BRS & Co. said it completed the sale of DTLR Villa LLC to JD Sports Fashion Plc for $495 million.
JD Sports on March 19 said the acquisition was completed
In a statement, BRS said invested in DTLR in October 2005 and with its management team grew the business from 43 to 247 units and from $84 million to $500 million in sales.
BRS stated, “There are many things of which to be proud regarding DTLR, but by far the two most significant are the many years of mutual respect, support and partnership between BRS and DTLR management and the sale of the business to JD, one of the world’s pre-eminent retailers and a company renowned for its treatment of management and the growth of its businesses. BRS expects DTLR to enjoy great success under JD ownership and to continue on its path to becoming one of the most successful specialty retailers in the U.S.”
Photo courtesy DTLR
