Infrastructure

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

Last updated : Apr 25, 2024 13:04

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.

Oct 30, 2020 13:10

Abhinav Bindra launches sports medicine institute in Bhubaneswar

NEW DELHI: Olympic champion Abhinav Bindra has opened a sports medicine and research institute in Odisha's state capital Bhubaneswar. The Abhinav Bindra Sports Medicine and Research Institute (ABSMARI) will offer four-year Bachelor of Physiotherapy and two-year Masters of Physiotherapy courses, with different specialisations, reports The Hindu.

Oct 29, 2020 15:10

SAI signs infra devt MoU with Arunachal Pradesh govt

NEW DELHI: In order to develop the sports infrastructure at the National Centre of Excellence in Itanagar, an MoU was signed between the Sports Authority of India (SAI) and Arunachal Pradesh government. Union Sports Minister Kiren Rijiju stated this while sharing pictures of the MoU signing ceremony on his Twitter handle on Tuesday.

Oct 28, 2020 11:10

Harley-Davidson, Hero announce agreements for India mkt

NEW DELHI: Embarking on a new journey together, Harley-Davidson, Inc., the legendary US motorcycle manufacturer and Hero MotoCorp, the world’s largest maker of motorcycles and scooters in terms of unit volumes, Tuesday announced that the two will ride together in India.

Oct 28, 2020 11:10

Callaway to acquire Topgolf Entertainment at $2bn valuation

CARLSBAD, Calif.: Callaway Golf Co. and Topgolf Entertainment Group Tuesday announced that the companies have entered into a definitive merger agreement.

Oct 26, 2020 12:10

Punjab govt commits Rs5bn for sports varsity in Patiala

CHANDIGARH: To preserve the sporting heritage and dominance of the state in sports, the Punjab Government will establish a sports educational institute of international eminence, with an ultra-tech campus of the first sports university of the state Maharaja Bhupinder Singh Punjab Sports University, Patiala, PNS reports.

Oct 19, 2020 15:10

Young Blasters team with Sporthood for grassroots dev prgm

KOCHI: Young Blasters, a grassroots and youth development initiative of Kerala Blasters FC have announced a 5-year partnership agreement with the Sporthood network of sports centres as part of the club’s vision to spread the KBFC style of football across Kerala through a standardised, scientific and procedural form of coaching that paves way to a bright career in football.

Oct 19, 2020 12:10

Ahmedabad favoured to host India-England D/N Test

MUMBAI: During BCCI’s apex council, it was decided during its meeting via teleconference on Saturday evening, that Ahmedabad or Calcutta will host the Day-Night Test against England. The BCCI is determined to host the series versus England in India.

Oct 15, 2020 11:10

Birmingham City Council to pay £218m+ for 2022 CWG

BIRMINGHAM: The City Council's direct contribution to Birmingham 2022 remains at £184 million ($238 million/€203 million), around 25 per cent of the total cost of the event.

Oct 14, 2020 19:10

Raina's foundation completes project for underprivileged in UP

NEW DELHI: Indian cricketer Suresh Raina's foundation has completed a project to provide better amenities at a government-run school in Ghaziabad, Uttar Pradesh.

Oct 09, 2020 18:10

Govt committed to create world-class sports ecosystem: Rijiju

NEW DELHI: Union Minister of Youth Affairs and Sports Kiren Rijiju chaired the 53rd governing body meeting of the Sports Authority of India (SAI) on Thursday and said the government is committed to providing a sports ecosystem of global standards for athletes.

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