JD crosses channel for Chausport

Retailer JD Sports Fashion said yesterday it had bought the sports footwear retailer Chausport for &euro;8m (&pound;6m) in cash to enter the French market.<br /><br />JD said it has also acquired &euro;2m of debt as part of the purchase of the 78-store group.<br /><br />&ldquo;The JD board expects that the Chausport acquisition will be earnings enhancing in future years after investment both in the existing portfolio and in new stores,&rdquo; it said.<br /><br />In 2007 Chausport had a turnover of &euro;40.7m and made a profit before&nbsp;tax and exceptional items of &euro;600,000.