Updates

JD Sports Fashion - Buys the iconic Canterbury rugby brand

September 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

JD has announced its third acquisition this year. Following on the earlier acquisitions of French sports footwear retailer Chausport in May and of rugby brand Kooga in July, it has announced the purchase of Canterbury Europe. The purchase, which is being bought out of administration, includes the global rights to the iconic rugby brands of Canterbury and Canterbury of New Zealand. JD is paying £6.5m for the brands, goodwill and assets. As with Kooga, JD believes these branded wholesaler acquisitions can be developed profitably and that the global intellectual property rights will generate royalty income. JD is also rumoured to be buying Kitbag.com from this month's main recommendation, Findel (FDL; 44.75p). ...

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