JD Sports Stirs the Sneaker World: Secret Takeover Changes Everything!

Get Ready: JD Sports just pulled off a sneaky takeover that’s gonna shake up the sneaker world! They’ve finally wrapped up the purchase of Paris-based Groupe Courir SAS, expanding their sportswear empire in a deal worth a whopping EUR520 million! What’s the catch? It didn’t happen overnight. After months of waiting for the green light from the European Commission, they had to offload 15 Courir stores in France and all 6 in Portugal to sweeten the deal. A little birdie tells us Cologne's own Snipes SE is snapping those up in early 2026!

Money Talk: Courir didn’t just strut its stuff for nothing in 2023 – they bagged a cool EUR50.3 million profit on EUR725.8 million in revenue! They’ve already got 323 stores across Europe and a few fashionable footprints in Africa and beyond, not to mention their chic 'Naked' stores just for the ladies.

But wait, there’s more! This move is not just about more bricks and mortar. JD Sports is set to broaden its horizon by charming more fashion-forward females and a more mature crowd, all while keeping the sports fanatics happy. CEO Regis Schultz seems pretty buzzed about this new chapter, adding another 3 stores with a unique concept to their colossal network of over 4,500 stores.

Stock Scoop: JD’s current stock price is down 32% over the past year, sitting at 101.20 pence. But who knows, with this fresh acquisition, could we see a turnaround?

Stay tuned for more juicy updates in the world of sports retail!