Latest fashion industry deals

Date: April 2024
Buyer: JD Sports Fashion
Target: Hibbett, Inc.
Business: Sportswear / Athletic fashion retailer
Value: $1.08billion
Details: JD Sports Fashion (“JD Sports”) has agreed to acquire US athletic fashion retailer, Hibbett, Inc., for $1.08billion, equal to $87.50 per share. Hibbett, Inc. is headquartered in Alabama, and operates 1,169 stores across 36 states in the US. The North American region currently contributes 32% to JD Sports’ total sales, and adding Hibbett to JD Sports’ portfolio is thought to increase that contribution to 40%, and will increase JD Sports’ US reach “from coast to coast”.




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