Mediaset has exited the sports clothing retailer in a majority share acquisition by JD Sports following just over $9m in venture funding.
Sportwear retailer JD Sports has acquired an 80% stake in Deporvillage, a Spain-based sports apparel provider backed by media group Mediaset, for €140m ($167m), Retail Gazette has reported.
JD Sports secured the shares through Spain-based holding company Iberian Sports Retail Group and said $48.2m of the acquisition cash has been deferred, its delivery is contingent upon Deporvillage’s performance this year. Co-founders Xavier Pladellorens and Ángel Corcuera will retain a 20% stake.
Founded in 2010, Deporvillage operates an online platform which…
