By Elena Vardon JD Sports Fashion is buying Hibbett in a deal that values the American retailer at $1.08 billion, doubling down on its push into the U.S.
The U.K.’s biggest sportswear retailer JD Sports is to buy Alabama-based athletic fashion retailer Hibbett Inc. for about $1.08 billion, the companies said.
Birmingham-based sports retailer Hibbett is being acquired by U.K.-based JD Sports in a deal totaling $1.08 billion. The Wall Street Journal is reporting the deal will create a company with combined revenue of $5.
JD Sports is racing ahead with plans to crack the American market through the $1 billion acquisition of Hibbett, the US sports fashion retailer. The self-proclaimed “king of trainers” said it would pay $87.