JD Sports completes DTLR Villa transfer for £364m
The group said it had always intended for DTLR to be part of the Genesis sub-group, but the requirement for ‘speed and certainty of execution’ on the original transaction meant that it was more appropriate to initially acquire DTLR directly
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JD Sports has announced that it has completed the transfer of retail group, DTLR Villa, which is an existing 98.6% owned subsidiary based in the US, to Genesis Topco for a total consideration of $504.4m (£364m).
The group said it had always intended for DTLR to be part of the Genesis sub-group, but the requirement for “speed and certainty of execution” on the original transaction meant that it was more appropriate to initially acquire DTLR directly.