JD Sports acquires Manchester-based clothing retailer Oi Polloi
// JD Sports acquires clothing retailer Oi Polloi
// The sportswear giant has acquired the Northern Quarter store and online assets
// JD Sports Executive Chairman Peter Cowgill has been appointed a director of the company
JD Sports has acquired Manchester-based clothing retailer Oi Polloi as it continues its shopping spree.
The sportswear giant bought the Northern Quarter boutique and assets online while its executive chairman Peter Cowgill was named a director of the company.
Oi Polloi was founded by Steve Sanderson and Nigel Lawson and sells a range of men’s clothing from a selection of brands such as Beams Plus, Stone Island, Polo Ralph Lauren, Keen and Patagonia.
READ MORE: JD Sports boss Peter Cowgill could step down
The founders have now moved away from the company.
JD Sports, which sells big brands like Nike and Adidas, has 400 JD and Size? branded stores in the UK and Ireland, and nearly 2,400 sporting goods stores worldwide.
In recent years, it has strengthened its presence with several high profile acquisitions, including Liam Gallagher’s Pretty Green brand and US sportswear retailer DTLR.
The group’s merger with Rochdale-based Footasylum is currently being reassessed by the CMA.
In February, JD Sports raised £ 464million through a placement of new shares to raise M&A funds.
In other news, Cowgill is expected to leave his post at JD Sports after 17 years.
The JD Sports Board of Directors plans to appoint a CEO at some point this year to work alongside Cowgill.
This move would then see him relinquish control of the retailer’s day-to-day operations and assume a role of non-executive chairman.