In the ongoing divestment of 15 of JD Sports’ non-core, U.K.-based fashion businesses to the Frasers Group, the transaction has been completed for five more brands: Tessuti, Scotts, Choice, Giulio and Cricket. The company expects to complete the divestment of Topgrade Sportswear later.
According to JD Sports, Rascal Clothing Ltd. has been withdrawn from the current transaction with Frasers, as one of the founders has exercised a pre-emption right that had been agreed to as part of the group’s acquisition of the brand in 2019. The divestment of Rascal was completed on Feb. 6, 2023.
