JD Sports to buy American footwear player DTLR Villa

JD Sports Fashion Plc has entered into a conditional agreement for the acquisition of 100 percent of DTLR Villa LLC, an athletic footwear and streetwear retailer based in Baltimore, Maryland. The company said in a statement that total cash consideration for the acquisition is 495 million dollars, of which approximately 100 million dollars will be used to repay existing indebtedness of the company.