JD Sports Fashion takes control of MIG after EU clearance

18th Jan 2024 07:03

(Sharecast News) - JD Sports Fashion said it had taken 100% control of Poland's Marketing Investment Group after clearance from the European Commission.

The retailer mopped up the 40% minority stake in MIG, giving it the opportunity to roll out its brand into Central and Eastern Europe.

In the financial year to January 2023, MIG generated revenues of approximately £270m. As at 30 December 2023, MIG operated a total of 403 stores across 13 countries, including 23 JD stores.

Reporting by Frank Prenesti for Sharecast.com