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JD Sports Fashion plc to acquire Hibbett, Inc. for $1.1 billion

PRIVATEApr 23, 2024

Acquiring Company

JD Sports

Acquired Company

Hibbett Sports

BuryBirminghamSportsE CommerceFashionRetailFashionRetail

Description

Hibbett, Inc. has announced a definitive agreement in which JD Sports Fashion plc will acquire all outstanding shares of Hibbett for $87.50 per share in cash, representing an aggregate enterprise value of approximately $1.1 billion. The transaction will position JD Sports as a global leader in the sports fashion industry and will enable Hibbett to fulfill its customer-oriented mission more effectively.

Quick answer

JD Sports is acquiring Hibbett Sports for $1.1 billion, announced April 23, 2024. JD Sports is based in Bury, England, United Kingdom.

How much did JD Sports pay for Hibbett Sports?
The reported deal value is $1.1 billion.
What does JD Sports do?
JD Group is a leading global omni-channel retailer in Sports Fashion, Outdoors, and Gyms, founded in 1981 in the Northwest of England and now operating across multiple international markets with a portfolio of renowned..
Where are JD Sports and Hibbett Sports based?
JD Sports is based in Bury, England, United Kingdom. Hibbett Sports is based in Birmingham, Alabama, United States.
Who are the decision-makers at JD Sports?
Fundz holds 1 contact at JD Sports. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

JD Sports

Location

Bury, England, United Kingdom

About

JD Group is a leading global omni-channel retailer in Sports Fashion, Outdoors, and Gyms, founded in 1981 in the Northwest of England and now operating across multiple international markets with a portfolio of renowned retail brands. Listed on the London Stock Exchange since 1996 and a member of the FTSE 100 since 2019, JD Group is driven by innovation, operational excellence, and a people-first, customer-centric culture, with a vision to become the world’s most trusted and dynamic omni-channel retailer in the sports and outdoor industry.

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Frequently asked

Who acquired Hibbett Sports?

Hibbett Sports was acquired by JD Sports, based in Bury. The deal was reported on April 23, 2024. JD Sports is privately held and operates in Sports.

When did JD Sports acquire Hibbett Sports?

JD Sports's acquisition of Hibbett Sports was reported on April 23, 2024. Hibbett, Inc. has announced a definitive agreement in which JD Sports Fashion plc will acquire all outstanding shares of Hibbett for $87.50 per share in cash, representing an aggregate enterprise value of approximately $1.1 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hibbett Sports do?

Hibbett Sports is a premier sports retailer specializing in athletic apparel, footwear, and equipment. With a strong presence in the U.S., it operates over 1,000 stores primarily in underserved markets. It is privately held, operating in Fashion, and is based in Birmingham.

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