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JD Sports acquires stake in Sportiberica in Portugal

JD Sports has acquired a majority stake in the Portuguese operator of The Athlete’s Foot, an international retail chain selling sports inspired footwear, apparel and accessories.

JD Sports' new flagship store on Oxford Street

 

The firm now owns and operates 12 stores in Portugal through the acquisition, spread between Lisbon, Porto, Coimbra and Portimão. The stores will be under the management of JD Sports’ Spanish subsidiary and it will roll out a refurbishment plan over the next 12 months.

Earlier this year, it acquired the trading assets of Dutch chain Aktiesport and Perry Sport.

 

 

 

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