JD crosses channel for Chausport
Retailer JD Sports Fashion said yesterday it had bought the sports footwear retailer Chausport for €8m (£6m) in cash to enter the French market.
JD said it has also acquired €2m of debt as part of the purchase of the 78-store group.
“The JD board expects that the Chausport acquisition will be earnings enhancing in future years after investment both in the existing portfolio and in new stores,” it said.
In 2007 Chausport had a turnover of €40.7m and made a profit before tax and exceptional items of €600,000.