Deal Details
JD Sports Acquires Hibbett
Summary
JD Sports Fashion Plc (“JD Sports” or "JD") (LSE: JD) recently announced the proposed acquisition of Hibbett, Inc. ("Hibbett") (NASDAQ: HIBB). The transaction is subject to customary closing conditions and regulatory approvals.
Baird served as a financial advisor to JD Sports on this transaction.
About
Founded in 1981, the JD Group is a leading global omnichannel retailer of Sports Fashion brands. JD provides customers with the latest athleisure fashion through working with established and new brands to deliver products that our customers most want, across both footwear and apparel. The vision of JD is to inspire the emerging generation of consumers through a connection to the universal culture of sport, music and fashion. JD focuses on four strategic pillars: global expansion focused on the JD brand first; leveraging complementary concepts; moving beyond physical retail by creating a lifestyle ecosystem of relevant products and services; and doing the best for its people, partners and communities. JD is a constituent of the FTSE 100 index and had 3,313 stores worldwide at 2 March 2024. JD Sports is headquartered in Bury, United Kingdom.Hibbett is a leading athletic-inspired fashion retailer with 1,169 Hibbett, City Gear and Sports Additions specialty stores located in 36 states nationwide as of February 3, 2024. Hibbett has a rich history of convenient locations, personalized customer service and access to coveted footwear, apparel and equipment from top brands like Nike, Jordan, New Balance and adidas. Hibbett is headquartered in Birmingham, Alabama.
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- Date
- May 2024
- Company
- JD Sports Fashion Plc
- Transaction
- M&A - Buyside
- Sectors
- Consumer
- Verticals
-
Multi-Unit, Restaurants & Franchising
- Target Geography
- North America
- Acquiror Geography
- Europe
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