Today, T Sports follows last month’s $ 325 million acquisition of the Shoe Palace chain, another major acquisition in the United States worth nearly $ 500 million.
DTLR, a British successful coaching company, buys Villa, which has 247 stores in 19 states, mostly in the north and east of the country.
The group is based in Baltimore and was created in 1982 as the Downtown Locker Room. It was renamed DTLR and in 2017 merged with the Philadelphia chain of Sneaker Villa.
Despite the growth of online shopping murder chains such as the Debenhams and Arcadia brands, J.D.
His drive in the United States began with a chain called Finish Line, which he recently hired as a J.D. in New York’s Times Square.
Prior to the two deals this year, the United States accounted for a quarter of JD’s total sales.
Managing Director Peter Gagil praised DDLR for its “deep connection” with its customers.
“Therefore, we would like to have the DTLR Villa fa முகade and its plan,” he said.
“The acquisition of DDLR will strengthen our presence in the North and East of the United States, and will be another important step in the group’s evolution.”
J.T., who is considering several acquisitions. Shares of Sports, which said it planned to raise more money last week, rose 51.8 pence, or nearly 7%, to 798.8 pence.
Under the latest deal, about $ 100 million will be used to repay the company’s current debt. The rest of the proceeds will go mainly to its majority shareholders, US private equity groups BRS & Co and Good Capital.
Glenn Keiner and Scott Collins, who continue to serve as co-CEOs, have been with DTLR for over 20 years.
They jointly held a 5% stake in the company. They will reinvest a portion of their money from the sale to acquire a 1.4% stake in DTLR, which will be used by J.T. Will become a subsidiary of Sports.