Business Intelligence

JD Sports steps up US push with $1.1bn Hibbett acquisition

SportzPower Team

Apr 24, 2024 20:04

Read more about JD Sports steps up US push with $1.1bn Hibbett acquisition
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British sportswear retailer JD Sports Fashion Plc has entered into a definitive agreement to wholly acquire “highly complementary” US sports apparel and equipment retailer Hibbett, Inc. to speed up its US expansion and enhance its presence in “the world’s biggest and most attractive sportswear market”.

Under the terms of the deal, Birmingham, Alabama-based Hibbett’s outstanding shares will be sold to JD Sports for $87.50 per share in cash for an aggregate enterprise value of approximately $1.1 billion.

Mar 18, 2021 12:03

1st IPO from an Indian gaming co. heavily oversubscribed

MUMBAI: The initial public offering of India-based gaming and sports media platform Nazara Technologies was subscribed 6.89 times by the Thursday morning, March 18, the second day of the IPO's opening, Moneycontrol reports. The IPO closes for subscription on Friday, March 19.

Mar 17, 2021 19:03

Nazara IPO opens, marks India's 1st gaming co. public issue

MUMBAI: Mobile gaming company Nazara Technologies opened its Rs 5.83 billion initial public offering on Wednesday. The IPO, the first from an Indian company in the pure play gaming business, has received an enthusiastic 'subscribe' rating from analysts.

Mar 17, 2021 12:03

Zomato announces plans to offer own line of nutrition supplements

NEW DELHI: Gurugram-based foodtech unicorn Zomato has added its own product line of health and dietary supplements. Zomato's founder and CEO Deepinder Goyal announced on Twitter the company's entry into nutrition supplements or 'functional food'.

Mar 15, 2021 16:03

Kia names Hardeep Singh Brar as national sales & marketing head

MUMBAI: Kia Motors India, a wholly-owned subsidiary of Kia Corporation, Monday announced the appointment of Hardeep Singh Brar as National head of Sales and Marketing, with immediate effect.

Mar 12, 2021 16:03

Stats Perform partners Women in Sports Tech

LONDON: Stats Perform, the SportsTech leader in data and AI technology, Thursday announced a corporate partnership with non-profit Women in Sports Tech (WiST) to generate more opportunities for women at all stages of their careers looking to join or progress within the sports tech and innovation space.

Mar 12, 2021 16:03

KPMG in India, Infomo announce global partnership

MUMBAI: KPMG in India and ad-tech start-up Infomo have announced their alliance to develop digital advertising solutions for enterprises and large publishers utilising the InfomoR3. The seller controlled digital marketing value chain powered by KPMG in India - Infomo solution will provide an alternative to the programmatic ecosystem.

Mar 11, 2021 19:03

Vivo's 2021 plans: Leverage IPL, expand portfolio, focus on 5G

NEW DELHI: Chinese smartphone company Vivo is back as title sponsor of the Indian Premier League, asserting that in the coming year it will expand its portfolio of premium devices, and focus on new technologies like 5G.

Mar 11, 2021 18:03

Discovery creates unified sport-to-ent mktng soln

NEW YORK: Discovery Inc is unveiling an enhanced marketing solutions offer for brand partners across its 200 international markets* that unites the company’s sports offering with its real life entertainment portfolio into a single proposition. The move builds on the global launch of Discovery’s subscription streaming service discovery+ in January.

Mar 11, 2021 18:03

Thomas Bach re-elected as IOC president for second & final term

LAUSANNE: The International Olympic Committee has re-elected Thomas Bach for an additional four-year term as IOC president.

Mar 10, 2021 16:03

IPL ecosystem value down 3.6% to Rs458bn in 2020: Duff & Phelps

MUMBAI: The Indian Premier League ecosystem value has dipped by 3.6% to Rs 458 billion (Rs 45,800 crore) post the 2020 season, from Rs 475 billion (Rs 47,500 crore) after the 2019 edition, according to the 2020 edition of Duff & Phelps' annual IPL Brand Valuation Report, a comprehensive study on brand values in the cricket world's richest annual event.

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