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Further details:
British sportswear retailer JD Sports has acquired Go Outdoors in its latest bid to strengthen its position in the outdoor goods market.
JD Sports said on Monday it had acquired the entire share capital of Go Outdoors, which sells goods including waterproof clothing, tents and bicycles, for £112.3m including £16m of net debt.
JD Sports, better known for selling sportswear such as trainers and football kit, said the acquisition would “complement” its “existing significant interest in the outdoor market”.
The group bought the Blacks and Millets chains in 2012, and has operated a separate business branded Ultimate Outdoors since 2014. The company also bought a controlling stake in Tiso Group, an Edinburgh-based outdoor chain, in 2013.
Peter Cowgill, executive chairman of JD Sports, said on Monday: “Go Outdoors is a great addition to our existing outdoor business.”
“The minimal overlap in store locations and their out-of-town, one-stop retailer approach complements the work we have done on the high street with Blacks and Millets and further strengthens our offering in the outdoor sector,” he added.
Source: Financial Times
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Topic: JD Sports buy Go Outdoors
