JD Sports in Spanish acquisition
JD Sports Fashion has bought a slice of Spanish chain Sprinter and eight Cecil Gee stores, it said today.
The company now has holds 50.1 per cent of Sprinter which include 47 shops in the Andalusia and Levante regions.
JD Sports has invested €20m (£17.7m) into Sprinter through a subscription for shares.
The retailer bought the Cecil Gee’s stores from Moss Group, for £1.7m.
It said it will continue to trade these stores with an enhanced but similar premium branded fashion offering.
“We are very pleased to announce these two acquisitions which both result from our strategy of selectively expanding our European retail presence and increasing our exposure to a broader portfolio of premium brands,” said JD Sports chairman Peter Cowgill.