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JD Sports Fashion to Acquire Finish Line for $558 Million

Victoria Dean
Updated
JD Sports Fashion to Acquire Finish Line for $558 Million

On March 26, 2018, Finish Line (FINL) announced that the company will be taken over by UK-based JD Sports Fashion in a deal valued at $558 million. Finish Line also announced preliminary results for fiscal 4Q18 and moved its scheduled fiscal 4Q18 earnings release date to March 29, 2018, from April 3, 2018. In addition to the highly promotional environment, sportswear retailers like Finish Line are facing problems as leading sports brands like Nike (NKE) and Adidas work on augmenting their D2C (direct-to-customer) channel.

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