JD Sports Fashion to acquire a 60% stake in Marketing Investment Group.

JD Sports Fashion, a clothing and apparel retailer, agreed to acquire a 60% stake in Marketing Investment Group, a sports fashion clothing and accessories retailer. Financial terms were not disclosed. “This is an exciting acquisition for JD that will further build on the success of our international development strategy, expanding our operations into Central and Eastern Europe. We have observed and admired the development of MIG over a number of years and we are confident that the combination of their highly experienced and knowledgeable management team, together with the expertise of the JD leadership team, will provide the group with strong foundations from which to successfully optimise the opportunities in the region," Peter Cowgill, JD Sports Executive Chairman.