Sportswear giant JD Sports has acquired an £5.5 million stake in a South Korean retailer in efforts to ramp up its international expansion. JD Sports purchased a 15 per cent stake in Hot-T in a joint venture with its owner Shoemarker Inc. The agreement leaves the option open for JD Sports to boost its stake by 35 per cent after at the end of the year if the move proves lucrative.
Follow this link:
JD Sports snaps up £5.5m stake in South Korean Hot-T