December 15, 2020
(Reuters) – Britain’s biggest sportswear retailer JD Sports said on Tuesday it had acquired U.S.-based shoe retailer Shoe Palace for $325 million.
The company said the deal would expand its footprint in the U.S. West Coast and increase its appeal among Hispanic and Latino consumers, who form a significant proportion of Shoe Palace’s customer base.
(Reporting by Aniruddha Ghosh in Bengaluru; Editing by Aditya Soni)
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