We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 23, 20244:09pm

JD Sports enters capital of sneakers chain Footasylum

The group invested 3.77 million pounds (4.3 million euros) to acquire 8.3% of the British chain. In the medium term, it will reach a participation of up to 29.9%.

Feb 18, 2019 — 10:00am

JD Sports enters capital of sneakers chain Footasylum



JD Sports keeps betting on the sneakers business. The British group invested 3.77 million pounds (4.3 million euros) in the purchase of 8.3% of a store chain dedicated to footwear and sportswear in the United Kingdom. JD stated that it will not submit an offer to take control of the company and that it will limit its participation to 29.9% of the capital.


Footasylum was born in 2015 and has spread throughout the United Kingdom with the opening of more than seventy stores. The company grew by 19% in the first half of its fiscal year, with a revenue of 98.6 million pounds (112.46 million euros). The sales figure of the company for the sports footwear segment was of 53.8 million pounds (61.36 million euros), making is its main driver for growth, just like JD.


The company continues with its international expansion strategy. In Spain, it has 50 stores and in 2017 it announced, together with Sport Zone, the creation of a joint venture to collaboratively manage its business in the Iberian Peninsula. The new sports operator brings together the chains Size?, JD Sports, sprinter and Sport Zone. All together, they totalled a revenue of 500 million euros in 2017 and reached more than 300 stores in the region.





JD Sports completed the acquisition of 100% of The Finish Line for 558 million dollars (451.54 million euros) in June 2018. The operation resulted in the consolidation of the company as one of the main distributors in the United States and forecasts an important increase in the revenue. The Finish Line had sales valued in 1.84 million dollars (1.48 billion euros) in the fiscal year closed in February 2018, an amount identical to that from the previous year.


Around the world, JD Sports closed the first half of the year (finished on August 4th) with a growth of 35% in its revenue, to 1.84 billion pounds (2.06 billion euros). The net profit of the group stood at 95.4 million pounds.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment