JD Sports completes acquisition of The Finish Line
Sportswear retailer JD Sports has completed its acquisition of The Finish Line.
The retailer announced in March that it would be acquiring the US sports shoe brand in a deal worth £396 million.
Commenting on the completion of the acquisition, Peter Cowgill, executive chairman of JD, said: “This marks a momentous step in JD's global expansion and represents an exciting opportunity to bring our market leading, multi-brand retail proposition to the world's largest athleisure market, both online and in stores.
“Our team will now collaborate with the experienced Finish Line management team and the key global brands to bring best in class retail theatre and multichannel consumer experience to the US."
The Finish Line has over 550 retail stores across in the US and Puerto Rico and is also the exclusive retailer of sports shoes for US department store Macy's.
Sam Sato, chief executive of The Finish Line, said:"Today, with the closing of this merger with JD, Finish Line opens an exciting new chapter. With a global footprint, together we will bring leading-edge innovation and service to our customers. Our shared vision and drive to provide a premium retail experience will further our impact as a leading, premium multichannel retailer of sports, fashion and outdoor brands."
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