JD Sports acquires Cloggs

19/02/2013
UK-based sportswear group JD Sports has purchased shoe retailer Cloggs, after lengthy discussions that saw the shoe company, which had gone into administration, fought over by three suitors.

JD has paid an undisclosed sum for the business and said it would continue to be based in Birmingham and all staff would be retained.

Executive chairman Peter Cowgill said: “The purchase of Cloggs presented a strategic opportunity for us to diversify our own online business. Cloggs’ casual footwear collection includes iconic brands such as Dr Martens, Fitflop, Converse, Vans and Hunter.

“We plan to invest heavily in the development of the website and work alongside these brands to develop the product range and customer base further.”

JD has bought a number of companies recently, including sports brand Gio Goi, which it acquired earlier this month.