JD Sports Fashion Plc, the parent of the JD, Finish Line, DTLR, and Shoe Palace retail brands in the U.S. and others worldwide, completed the acquisition of the 40 percent minority stake in Poland-based Marketing Investment Group S.A. (MIG) and is now the 100 percent sole owner.
The company finalized the acquisition following receipt of a decision from the European Commission declaring the transaction compatible with the internal market.
As a result of taking control of MIG, JD Sports Fashion PLc has further simplified its European operations and created the opportunity to accelerate the rollout of the JD brand in Central and Eastern Europe.
In the financial year to January 2023, MIG generated approximately £270 million in revenue. As of December 30, 2023, MIG operated 403 stores across 13 countries, including 23 JD stores.
Image courtesy of JD Sports Fashion Plc
