JD Sports Strengthens U.S. Footprint with $1.1 Billion Acquisition of Hibbett
Retail TouchPoints
APRIL 23, 2024
UK-based sports retailer JD Sports Fashion has agreed to acquire athletic fashion retailer Hibbett for $87.50 per share, representing an aggregate value of approximately $1.1 billion , in a deal unanimously approved by the Hibbett board. JD Sports entered the U.S. in 2018, when it acquired Finish Line for $558 million. This latest acquisition will add 1,169 Hibbett , City Gear and Sports Additions stores operating across 36 states to JD Sports’ roster of more than 3,400 stores in the UK, Europ
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