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British Retailer JD Sports Acquires Shoe Palace for $681M USD

author
Eddie Paz

US sportswear brand Shoe Palace has been acquired by British retailer JD Sports in a deal valued at $681M USD. Shoe Palace, which currently has over 160 locations across the United States, was sold to the British company for $325M alongside a 20% equity stake in JD Sportsvalued at an additional $356M. This most recent foray into the US market follows JD Sport’s 2018 acquisition of Finish Line for $560M.

Read the full report regarding the Shoe Palace acquisition here via Nice Kicks.


Header via Nick Ansell
Image via Shoe Palace

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Sole Savy is unreal! With a busy schedule it’s hard to keep up on shoes, and the group keeps me up to date on releases, tips on how to manually cop, and a marketplace with killer deals from fellow like minded collectors. It’s changed the sneaker game for me!

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