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