CMA approves JD Group's acquisition of Go Outdoors

RNS Number : 5136F

JD Sports Fashion Plc

18 May 2017

 

18th May 2017

JD Sports Fashion Plc

CMA approves the JD Group's acquisition of Go Outdoors

JD Sports Fashion Plc ('Group'), the leading retailer of sports, fashion and outdoor brands, is delighted to announce that its acquisition of Go Outdoors Topco Limited ('Go Outdoors') has today been given unconditional approval by the Competition and Markets Authority (CMA) and that the CMA's investigation is now complete.

Go Outdoors is a nationwide omnichannel retailer catering for the outdoor enthusiast and specialist alike with 58 stores across the UK at acquisition, the majority of which are situated in out of town retail parks. This acquisition will complement the Group's existing offering in the outdoor market.

Peter Cowgill, Executive Chairman, commented:

"I am pleased with the outcome of the CMA's investigation and delighted to welcome Go Outdoors to the JD Group. Go Outdoors will make an excellent addition to the existing JD Outdoor business and I am confident that it will build upon Blacks', Millets' and Tiso's recent success on the high street and strengthen our consumer proposition within the Outdoor sector."

Enquiries:

JD Sports Fashion Plc                                                                                      Tel:  [phone]

Peter Cowgill, Executive Chairman

Brian Small, Chief Financial Officer

MHP Communications                                                                                      Tel:  [phone]

Andrew Jaques

Barnaby Fry

Nessyah Hart

 

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