JD Sports buys Courir for €520 million, 10 times EBIT

Featured image of the article JD Sports buys Courir for €520 million, 10 times EBIT

An article by Morgane Monteiro and Sophie Baqué

Publication

29 November 2024 à 16h41

Updated on 10 December 2024 à 11h44

Reading time

2 minutes

Publication: 29 November 2024 à 16h41, Updated on 10 December 2024 à 11h44

Reading time: 2 minutes

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An article by Morgane Monteiro and Sophie Baqué

Publication

29 November 2024 à 16h41

Updated on 10 December 2024 à 11h44

Reading time

2 minutes

Publication: 29 November 2024 à 16h41, Updated on 10 December 2024 à 11h44

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
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After buying rival U.S. retailer Hibbett for US$1.1 billion in April, JD Sports Fashion (sales 2023 of €11.93 billion, up by 2.9%) made a 2nd acquisition. On November 27, 2024, it took over Courir in a €520-million deal. The transaction was financed by existing cash and a revolving credit line. Courir (sales 2023 of €726 million, EBIT of €50.3 million), whose brand will be kept, runs 323 stores in France, Spain, Portugal, Netherlands, Belgium and in Luxembourg plus 36 franchises in the...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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