Announced
Financials
Tags
United States
Majority
Friendly
fashion retailer
Clothing and Accessories
Acquisition
Cross Border
Public
Pending
Single Bidder
Synopsis
JD Sports Fashion, an omnichannel retailer of sports fashion brands, agreed to acquire Hibbett, an athletic-inspired fashion retailer, for $1.1bn. “Today’s announcement is a true testament to all that our Hibbett | City Gear teams have built over the years and reinforces the strength of our brands, our close relationships with our vendor partners, and our team of dedicated colleagues across the country. JD Sports is a well-respected global leader in athletic footwear and fashion that, like us, is committed to the communities and customers it serves. We are thrilled to begin this new chapter with JD Sports, and believe the transaction will enable us to fulfill our customer-oriented mission even more effectively for years to come," Mike Longo, Hibbett President and CEO.
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