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Evening Standard

Business

Daniel O'Boyle

JD Sports adds to global expansion with €500m deal to swallow Iberian Sporting Retail Group

JD ISRG JD Sports

JD Sports continues on its path to global domination, as it today agreed to buy out the remainder of its Spanish, Dutch and Portuguese arm Iberian Sporting Retail Group (ISRG) for €500 million (£427 million).

The sportswear retailer already owned just over half of ISRG, but hopes to have more control over the business as it plans to open 500 international shops over the next five years.

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