JD Sports has snapped up a controlling stake in Polish sports fashion business Marketing Investment Group (MIG) as it continues its aggressive acquisition spree.
The sportswear chain has agreed to purchase a 60% stake in MIG, which trades from 410 stores across nine countries in Central and Eastern Europe.
The Krakow-based group, which generated revenues of around £200m in the year to January 31, operates primarily under the Sizeer and 50 Style fascias. It also runs a string of ecommerce sites across its European markets.
The deal is subject to approval by Polish competition authorities but is expected to complete before the end of May.
Should the swoop get the green light from regulators, it would mark the latest in a string of international acquisitions by JD Sports in its bid to conquer the globe.
The retailer has snapped up the likes of Finish Line, Shoe Palace and DTLR in the US in recent years in a concerted push to crack the lucrative American market.
JD Sports also operates the Sprinter fascia in Spain, Sport Zone in Portugal and Chausport in France.
Executive chair Peter Cowgill said: “This is an exciting acquisition for JD that will further build on the success of our international development strategy, expanding our operations into Central and Eastern Europe.
“We have observed and admired the development of MIG over a number of years and we are confident that the combination of their highly experienced and knowledgeable management team, together with the expertise of the JD leadership team, will provide the group with strong foundations from which to successfully optimise the opportunities in the region.”
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