JD Sports Fashion is set to make its mark on Holland with the acquisition of contemporary menswear retailer Setpoint, which has 17 stores.
It is understood that the sportswear giant will snap up the chain later this week. An insider told Retail Week’s sister magazine Drapers that the deal would see JD acquire the retailer’s 15 own stores but not the remaining two, which are franchised.
One source said: “It’s a good deal for JD because they will go from having zero presence in Holland to having 15 stores overnight.”
It is thought that JD will rebrand the Setpoint stores to JD fascias. Setpoint currently stocks brands including Pierre Cardin, Pointer and Burlington.
JD set off on international expansion in 2009 when it bought French sports footwear chain Chausport for €8 million (£7m). Then in June 2011 JD also acquired Spanish fashion and footwear chain Sprinter.
The sports and young fashion group has continued on the acquisition trail this year snapping up streetwear brand Gio Goi and footwear etailer Cloggs.
JD did not respond to requests for comment about Setpoint.