The brands acquired include Base Childrenswear, Choice, Clothingsites (including Brown Bag Clothing), Cricket, Giulio, Kids Cavern, Missy Empire, Nicholas Deakins, Pretty Green, Prevu Studio, Rascal Clothing, Tessuti (including Xile), Scotts, Watch Shop, and Topgrade Sportswear (including Get The Label), Frasers said in a press release.
Completion of the acquisition of eight of the businesses and the debt took place on exchange, with completion of the acquisition of the remaining seven businesses (Cricket, Tessuti Scotts, Giulio, Choice, Rascal Clothing, and Topgrade Sportswear (including Get The Label)) is expected to take place in early 2023.
JD Sports Group’s chief executive officer, Régis Schultz said: “JD is rightly recognised for its laser focus on the customer, and we are convinced that the most significant opportunities lie in the continued international development of the group’s global sports fashion businesses.
“We are pleased to have agreed the sale of these attractive, but non-core, brands and I would like to express my sincere thanks to all colleagues at the businesses which form part of the transaction for their hard work and contribution to the group over the year.”
ALCHEMPro News Desk (DP)
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