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JD crosses channel for Chausport
Citation-ready fact
JD Sports Fashion bought Chausport for €8 million (£6 million) in cash.
8 million euros · purchase price6 million pounds · purchase price
JD Sports Fashion, retailer
Citation-ready fact
In 2007 Chausport recorded a turnover of €40.7 million and a pre‑tax profit of €600,000.
40.7 million euros · turnover0.6 million euros · pre‑tax profit
Chausport, sports footwear retailer
Citation-ready fact
JD Sports Fashion bought the sports footwear retailer Chausport for €8m (£6m).
8000000 EUR · purchase price6000000 GBP · purchase price
JD Sports Fashion, Retailer
Citation-ready fact
JD acquired €2m of debt as part of the purchase of the 78-store group Chausport.
2000000 EUR · debt acquired78 stores · Chausport group
JD, Retailer
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.
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