The management of JD Sports Fashion confirms the acquisition of Fenchurch, a British brand of streetwear, and some related assets for £1 billion. The brand had an annual turnover of around £10 million (€11.3m-$16.2m) including the sales of its four stores, which have all been closed. JD will use some of the inventory for its Bank stores immediately. It plans to market the brand directly only in the U.K., and to explore licensing opportunities in other countries. Notably, the Fenchurch brand enjoys some demand in Spain.

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