JD Sports Fashion completed the acquisition of the remaining 40% stake in Marketing Investment Group.

JD Sports Fashion, a chain of retail stores which sell brand-name sports and leisure wear, completed the acquisition of the remaining 40% stake in Marketing Investment Group, a company that is operating in the footwear and clothing market. Financial terms were not disclosed. "Acquiring the remaining 40% stake in MIG allows us to accelerate the development of JD in Central and Eastern Europe, the strong foundations for which have been established alongside the outgoing shareholders. Increasing JD's presence in the region through new store openings and further investment in our omnichannel capabilities is a key part of the strategic growth plan set out at our Capital Markets Day presentation. The complementary Sizeer brand provides a strong platform for the MIG business and the JD brand has evidenced strong initial traction with the consumer, which we will continue to build upon. We look forward to closing the transaction and continuing an exciting journey with the local management team," Régis Schultz, JD Sports Fashion CEO.