JD Sports Fashion has entered a joint venture (JV) agreement to acquire a 15% stake in Hot-T fascia, a subsidiary of Shoemarker.
The agreement also gives JD Sports Fashion an option to acquire a further 35% stake in Hot-T fascia at the end of 2017.
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Shoemarker is a footwear retailer, while Hot-T is an athletic goods supplier.
The acquisition is expected to cost £5.5m ($7.43m), and will mark JD Sports Fashion’s entry into the South Korean market.
"JD Sports Fashion has entered a joint venture (JV) agreement to acquire a 15% stake in Hot-T fascia."
Signet Jewelers has acquired R2Net for $328m.
The target company owns online jewellery retailer JamesAllen.com and Segoma Imaging Technologies.
The acquisition helps Signet to add an online retail brand to its portfolio and execute omni-channel strategy.
