JD Sports, based in England, acquired Indianapolis-based Finish Line in June and is testing whether to convert the entire 555-store Finish Line chain to its brand.
Parent company Genesco started trying to sell the Zionsville-based division 10 months ago, but no deal has been struck. Meanwhile Lids' long-running decline has continued.
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
The upcoming MotoGP motorcycle race could be the last at the Indianapolis Motor Speedway, as NASCAR officials lobby instead for a stand-alone race for a newly merged sports-car series.
England-based JD Sports Fashion Plc entered the U.S. market in June with its $558 million acquisition of Indianapolis-based Finish Line and says it likes what it sees so far.
The expansion positions Indy as a second headquarters. Also, in the week’s roundup: Ash & Elm, Red Dog Books, Miracle on South Street, JD Sports, At Home and much more.
Buyer JD Sports Fashion, the leading European retailer of sports, fashion and outdoor brands, plans to retain Finish Line management and use the company as its platform for North American expansion.
Shares in Finish Line Inc.—which this week agreed to be acquired by British retailer JD Sports Fashion Plc for $558 million—tumbled Thursday morning after the Indianapolis-based retailer reported a sharp quarterly decline in same-store sales.
Combining Indianapolis-based Finish Line Inc. and JD Sports Fashion from across the pond could create a firm within striding distance of the sports apparel industry’s heavyweight, according to an analyst.
The purchaser is not Sports Direct International, a United Kingdom-based firm that began buying up Finish Line shares last year, but rather its top rival, JD Sports.
A racer’s headquarters that will eventually house a steakhouse and coffee shop is one of several north-side businesses that have opened or are planning to open soon. The list also includes several restaurants, a hardware store and a Nordstrom Rack.
British retailer JD Sports Fashion has had the Midas touch elsewhere in the world. Now, two years after gaining a foothold in the United States by buying Indianapolis-based Finish Line Inc. for $558 million, it’s beginning to show the same winning ways in this country. “I think you would have to say it has been a […]
Several well-known Indiana companies were acquisition targets, including biotech firm Endocyte Inc., retailer The Finish Line Inc., racino owner Centaur Gaming, auto body chain Church Brothers Collision Repair, banking company MainSource Financial Group, and gas and electric utility Vectren Corp.
The escalation in per-share price—which far exceeds that of other recent deals involving Indiana public companies—reflects the unique nature of M&A in the pharmaceutical realm.
A new regulatory said Sports Direct International Inc., the United Kingdom-based sports-apparel retailer that was rumored for months to be on the verge of buying Indianapolis-based Finish Line, never actually wanted to buy the company.
IBJ reporters bring you coverage of the fanfare, festivities and the football from central Indiana and south Florida as the Hoosiers take on The University of Miami Hurricanes in the College Football Playoff National Championship.
