JD Sports (JD.) has completed an acquisition of the Aktiesport and Perry Sport chains from the Trustee of Unlimited Sports Group, the European owner of brands including Ellese*, which was declared bankrupt in Amsterdam in February 2016.
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Aktiesport and Perry Sport have 187 stores across the Netherlands, for which JD Sports will pay €26.5m (£21m). However, 55 of those sites will close immediately once the leases are terminated. JD Sports chairman Peter Cowgill says the acquisition helps the company expand further into Europe.
*Update, 1 April 2016: The original version of this article stated that Unlimited Sports Group was also the owner of the Helly Hansen brand. This was incorrect and has been removed.
