Home Uncategorized JD Sports buys Shoe Palace in 325 million deal

JD Sports buys Shoe Palace in 325 million deal

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European markets have edged up this morning, with commodities pushing up the FTSE 100, which is currently gaining 0.4 on the day. The biggest riser is JD Sports which is up over 6 as they announce a deal to buy US sportswear brand Shoe Palace for 325 million in an all cash deal. The deal sees Britains largest sportswear retailer expand its influence across the pond, specifically on the West Coast where Shoe Palace are predominately based.