Clothing & Shoes
JD Sports completes DTLR Villa transfer for £364m
The group said it had always intended for DTLR to be part of the Genesis sub-group, but the requirement for ‘speed and certainty of execution’ on the original transaction meant that it was more appropriate to initially acquire DTLR directly
JD Sports has announced that it has completed the transfer of retail group, DTLR Villa, which is an existing 98.6% owned subsidiary based in the US, to Genesis Topco for a total consideration of $504.4m (£364m).
The group said it had always intended for DTLR to be part of the Genesis sub-group, but the requirement for “speed and certainty of execution” on the original transaction meant that it was more appropriate to initially acquire DTLR directly.
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