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JD Sports Fashion plc to acquire Hibbett, Inc. for $1.1 billion

JD Sports Fashion plc to acquire Hibbett, Inc. for $1.1 billion

04/23/24, 6:10 AM
Location
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Industry
retail
sports
fashion
retail
fashion
Hibbett, Inc. has announced a definitive agreement in which JD Sports Fashion plc will acquire all outstanding shares of Hibbett for $87.50 per share in cash, representing an aggregate enterprise value of approximately $1.1 billion. The transaction will position JD Sports as a global leader in the sports fashion industry and will enable Hibbett to fulfill its customer-oriented mission more effectively.

Company Info

Company
JD Sports Fashion plc
Location
Bury, England, United Kingdom
Company info
Founded in 1981, the JD Group (“JD”) is a leading global omnichannel retailer of Sports Fashion brands. JD provides customers with the latest athleisure fashion through working with established and new brands to deliver products that our customers most want, across both footwear and apparel. The vision of JD is to inspire the emerging generation of consumers through a connection to the universal culture of sport, music and fashion. JD focuses on four strategic pillars: JD brand first, first priority, first in the world; leveraging complementary concepts to support JD global expansion; moving beyond physical retail by building the right infrastructure and creating a lifestyle ecosystem of relevant products and services; and doing the best for its people, partners and communities. JD is a constituent of the FTSE 100 index and had 3,300 stores worldwide at 4 May 2024.

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