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
Log in to post comments

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.

Dec 09, 2020 17:12

Govt to start 1,000 Khelo India centres across country: Rijiju

NEW DELHI: Union Sports Minister Kiren Rijiju said here Tuesday that the government has made various policy changes and taken up initiatives to encourage and support sportspersons and the sporting community, even after they retire.

Dec 08, 2020 11:12

KNIGHT RIDERS EXPAND INTO THE USA THROUGH LONG-TERM INVESTMENT IN MAJOR LEAGUE CRICKET

The Knight Riders Group, majority owned by Bollywood superstar, Shah Rukh Khan, has agreed to a major investment in American cricket in partnership with American Cricket Enterprises (ACE) The long-term strategic partnership will include financial investment and significant expertise to help ACE develop and launch Major League Cricket in the USA

Dec 04, 2020 15:12

Real Madrid profits drop, expects €300m COVID hit

MADRID: Real Madrid have budgeted for revenues of €617 million in 2020/21, around €300 million less than the LaLiga giants would have otherwise generated were it not for the COVID-19 pandemic, a statement on their financial results for last year indicates. LaLiga rivals FC Barcelona have also predicted similar revenue income drops for the current campaign.

Dec 04, 2020 14:12

Uday Shankar named FICCI president-elect for 2020-21

NEW DELHI: Uday Shankar, who recently stepped down as president, The Walt Disney Company APAC and chairman, Star & Disney India, effective as of December 31, has been named president-elect, Federation of Indian Chambers of Commerce & Industry (FICCI), for the year 2020-21.

Dec 04, 2020 14:12

Celebrity engagement platforms myFanPark, Starsona merge

JOHANNESBURG: Celebrity-based platform myFanPark has announced its merger with Silicon Valley-based celebrity engagement platform, Starsona Inc.

Dec 02, 2020 14:12

Porsche names China brand biz prez as India division head

DUBAI: Luxury sports car maker Porsche on Wednesday named Manolito Vujicic (48) as its new head of India operations. "Porsche Middle East and Africa FZE announces the appointment of Manolito Vujicic as the new Head of its division in India," an official statement reads.

Dec 01, 2020 19:12

Stats Perform acquires AI highlights, tech platforms

CHICAGO: Sports data and technology company Stats Perform Tuesday announced the acquisition of platforms for creating automated video highlights and real-time alerts from Palo Alto-based tech company Thuuz Sports. Financial details were not disclosed.

Dec 01, 2020 12:12

Knight Riders early stage investor in proposed US T20 league

MUMBAI: Times Group-owned American Cricket Enterprises (ACE), USA Cricket's commercial rights partner, has confirmed that the Shah Rukh Khan co-owned Knight Rider Sports Pvt Ltd (KRSPL) has been inducted as a "key investor" in Major League Cricket (MLC), the Indian Premier League-templated T20 tournament that is targeting launch in 2022.

Nov 27, 2020 17:11

Hero MotoCorp appoints Michael Clarke as COO

NEW DELHI: Hero MotoCorp appointed global mobility expert Michael Clarke to the newly created position of Chief Operating Officer (COO), with the additional role of Chief Human Resources Officer (CHRO).

Nov 27, 2020 15:11

Riot Games announces Valorant Champions Tour esports series

LOS ANGELES: Gaming publisher Riot Games has announced the Valorant Champions Tour esports series that kicks off next year and will feature both regional and international competitions.

Subscribe to Business Intelligence