JD Sports to acquire French sports retailer Courir

JD Sports to acquire French sports retailer Courir

JD Sports Fashion Plc has announced its intention to take its first acquisitive steps with the proposed acquisition of Courir, a French retail chain of sportswear.

It has entered into exclusive negotiations with the owners of Groupe Courir S.A.S. with regards to the potential future acquisition of 100 per cent of the issued share capital of Courir for an enterprise value of EUR520 million.

Courir is currently majority owned by Equistone Partners Europe which acquired it in 2018 following the carve-out from Groupe Go Sport. Headquartered in France the business has 313 stores under the Courir banner in six countries plus a further 36 stores which trade under franchise arrangements in North West Africa, Middle East and in French overseas territories. In Denmark, it also operates two stores which trade as Naked which specialise in high-end female sports footwear.

The transaction will require clearance regulatory clearance which, if granted,  will result in the transaction completing in the second half of 2023.

Regis Schultz, JD CEO said: “We are delighted to announce the proposed acquisition of Courir, a business that is held in high regard in the European sportswear community. We look forward to concluding the contemplated transaction, welcoming the Courir team to the Group and then working with the management to fulfil Courir’s global potential.”


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