JD Sports plans to acquire Hibbett in £899m deal, accelerating US expansion
JD Sports has announced its agreement to acquire US sportswear brand Hibbett for £899 million, aiming to accelerate its expansion in the United States. The move is expected to bolster JD Sports’ growth plans in North America, enhance its Complementary Concepts division, and strengthen its relationships with brand partners. Additionally, ...
Court approves BowFlex purchase agreement
The US Bankruptcy Court for the District of New Jersey has approved the sale of the acquired assets of Bowflex, Inc. under the terms of the previously announced stalking horse asset purchase agreement between Bowflex and Johnson Health Tech Retail, Inc., the parent company of the Matrix fitness equipment brand.
US sporting goods imports decline sharply in Q1
The first quarter of this year witnessed a continued downturn in imports to the US of footwear, apparel, and equipment, marking a significant decline compared to the same period last year. According to the latest data from the ITC database, the declared customs value dropped by 33 percent to $3,687.1 ...
Change of Iberian plans for Sprinter, Sport Zone
JD Sports will be switching 28 to 30 Sprinter and Sport Zone stores in Spain to the JD banner between now and 2025, according to Diffusion Sport.
Is Topgolf Callaway on the market? South Korean sources says so
Speculation is swirling after a South Korean newspaper suggested that golf behemoth Topgolf Callaway might be up for grabs.
Italy’s Cisalfa to take over SportScheck
Cisalfa Sport S.p.A. is the new preferred business partner of SportScheck GmbH and set to join the business operations. A corresponding agreement is still subject to approval by the German Federal Cartel Office, but the deal is expected to be finalized by June 2024.