JD Sports Acquires Nasdaq-Listed Hibbett for $1.1 Billion to Boost U.S. Expansion

Apr 23, 2024, 07:15 AM

JD Sports, a British sportswear and sneakers retailer, has agreed to acquire American athletic-fashion retailer Hibbett for approximately $1.1 billion. This acquisition is part of JD Sports' strategy to accelerate its expansion into the U.S. market, particularly across the southeastern regions. Hibbett, valued at $1.1 billion, is listed on Nasdaq, highlighting the significance of this deal in JD Sports' growth plans.