JD Sports Fashion PLC has announced its proposed acquisition of Hibbett, Inc., a leading sports fashion-inspired retailer in the US. The acquisition, valued at $1,083 million, is expected to strengthen JD's presence in North America and enhance its Complementary Concepts division. The transaction is anticipated to be earnings accretive from year one and is aligned with JD's strategy to expand in the lucrative sportswear market. The combined revenues of JD and Hibbett in North America would be approximately £4.7 billion, increasing North America's share of Group sales from 32% to 40%. The acquisition is expected to be completed in H2 2024, subject to customary conditions including Hibbett stockholder approval and clearance under the US Hart-Scott-Rodino Antitrust Improvements Act. JD Sports Fashion PLC is being advised by Baird and Rothschild & Co, with Freshfields Bruckhaus Deringer LLP as its legal advisor. Solomon Partners Securities, LLC is acting as financial advisor to Hibbett, with Bass, Berry & Sims PLC as its legal advisor.