ARTICLE BY RM
Jd Sports Finish Line
Jd Sports Finish Line
Jd Sports Finish Line

JD Sports Buys Finish Line For $558 Million

JD Sports just made a big move in the footwear industry. The UK retailer made headway in the US market by acquiring Finish Line for a reported $558 million USD. As power plays go, this deal is a two-for-one, as it also edges out long-time JD competitor Sports Direct International Plc, who have a large share in Finish Line.

Peter Cowgill, JD’s executive chairman, is quoted as saying: ‘This is a landmark day for JD and will be transformational for the business. It immediately offers a major presence in the US, a clear next step to further increase our global scale.’

It’s not clear what the immediate fall-out from the deal will be, or what this means for Finish Line customers, but we’ll keep you posted as the deal is finalised.

Now ReadingJD Sports Buys Finish Line For $558 Million

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