JD Sports Fashion Plc CMA approves JD Group's acquisition of Go Outdoors (5136F)
18 May 2017 - 4:12PM
UK Regulatory
TIDMJD.
RNS Number : 5136F
JD Sports Fashion Plc
18 May 2017
18th May 2017
JD Sports Fashion Plc
CMA approves the JD Group's acquisition of Go Outdoors
JD Sports Fashion Plc ('Group'), the leading retailer of sports,
fashion and outdoor brands, is delighted to announce that its
acquisition of Go Outdoors Topco Limited ('Go Outdoors') has today
been given unconditional approval by the Competition and Markets
Authority (CMA) and that the CMA's investigation is now
complete.
Go Outdoors is a nationwide omnichannel retailer catering for
the outdoor enthusiast and specialist alike with 58 stores across
the UK at acquisition, the majority of which are situated in out of
town retail parks. This acquisition will complement the Group's
existing offering in the outdoor market.
Peter Cowgill, Executive Chairman, commented:
"I am pleased with the outcome of the CMA's investigation and
delighted to welcome Go Outdoors to the JD Group. Go Outdoors will
make an excellent addition to the existing JD Outdoor business and
I am confident that it will build upon Blacks', Millets' and Tiso's
recent success on the high street and strengthen our consumer
proposition within the Outdoor sector."
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Brian Small, Chief Financial Officer
MHP Communications Tel: 0203 128 8100
Andrew Jaques
Barnaby Fry
Nessyah Hart
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMMGMKVRGGNZG
(END) Dow Jones Newswires
May 18, 2017 02:12 ET (06:12 GMT)
Jd Sports Fashion (LSE:JD.)
Historical Stock Chart
From Apr 2024 to May 2024
Jd Sports Fashion (LSE:JD.)
Historical Stock Chart
From May 2023 to May 2024