JD Sports Fashion to acquire an 80% stake in Deporvillage for $168m.

JD Sports Fashion, a retailer of sports, fashion and outdoor brands, agreed to acquire an 80% stake in Deporvillage, a retailer focusing on the sale of specialist sports equipment principally for cycling, running and outdoor, for $168m. $48m from the total consideration is contingent upon revenue milestones. "Deporvillage has a strong consumer-centric approach and is the market leader in its categories in Spain with significant potential for further international development. We look forward to closing the transaction and welcoming the Deporvillage team to the group," Peter Cowgill, JD Sports Fashion Executive Chairman.