Courir news and archive

JD Sports lowers profit forecast in "volatile" market

In a pre-close trading update, sportswear retailer JD Sports said that like-for-like (LFL) revenue across November and December was down 1.5 percent, in a challenging and volatile market that saw increased promotional activity. The company now expects profit before tax and adjusting items to be between 915 million pounds and 935 million pounds...

BusinessMember

JD Sports acquires Courir for 520 million euros

JD Sports Fashion has announced the completion of its acquisition of French sneakers player Courir. The company said in a release that the acquisition price is 520 million euros, paid through a combination of existing cash and a drawdown on the company’s revolving credit facility. In the year to December 31, 2023, Courir reported revenue of...

BusinessFeaturedMember

JD Sports proposes acquisition of France’s Courir, simplifies European shareholdings

JD Sports Fashion has announced its intention to take acquisitive steps towards French sportswear company Courir as it looks to fulfil growth ambitions it had previously outlined in February. The group said that it had entered into “exclusive negotiations” with the owner of Groupe Courir with regards to a potential future acquisition of 100...