JD Sports Fashion says it has paid about £112.3 million (€131.6m-$139.3m) to acquire the entire issued share capital of Go Outdoors, a British outdoor retailer with 58 large-scale stores, while assuming net debt of about £16 million as part of the transaction. Go Outdoors had sales of £202.2 million (€237.0m-$250.9m) for the 53 weeks until the end of January, yielding an operating profit of £6.1 million (€7.15m-$7.57m), a profit before tax of £4.9 million (€5.74m-$6.08m) and gross assets of £76.4 million (€89.6m-$94.8m). This compares with sales of £155 million for the outdoor retail division of the JD Sports Fashion group in the 52 weeks until Jan. 30. At the end of that fiscal year it boasted 182 stores trading as Blacks, Millets, Ultimate Outdoors and Tiso, among others. The tie-up thus forms a British outdoor retailer with pro forma sales of £357.2 million (€418.8m-$443.3m) in the latest fiscal year. The JD group said in a statement that the two networks are complementary, since most of the Go Outdoors stores are situated in out of town retail parks, while many of the JD group's outdoor stores are in city centers. Go Outdoors was established in Sheffield in 1998 by Paul Caplan and John Graham, backed by YFM Equity Partners and later the 3i Group. Caplan and Graham will both leave the business upon completion of the transaction.

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