JD Sports is racing ahead with plans to crack the American market through the $1 billion acquisition of Hibbett, the US sports fashion retailer.
The self-proclaimed “king of trainers” said it would pay $87.50 per share in cash for the Nasdaq-listed company, representing a premium of about 20 per cent to its last closing price.
Hibbett’s shares closed on Monday in New York at $72.49, up by 1.9 per cent on the day, valuing it at $855.14 million. Shares in London-listed JD Sports rose 4 per cent to 123p, giving it a market capitalisation of £6.5 billion.
Hibbett, based in Birmingham, Alabama, operates 1,169 sports fashion shops across 36 US states, predominantly under the Hibbett and City Gear brands. The retailer reported $131.6 million in
Three is a magic number, particularly in the world of horse racing.There are few accomplishments that carry the stature of the Triple Crown, ho
GREEN BAY, WI (WSAU) – Wisconsin has two of the top ten sporting stadiums in the U.S., according to a new analysis.According to a press release, the analys
GREEN BAY (WLUK) -- The best sports venue in the U.S. for 2024 is right here in Northeast Wisconsin, at least according to one study.Gambling.com ranked the bes
Canadian Football League players will have the option of wearing protective soft-shell helmet covers known as Guardian caps during games this season, but mouthg