Monday, March 26, 2018

Finish Line agrees to $558M sale to JD Sports Fashion

Slumping athletic apparel retailer Finish Line agreed to sell itself to a United Kingdom-based sportswear company that was angling to get a foothold in the U.S.

JD Sports Fashion has reached a deal to acquire Indianapolis-based Finish Line for about $558 million.

Finish Line has 556 stores, as well as dedicated, branded floor space in 375 Macy's locations. The company, which also sells products in another 188 Macy's stores, has about 13,000 employees.. . . more

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