JD Sports has acquired retailer Go Outdoors for £112m from its private equity owners

Monday, 28 November 2016 17:00

Under the deal, JD Sports will buy the 58-store chain from YFM Equity Partners and 3i Group. The purchase will see Go Outdoors come under the JD umbrella alongside Blacks, Millets and Ultimate Outdoors.

JD Sports chief executive, Peter Cowgill, said: “Go Outdoors is a great addition to our existing outdoor business.

“The minimal overlap in store locations and their out-of-town, one-stop retailer approach complements the work we have done on the high street with Blacks and Millets … I am excited by the future prospects this holds for the JD group.”

In the 53 weeks to 31 January 2016, Sheffield-based Go Outdoors had revenues of £202.2m and a pre-tax profit of £4.9m. As a result of the deal, the Go Outdoors founders, Paul Caplan and John Graham, will leave the business.