JD Sports Fashion aims to expand outdoor retailer Tiso throughout the rest of the UK following its acquisition of the company last week.
After paying an undisclosed sum for a majority stake in the family-run business, which has 10 stores in Scotland, JD plans to expand in England, Wales and Northern Ireland, particularly through Tiso’s Outdoor Experience business.
The retailer’s ‘experience centres’ include leisure areas such as 30-foot high indoor climbing walls and healthy eating cafes alongside sportswear retail areas.
Tiso currently has experience centres in Edinburgh, Glasgow, Inverness and Perth.
“We think this is scalable and we’ll look to invest accordingly should the right opportunities come along,” a spokesman for JD said, adding that Tiso’s other divisions – Blues the Ski Shop and Alpine Bikes – “both offer us something exciting and new”.
JD chairman Peter Cowgill will take over as chairman of Tiso, although chief executive Chris Tiso will remain in his position and the company will continue to be headquartered in Edinburgh. The Tiso family will retain a “significant” shareholding in the business.
Last week JD acquired a majority stake in multi-brand sports etailer ActivInstinct. The etailer, which also trades under the name Millet Sports, was acquired to help develop JD’s sports performance offering and will complement the company’s outdoor fascia Blacks.
“ActivInstinct continues to enjoy rapid growth and is well regarded by the big brands we deal with day to day,” the spokesman added. “There are clear international opportunities and this business fits neatly with our multichannel and overseas ambitions.”
Sam Fuller, managing director of investment bank Altium Capital, which advised ActivInstinct on the JD deal, said the family-run business, which operates French and German local-language websites and offers international delivery, would continue to push internationally, particularly focusing on the US market.