaker Villa of Philadelphia in 2017. The acquisition will add to the UK company's roster of more than 2,600 stores, 830 of them under the JD Sports brand.

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