JD Sports Fashion Plc (LON:JD) has announced it has completed the acquisition of the 40% minority stake in Marketing Investment Group S.A. (MIG) and is now the 100% sole owner.
This acquisition has been completed following receipt of a decision from the European Commission declaring the transaction compatible with the internal market.
As a result of taking full control of MIG, JD has both simplified further its European operations and created the opportunity to accelerate the rollout of the JD Sports Fashion brand in Central and Eastern Europe.
In the financial year to January 2023, MIG generated revenues of approximately £270m. As at 30 December 2023, MIG operated a total of 403 stores across 13 countries, including 23 JD stores.
