JD Sports raises £464m to bolster acquisition drive
JD Sports has completed a fundraise for £464m, which it will use to drive its expansion and capitalise on acquisition opportunities in new and existing markets.
JD Sports’ successful fundraise, which represents 6% of its share capital, comes hot on the heels of the sports fashion retailer snapping up Baltimore-based business DTLR earlier this week for $495m (£364m).
It is understood the retailer has no further US acquisitions on the horizon, having acquired DTLR earlier this week and Shoe Palace for $325m (£239m) in December. JD Sports may use funds raised in part for further US flagships in key cities following the successful launch of its New York flagship in Times Square last year.
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