JD Sports Fashion, sports apparel and accessories retailer, has bought Manchester-based sales and distribution company 2Squared Agency. The details of the sale are yet to be revealed. Financial crisis with latter is being seen as major reason for this move. 2Squared Agency set up by Neil Corrie and Martyn Harrison used to be a sportswear buyer for JD Sports.
The deal is the latest acquisition by JD Sports, which added to its roster of both UK and international businesses in 2016.It acquired 100 per cent of the issued share capital of Go Outdoors Topco Limited, a UK-based omnichannel outdoor retailer in November 2016.
Also Read – JD Sports Fashion acquires Go Outdoors
JD Sports was in news in December last year after a Channel 4 documentary revealed that working conditions at its Kingsway warehouse was “worse than a prison”. Founded in 1981, the JD Group now has well over 800 stores covering both sports and branded fashion.
