Co-founders Retain 2%, Step Away from Management

  • JD Sports acquires additional 18% holdings in Deporvillage for €19.8m
  • ISRG now owns 98% of Deporvillage
  • Co-founders retain a 2% interest and step away from management
  • Deporvillage is the number one online sports retailer in Spain

JD Sports has acquired an additional 18% of shares in sports equipment retailer Deporvillage SL for €19.8 million (£17.1m). Iberian Sports Retail Group (ISRG), JD’s Spanish holding company, conducted the sale from co-founders Xavier Pladellorens and Àngel Corcuera. With this transaction, ISRG now owns 98% of Deporvillage, while the co-founders retain a 2% interest and will step away from managing the business after a transition period. Both parties have also agreed on put and call options for the remaining 2% stake. Founded in 2010 and based in Manresa, Catalonia, Spain, Deporvillage specializes in cycling, running, and outdoor sports categories. It has a strong presence in Italy, Portugal, and France as well. The company is currently the leading online sports retailer in the Spanish market.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the acquisition of shares in Deporvillage SL by JD Sports through its Spanish holding company, Iberian Sports Retail Group. It also gives details about the co-founders retaining a 2% interest and entering into put and call options for their remaining holdings. The article also provides information about Deporvillage’s specialization in various sports categories and its market position in Spain and other countries.
Noise Level: 2
Noise Justification: The article provides relevant information about a business acquisition and the involved parties without any unnecessary filler content or misleading information. It also stays on topic and supports its claims with facts and figures.
Financial Relevance: Yes
Financial Markets Impacted: JD Sports, Deporvillage SL, Iberian Sports Retail Group
Financial Rating Justification: The article discusses the acquisition of shares in a sports equipment retailer by JD Sports, which impacts the companies involved and their financial holdings.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification:

Reported publicly: www.retailsector.co.uk