M&A Deal Summary

JD Sports Fashion Acquires Hibbett

On April 23, 2024, JD Sports Fashion acquired retailer Hibbett for 1.1B USD

Acquisition Highlights
  • This is JD Sports Fashion’s 7th transaction in the Retail sector.
  • This is JD Sports Fashion’s largest (disclosed) transaction.
  • This is JD Sports Fashion’s 3rd transaction in the United States.
  • This is JD Sports Fashion’s 1st transaction in Alabama.

M&A Deal Summary
Date 2024-04-23
Target Hibbett
Sector Retail
Buyer(s) JD Sports Fashion
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Solomon Partners (Financial)
Bass, Berry & Sims PLC (Legal)

Target

Hibbett

Birmingham, Alabama, United States
website
Hibbett is a sporting goods stores in small to mid-sized markets predominately in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. Hibbett was founded in 1945 and is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

JD Sports Fashion

Bury, United Kingdom

website

Category Company
Founded 1981
Sector Retail
Employees73,519
Revenue 8.6B GBP (2022)
DESCRIPTION

JD is a retailer and distributor of branded sportswear and fashion wear in the UK with over 800 stores. JD also has a growing performance sports and outdoor division. The company was founded in 1981 and is based in Bury, the United Kingdom.

DEAL STATS #
Overall 9 of 9
Sector (Retail) 7 of 7
Type (Add-on Acquisition) 5 of 5
State (Alabama) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 DTLR Villa

Hanover, Maryland, United States

DTLR Villa is a specialty retailer targeting the young urban male with over 70 stores in six regions: Atlanta, Baltimore, Chicago, North Carolina, Virginia, and Washington, D.C. DTLR Villa values the urban lifestyle and is committed to bringing the hottest urban fashions to the streets. The Company’s products include footwear, apparel, and accessories. DTLR Villa was formed in 1982 and is based in Hanover, Maryland.

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Product

Company

Legal